PPF Investment: If you start investing in PPF from a young age, then you get huge returns in the long term.
PPF Investment: Even today people have faith in Public Provident Fund, it is such an investment on which you get good interest, as well as good savings on tax. If you invest Rs 34 a day in PPF i.e. 1000 rupees a month, then it reaches lakhs of rupees. We are going to tell you how you can make a huge amount of 26 lakhs with a small investment of 1000 rupees monthly in PPF. Also Read:Know how to apply for voter id card online before UP vidhansabha chunav
This is the formula for investing in PPF
PPF account matures in 15 years. That is, after 15 years, the account holder can withdraw all his money. But if you want to keep the account running instead of withdrawing money, then you can also do this very easily. After 15 years, you can extend the PPF account as many times as you want for 5-5 years. During this, if you want to invest in it every month or you can keep the account running without investment. If you choose the option of no investment, then interest will continue to accrue on the deposit in the account. At present, 7.1 percent interest is being given on PPF.Also Read:Reliance jio phone next launch september 10 check price in india specifications features and other detai
Invest 1000 rupees every month
If you invest 1000 rupees every month in PPF, then this small investment of yours can become lakhs of rupees. There are some important things for this, which we are going to tell. First of all, you should start investing in PPF at a very young age. Suppose you started investing at the age of 20. So you can run it till you yourself are not 60 years old. Let us know how much the investment of 1000 rupees per month will be in the first 15 years and if it is increased for 5-5 years then how much will it become.Also Read:Good news about DA! Dearness allowance may increase from ‘this’ month
1. Invested for the first 15 years
The investment in PPF is done for a minimum period of 15 years in the first instance. In such a situation, if you keep depositing Rs 1000 every month for 15 years, then you will deposit Rs 1.80 lakh in total. Instead of this deposit, you will get Rs 3.25 lakh after 15 years. In this, your interest is Rs 1.45 lakh at the rate of 7.1%.Also Read:1GB data per day, unlimited video-voice calling and more for just Rs 18
2. Extended for 5 years
If you now extend PPF for 5 years, and also continue to invest Rs 1000 every month in it, then after 5 years the amount of Rs 3.25 lakh will increase to Rs 5.32 lakh.
3. Then extended for 5 years
After 5 years, if you extend the PPF investment again for 5 years and continue to invest Rs 1000, then after the next 5 years the money in your PPF account will increase to Rs 8.24 lakh.
4. Extended for the third time for 5 years
If you extend this PPF account for the third time for another 5 years and continue investing Rs 1000 then the total investment period will be 30 years. And the amount in the PPF account will increase to Rs 12.36 lakh.