Only a few days are left for Diwali to come. In this episode, today we are going to tell you about a very wonderful scheme of the government, where you can collect a big fund of Rs 16.27 lakh in a few years by investing just five thousand rupees. On the auspicious occasion of Diwali, you can invest in this scheme to secure your future at the financial level. The scheme we are going to tell you about today is called Public Provident Fund Scheme.
You get many great benefits by investing in this scheme. At present, you are getting an interest rate of 7.1 percent on investing in this scheme. Public Provident Fund Scheme is quite popular in the country. In this episode, let us know about this scheme in detail -
In the Public Provident Fund Scheme, you have to invest your savings for 15 years. After the maturity period of 15 years is over, you can extend your investment period for five years each.
In this scheme, you can invest a minimum of Rs 500 and a maximum of Rs 1.5 lakh annually. If you want to invest in a good scheme for a long period of time, then this scheme can prove to be the best for you.
In this episode, let us understand the mathematics of investment with the help of which you can invest five thousand rupees and collect Rs 16.27 lakh in a few years. For this, first of all you have to open an account in the PPF scheme.
After opening an account in the PPF scheme, you have to save five thousand rupees every month and invest 60 thousand rupees annually in this scheme. You will have to make this investment for a total of 15 years. If calculated at the current interest rate of 7.1 percent, then at the time of maturity you will have a total of Rs 16,27,284.
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