If you want to invest your money for a long period. In such a situation, today we are going to tell you about a very wonderful scheme. The name of this scheme is the Public Provident Fund. This scheme of the government is quite popular in the country. Many people are investing their savings here. At present, by investing in this scheme you are getting an interest rate of 7.1 percent. The special thing about the Public Provident Fund Scheme is that by investing in it you get many great benefits. The amount of money you invest in PPF. It becomes mature after 15 years. However, after 15 years, you can extend your investment period for five years each. In this episode, let us know about this scheme in detail -
You can invest a minimum of Rs 500 in the Public Provident Fund. You can invest up to Rs 1.5 lakh in this scheme on an annual basis.
If you also want to collect Rs 32.54 lakh by investing Rs 10,000 in this scheme. In such a situation, first of all, you will have to open your account in this scheme.
After opening the account, you will have to save ten thousand rupees every month and invest Rs 1 lakh 20 thousand annually. You have to make this investment for a total of 15 years.
If calculated based on the current interest rate, you will have a total of Rs 32,54,567 at the time of maturity after 15 years. With the help of this money, you will be able to live a financially prosperous life.
(PC: iStock)
