The trend regarding mutual fund investment has increased a lot. In such a situation, most of the people prefer to invest their money here. On the other hand, even today many people in the country prefer to invest their money in those places, where there is no risk of any kind of market risk. If you are also looking for a similar investment plan. In such a situation, today we are going to tell you about a wonderful scheme of the government. The name of this scheme government is the Public Provident Fund. In this scheme, by saving Rs 166, you can collect the entire Rs 61.80 lakh. Many people in the country prefer to invest their money in Public Provident Fund. Let us know in detail about this scheme –
At present, investors are getting an interest rate of 7.1 percent for investing in Public Provident Fund. You can invest in Public Provident Fund for 15 years.
However, in this scheme, after 15 years, you get a chance to extend your investment tenure for another 5 years. In this episode, let us understand how you can save Rs 166 and collect Rs 61.80 lakh.
For this, you have to save around Rs 166 daily, collect Rs 5 thousand every month, and invest Rs 60 thousand every year in the Public Provident Fund. You have to make this investment for a total of 30 years.
Calculate based on the current rate of interest of 7.1 percent, you can easily collect Rs 61,80,364 at the time of maturity after 30 years.
(PC: iStock)
