If you are planning to invest in a good place keeping in mind the long term, then this news is especially for you. Today we are going to tell you about a very great scheme of the government, whereby by investing you can become a millionaire in a few years. The special thing is that the PPF scheme is completely safe. By investing in it, you will not have to face the dangers of any kind of market risk.
Here you have to invest in the Public Provident Fund Scheme of the government. PPF is a very great scheme run by the government. At present, by investing in this scheme, you are getting an interest rate of 7.1 percent. This scheme is very popular in the country. Many people are investing their savings in this scheme.
In the Public Provident Fund Scheme, you get a lock-in for 15 years. However, after the completion of this maturity period of 15 years, you can extend your investment period for five more years.
You can invest a minimum of Rs 500 and a maximum of Rs 1.5 lakh annually in the Public Provident Fund Scheme. This is a great scheme for long-term investment.
If you also want to become a millionaire in a few years by investing Rs 12,500 in this scheme, then for this you first have to open an account in the PPF scheme. After opening the account, you have to save Rs 12,500 every month and invest Rs 1.5 lakh annually in the PPF scheme.
You have to make this investment of Rs 1.5 lakh annually for the entire 25 years. If calculated based on the current interest rate of 7.1 percent, then after 25 years you will have around Rs 1,03,08,015.
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