Now only a few days are left for the new year to start. In such a situation, today we are going to tell you about a very wonderful scheme, where you can secure your future by investing on the occasion of New Year. Today we are going to tell you about the Public Provident Fund Scheme. This scheme is quite popular in the country. Many people invest their money in it. You get many great benefits by investing in the Public Provident Fund Scheme. By investing in this scheme at present, you are getting an interest rate of 7.1 percent. The amount you invest in PPF matures in 15 years. However, in this scheme, after 15 years, you can extend your investment period for another 5 years. Apart from this, you are also getting many other benefits in the PPF scheme.
You can invest a minimum of Rs 500 and a maximum of Rs 1.5 lakh on an annual basis in Public Provident Fund. If you also want to collect Rs 32.54 lakh by investing Rs 10,000 in this scheme. In such a situation, let us understand this mathematics of investment in detail -
For this, first of all, you have to open your Public Provident Fund account on the occasion of the New Year. After opening a PPF account, you have to save Rs 10,000 every month and invest Rs 1,20,000 annually.
If you calculate at the current interest rate of 7.1 percent, then at the time of maturity you will get a total of Rs 32,54,567. You will have to invest a total of Rs 18,00,000 during the investment period.
You will get a total interest of Rs 14,54,567 on your investment. This money will help in securing your future. Apart from this, you will also be able to fulfill important purposes related to your future with the help of this money. In such a situation, on the occasion of the New Year, you can secure your future by investing in the PPF scheme.
(PC: iStock)
