Keeping savings money deposited in the bank is not a good option. Today the pace of inflation is increasing rapidly. It is gradually reducing the value of your savings. If you invest your savings in a good place. In such a situation, your chances of getting good returns from there increase significantly. In this series, today we are going to tell you about a very wonderful scheme of the government. The name of this scheme is the Public Provident Fund. This government scheme is quite popular in the country. At present, by investing in the Public Provident Fund Scheme, you are getting an interest rate of 7.1 percent. If you want to collect a fund of Rs 13 lakh by investing Rs 4,000 in the PPF scheme. In such a situation, let us understand this mathematics of investment in detail -
For this, first of all, you have to open an account in the Public Provident Fund. After opening an account in the Public Provident Fund Scheme, you will have to save Rs 4 thousand every month and invest Rs 48 thousand in it annually.
Money invested in the Public Provident Fund matures in 15 years. In such a situation, if you invest Rs 48 thousand annually in the Public Provident Fund Scheme for 15 years.
In such a situation, if you calculate based on the current interest rate of 7.1 percent, then at the time of maturity after 15 years, you will have around Rs 13,01,827.
You will have to invest a total of Rs 7,20,000 during the investment period. You will get an interest of around Rs 5,81,827 on your investment. By investing in the Public Provident Fund Scheme, you do not have to face any kind of market risks. This scheme is completely safe.
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