There is a large number of people in the country, who look for such investment options, in which they do not have to face the dangers of any kind of market risk while investing. If you are also looking for a similar investment plan. In such a situation, today we are going to tell you about a very wonderful scheme. The name of this scheme is Public Provident Fund. Many people in the country are investing in this scheme of the government. You get guaranteed returns by investing in this scheme. You can invest a minimum of Rs 1,000 and a maximum of Rs 1.5 lakh in PPF. At present, an interest rate of 7.1 percent is being received for investing in this scheme. You also get tax benefits by investing in this scheme. In this episode, let us know how you can collect a fund of Rs 2.36 crore by saving Rs 300.
If you calculate at the current interest rate of 7.1 percent, then you save Rs 300 daily and invest Rs 9 thousand every month in the PPF scheme.
In this case, after 15 years, your fund will grow to Rs 29.2 lakh. At the same time, in 20 years this amount will increase to Rs 47.9 lakh. If you invest 9 thousand rupees every month for 25 years, then your amount will increase to 74.2 lakh rupees.
Wherein if we continue the investment for 30 years. In this case, you will get a total of Rs 1.11 crore after 30 years. Whereas if you invest in this scheme for 40 years.
In this case, after 40 years, you will have a total of Rs 2,36,94,955. You have to invest a total of Rs 43,20,000 during the entire investment period. At the same time, you will get a total interest of Rs 1,93,74,955 on your investment.
(PC: Freepik)
