If you want to invest in a good place, where you do not have to face any kind of market risks. In such a situation, today we are going to tell you about a very wonderful scheme of the government. This scheme of the government is very popular across the country. Its name is the Public Provident Fund. At present, by investing in this scheme, you are getting an excellent interest rate of 7.1 percent. Money invested in Public Provident Fund matures in 15 years. If you also want to collect more than Rs 9 lakh by investing Rs 3,000 in Public Provident Fund. In such a situation, let us understand this entire mathematics of investment in detail -
For this, first of all, you have to go to your nearest bank or post office and open a PPF account. After opening the account, you have to save Rs 3,000 every month and invest Rs 36,000 annually in PPF.
If calculated based on a current interest rate of 7.1 percent, then at the time of maturity after 15 years, you will have around Rs 9,76,370. During this period you will have to invest a total of Rs 5,40,000.
You will get a total of Rs 4,36,370 as interest on your investment. In such a situation, you will get around Rs 9,76,370 at the time of maturity. With the money you receive at the time of maturity, you can fulfill important purposes related to your future.
You have to invest a minimum of Rs 500 in PPF. You can invest a maximum of Rs 1.5 lakh annually in this scheme. After a maturity of 15 years, you can extend your investment period for another 5 years.
(PC: Pixabay)
