If you have a young daughter at home and you want to invest in a good scheme to secure her future. In such a situation, this news is especially for you. Today we are going to tell you about a wonderful scheme of the government. The name of this scheme is the Public Provident Fund. This scheme is quite popular in the country. By investing in this scheme of the Government of India, you are currently getting an interest rate of 7.1 percent. In this scheme, you can invest a minimum of Rs 500 and a maximum of Rs 1.5 lakh. If you are planning to invest in a good scheme in the name of your daughter. In such a situation, this scheme can prove to be a good option. In this series, let us understand the mathematics of investment with the help of which you can collect Rs 19.52 lakh by investing only Rs 6 thousand.
For this, first of all, you have to open a Public Provident Fund account. After opening this account, you have to save Rs 6 thousand every month and invest Rs 72 thousand in this scheme on an annual basis.
If calculated based on the current interest rate, you will have a total of Rs 19,52,740 at the time of maturity after 15 years. You have to invest a total of Rs 10,80,000 during the investment period of 15 years.
You will get a total interest of Rs 8,72,740 on your investment. In this case, the total maturity value will be Rs 19,52,740. Using this money you can get your daughter married.
Apart from this, you can also use this money to provide higher education to your daughter. Your money invested in the Public Provident Fund matures in 15 years. Even after 15 years, you can extend the investment period for another 5 years.
(PC: iStock)
