If you want to invest in a good place for a long period, from where you get good returns. In such a situation, this news is especially for you. Today we are going to tell you about a great investment option, where by investing you can collect a fund of Rs 1 crore in a few years. In this, you have to invest in the Public Provident Fund Scheme of the Government of India. The most special thing about the PPF scheme is that the money invested in it is completely safe. The Public Provident Fund Scheme is quite popular in the country. Many people are investing their money in this area of investment. At present, you are getting an interest rate of about 7.1 percent on investing in the PPF scheme. In this episode, let us know how you can collect a fund of more than Rs 1 crore by investing Rs 12,500.
In this, you have to first open your account in the PPF scheme. After opening the account, you have to save Rs 12,500 every month and invest Rs 1.5 lakh every year in this scheme.
You have to make this investment in the PPF scheme for the entire 25 years. If calculated based on the current interest rate of 7.1 percent, then at the time of maturity you will have a fund of about Rs 1 crore.
With the help of this money, you will be able to fulfill important purposes related to your future. Apart from this, you will also be able to live financially independently. In the PPF scheme, your money matures in 15 years.
Apart from this, after the completion of the maturity period, you can extend the investment period for five years. In this scheme, you can invest a minimum of Rs 500 and a maximum of Rs 1.5 lakh.
(PC: ISTOCK)
