It is not a good option to keep savings in the bank. Today inflation is increasing rapidly. This is gradually reducing the value of your savings. If you invest your savings in good places. In such a situation, the chances of getting good returns from there increases greatly. Today in this series, we are going to tell you about a very good scheme of the government. The name of this scheme is Public Provident Fund. This scheme of the government is very popular in the country. At present, you get interest at the rate of 7.1 percent on investing in Public Provident Fund Scheme. If you want to deposit a fund of Rs 13 lakh by investing Rs 4,000 in PPF scheme.
For this, first you have to open an account in Public Provident Fund. After opening an account in Public Provident Fund Scheme, you will have to save 4 thousand rupees every month and invest 48 thousand rupees annually.
The money invested in Public Provident Fund is matured in 15 years. In such a situation, if you invest 48 thousand rupees annually for 15 years in the Public Provident Fund Scheme. If you calculate the current interest rate on the basis of 7.1 percent, then after 15 years you will have about Rs 13,01,827 at the time of maturity.
You have to invest a total of Rs 7,20,000 during the investment period. You will get an interest of about Rs 5,81,827 on your investment. Investing in public provident fund schemes, you do not face any kind of market risk. This scheme is completely safe.
