This scheme of Post Office will make you a millionaire instantly

This scheme of Post Office will make you a millionaire instantly


Investment
As soon as there is talk of investing Rs 500-1000 per month, the first thought that comes to mind is SIP.

SIP Investments
You can become a millionaire by investing just Rs 500 without investing in SIP.

Public Provident Fund
For this you will have to open an account in the Public Provident Fund of the post office.

Annual Minimum
In this scheme, you can invest a minimum of Rs 500 and a maximum of Rs 1.5 lakh annually.

6000 rupees
You can make this investment for 15 years. If you do this, you will accumulate Rs 6000 in a year.

interest rate
At present, interest is being given on PPF at the rate of 7.1 percent.

Above Rs 1.5 Lakh
In such a situation, by depositing Rs 500 every month in this scheme, you can add Rs 1,62,728 in 15 years at the rate of 7.1 percent interest.

in 20 years
If you extend it for 5.5 years, you can add Rs 2,66,332 in 20 years and Rs 4,12,321 in 25 years.

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