Public Provident Fund or PPF safest to invest
If you are planning to invest then Public Provident Fund (PPF) can be the best option for you. It can be considered as the safest for investment. Also it gives good returns. In this scheme guaranteed by the central government, you can make your own thousands of rupees in lakhs with the right strategy. At the same time, another advantage is the exemption in income tax on interest. Maturity amount in PPF will not be taxed.
Let us tell you that you can get an interest rate of 7.1% on your existing investment in PPF. This rate is for the period till 30 September. Hence the maturity period is 15 years and after that the investor can withdraw his amount or choose to continue investing. The investor can be extended for a further period of five years after maturity.
If you deposit Rs 1,000 every month in PPF, then in 15 years you will have about Rs 3.25 lakh deposited. This amount is determined on the assumption that the interest rate will not change during the investment period. Out of this amount of Rs 3.25 lakh, about Rs 1.80 lakh is your investment and about Rs 1.45 lakh will be interest on your fund for 15 years.