If you want to invest your money for long term. In such a situation, today we are going to tell you about a very wonderful scheme. The name of this scheme is Public Provident Fund. This scheme of the government is very popular in the country. Many people are investing their savings here.
At present you are getting 7.1 percent interest on investing in this scheme. The special thing about Public Provident Fund Scheme is that you get a lot of benefits by investing in it. The amount you invest in PPF. It becomes mature after 15 years. However, after 15 years, you can extend your investment tenure every five years.
You should have at least Rs. 1000 in Public Provident Fund. Should be invested. Rs 500 can be invested. You can invest up to Rs 1.5 lakh annually in this scheme. If you also want to invest Rs 10,000 in this scheme and raise Rs 32.54 lakh.
In such a situation, first of all you will have to open your account in this scheme. After opening the account, you will have to save Rs 10 thousand per month and invest Rs 1 lakh 20 thousand annually. You will have to make this investment for a total of 15 years. If calculated on the basis of current interest rate, you will have a total of Rs 32,54,567 at the time of maturity after 15 years. With the help of this money you will be able to live a financially prosperous life.
