Today we are going to tell you about a very spectacular public provident fund scheme of the Government of India. If you want to invest safe somewhere, where you can get a guaranteed return. In such a situation, Public Provident Fund is one of the best plans for you. Investing in public provident fund schemes, you are getting tremendous benefit
At present, you are getting 7.1 percent interest on investing in this scheme. You at least Rs. Can contribute 500 and maximum Rs. 1.5 lakh rupees can be invested. The money you invest in Public Provident Fund is matured in 15 years. The special thing about this scheme is that if you do not need money after 15 years of maturity. In such a situation, you can increase it for 5-5 years.
After opening an account in PPF scheme, you cannot withdraw money from it for five years. Public Provident Fund Schemes fall in the EEE category. In such a situation, if you invest in this scheme, then you will also get the benefit of tax exemption.
If you By investing Rs 11,666. 37.96 lakhs will raise funds, let’s understand in detail the mathematics of investment.
For this, you will have to save Rs 11,666 per month and invest Rs 1,40,000 per month in Public Provident Fund Scheme. If the current interest rate is calculated on the basis of 7.1 percent, then your investment will be matured after 15 years.
Meanwhile, you will get a total of Rs 37,96,995. You will have to spend a total of rupees during the investment period. 21,00,000 will have to be invested. You will get an interest of Rs 16,96,995 on this investment. In this situation, the total maturity value will be Rs 37,96,995.
