Investment Tips: The Public Provident Fund (PPF) scheme has long been a trusted investment option in India for those looking for safe and stable returns. It is extremely useful for investors who want to build a good corpus with fixed interest while remaining safe from market fluctuations and risks. Being government-backed, this scheme is considered completely safe and provides investors with a strong financial foundation in the long run.

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PPF is considered a popular savings scheme across the country. People typically deposit a portion of their monthly or annual savings into this scheme to build a secure corpus for the future. Currently, this scheme offers an interest rate of 7.1 per cent per annum, which is fixed by the government after quarterly reviews.

Starting an investment in this scheme is quite easy. You can open an account with any bank or post office with a minimum annual deposit of ₹500. The maximum investment limit per financial year is ₹1.5 lakh, which is suitable for those who also want to benefit from tax savings. Investments in PPF also qualify for tax exemption under Section 80C of the Income Tax Act.

The tenure of a PPF account is 15 years. After completion of this period, investors can extend it in blocks of 5 years. This makes this scheme an excellent long-term investment option, especially for those who want to accumulate funds for their children’s education, marriage, or retirement.

If an individual deposits ₹10,000 every month in PPF, they can build a substantial corpus over 15 years. At the current interest rate of 7.1 per cent, the estimated maturity value of the account after 15 years reaches approximately ₹32,54,567. This amount can play a vital role in providing financial stability and secure funds for the future. Regular savings make it possible to build a substantial corpus for the future, which can be easily accessed when needed.

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The process of opening a PPF account is also very simple. One can visit the nearest bank branch or post office and submit the required documents. Many banks also offer this facility online, making it even more convenient for investors.