PPF Investment Scheme: PPF is a long-term savings scheme. Investment is required for 15 years. The interest rate on this scheme is determined by the government and is reviewed every three months. Currently, PPF offers an annual interest rate of 7.1 percent. A minimum of ₹500 and a maximum of ₹1.5 lakh can be invested annually. The biggest advantage of PPF is that the invested money, the interest earned, and the maturity amount are all completely tax-free.

How much fund will be created with a monthly investment of ₹2000?

If a person deposits ₹2,000 every month, i.e., ₹24,000 annually, in PPF, their total investment in 15 years will be approximately ₹3.60 lakh. At the current interest rate of 7.1 percent, they can receive approximately ₹6.50 lakh at maturity.

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How much fund will be created with a monthly investment of ₹3000?

Similarly, investing ₹3,000 every month, i.e., ₹36,000 annually, results in a total deposit of ₹5.40 lakh in 15 years. After adding interest, this amount can reach approximately ₹9.76 lakh at maturity.

How much fund will be created with a monthly investment of ₹5000?

If an investor invests ₹5,000 every month, i.e., ₹60,000 annually, in PPF, the total investment in 15 years will be approximately ₹9 lakh. According to the current interest rate, they can receive approximately ₹16.27 lakh at maturity.

Who is this scheme beneficial for?

PPF is considered a better option for those who want to make safe investments without risk. Salaried individuals, self-employed people, women, and parents can invest in it for their own or their children’s future. It is not affected by market fluctuations, so it is considered a completely safe scheme.

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The benefit of the extension is available

A PPF account can be extended even after completing 15 years. If an investor wants to continue depositing money after maturity, they have to apply before the stipulated time. A PPF account can be extended in blocks of 5 years each time, and in this way, a good fund can be built by continuing the investment for a long period.