PPF Scheme: The Post Office provides postal services as well as a variety of financial services to its customers. In addition to regular savings accounts, RD accounts, TD accounts, MIS accounts, and PPF accounts can also be opened at the Post Office. PPF, or Public Provident Fund, is a government scheme administered by the Central Government. Today, we will learn about the Post Office’s PPF scheme. We will also learn how much money you will receive after 15 years if you deposit Rs. 2,000 every month into PPF.
PPF scheme is offering 7.1% interest
Currently, an annual interest of 7.1 percent is being given on the PPF scheme of the Post Office. An account can be opened in this scheme by depositing a minimum of Rs 1000 annually. Keep in mind that to keep the PPF account active, it is necessary to deposit a minimum of Rs 1000 in a financial year. A maximum of Rs 1.5 lakh can be deposited in the PPF scheme in a period of one year.
You can deposit a lump sum amount in PPF annually, apart from this, you can also deposit money in the PPF account in installments. You can deposit money in a maximum of 12 installments in a period of one year in a PPF account, that is, you can deposit a maximum of 1 installment in a month.
Here is the calculation
If you deposit Rs 2000 every month in your PPF account, your annual investment will become Rs 24,000. PPF account matures in 15 years, however you can extend it for a period of 5 years each. If you deposit Rs 2000 every month in the Post Office PPF scheme, your investment will become Rs 24,000 in one year and Rs 3,60,000 in 15 years. By depositing Rs 2000 every month in PPF, you will get a total of Rs 6,50,913 after 15 years. This includes Rs 2,90,913 as interest i.e. return. Let us tell you that apart from post offices, PPF account can also be opened in banks.
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