Many individuals in the country tend to shy away from investment options that carry market risks. If you’re looking for a safe and reliable investment with guaranteed returns, this information is just for you. Today, we’re excited to introduce you to a fantastic government scheme known as the Public Provident Fund Scheme. This initiative by the Government of India has gained immense popularity, with numerous people choosing to invest in it. Let’s dive into the details!
By participating in the Public Provident Fund scheme, you can currently enjoy an interest rate of 7.1 percent. Commonly referred to as the PPF scheme, it allows you to invest a minimum of Rs 500 and a maximum of Rs 1.5 lakh each year.
The funds you invest in the Public Provident Fund will mature after 15 years. If you wish to continue investing, you have the option to extend the investment period in five-year increments.
If you’re interested in investing just 8 thousand rupees and potentially accumulating 26 lakh rupees over time, you’ll first need to open an account in the Public Provident Fund Scheme.
Once your PPF account is set up, you should save 8 thousand rupees each month, totaling 96 thousand rupees annually. You’ll need to maintain this annual investment for 15 years. By the end of this period, you could have a total fund of Rs 26,03,654, which can significantly support your financial goals in the future.
