PPF Investment: In today’s era, everyone wants to invest their money in a place where they can get good and reliable returns. Especially when it comes to long-term investment, like child’s education, retirement or any major need, then people decide more carefully. In such a situation, PPF i.e. Public Provident Fund is considered a very good and safe option. It not only keeps your money safe, but also increases it with good interest in the long run.
If you are wondering how much money to invest in PPF and how much return will you get, then your confusion can be resolved now. Here we will talk about three different investment amounts – Rs 3000, Rs 5000 and Rs 10,000. If you invest these three amounts in PPF account every month, then we will understand in simple language how your money will grow after 15 years. Keep in mind that in this calculation, the annual interest rate has been considered to be 7.1 percent, which is currently applicable on PPF.
What will be the return on investing Rs 3000?
If you put Rs 3000 in PPF every month, then how much amount will be deposited in your account after 15 years? Let’s talk about it. Your total deposit amount in 15 years will be around Rs 5,40,000. But the special thing here is that your money is not only deposited in PPF, but it also gets an annual interest of 7.1 percent. Due to interest, your money keeps increasing gradually. Ultimately, after 15 years, you will get a total of about Rs 9,76,370. That is, your investment will benefit about Rs 4,36,370 in the form of interest. In this way, even small investments become big in the long term.
How much will be the benefit of investing Rs 5000?
Now let’s talk about what will happen if you put Rs 5000 in PPF every month. After 15 years, the total amount deposited by you will be around Rs 9,00,000. But as mentioned earlier, PPF also gives 7.1 percent interest annually on the amount deposited, which will increase your total amount to around Rs 16,27,284. Meaning, apart from your investment amount, you will get about Rs 7,27,284 as interest. This is a way to give you a good return by investing your hard-earned money in the right direction.
How much will be the return on investing Rs 10,000 per month?
If you want to invest a little bigger and put Rs 10,000 in PPF every month, then you will be happy to think how big your fund will be after 15 years. The total deposit amount will be around Rs 18 lakh in 15 years. But with interest, your total amount will increase to Rs 32,54,567. In this way, you will get interest of about Rs 14,54,567 on your investment. Just imagine, this interest is more than the amount you deposited.