If you are looking for an investment where your money is completely safe and you get great returns, then the Public Provident Fund (PPF) is a great option for you. This is a government scheme, so there is no fear of money sinking into it. Today, we are going to tell you a trick, by adopting which you can get an interest of up to ₹ 3 lakh every year from PPF without investing any new money.

What is Public Provident Fund (PPF)?

Public Provident Fund (PPF) is a popular small savings scheme that is a safe and beneficial way of investing for the long term. In this, any person can start investing with a minimum of ₹ 500 every year, while the maximum investment limit is ₹ 1.50 lakh. The maturity period of this scheme is 15 years, but you can extend it twice more for 5 5 years. Currently, it gives interest at the rate of 7.1% per annum.

15 years of investment and bumper returns

If you invest a maximum of ₹1.50 lakh every year in PPF for 15 consecutive years, then at the time of maturity, your total fund will be ₹40,68,209. Your total investment in this will be ₹22.50 lakh, while your net profit will be ₹18,18,209. This is a tremendous return that can lay a strong financial foundation for your future.

How to earn interest of ₹3 lakh every year without investing

Now let’s talk about that special method. After the maturity of PPF, if you do not withdraw your fund and carry it forward for 5 years, then you will continue to get a return of 7.1% annually even without making any new investment.

For example, if you have ₹40,68,209 deposited in your fund, then you will get an interest of ₹2,88,842 in a year. This is close to ₹3 lakh that you will get every year in interest alone without investing any additional money. This is a very beneficial strategy for those who want to grow their funds further.

This way, PPF not only gives you a safe and good return but can also become a source of passive income for you in the long run.