PPF Scheme- Want to invest on something which is profitable? Then todays article is made for you. Post Office provides many types of financial services along with postal services to its customers. Apart from normal savings accounts, RD accounts, TD accounts, MIS accounts and PPF accounts can also be opened in the post office. PPF i.e. Public Provident Fund is a government scheme, which is run under the supervision of the central government. Today we will learn about the PPF scheme of the post office here. Along with this, we will also know that if you deposit Rs 2000 every month in PPF, then how much money will you get after 15 years.
7.1% interest is being given on PPF scheme
Currently, 7.1 percent annual interest is being given on the Post Office PPF scheme. An account can be opened in this scheme by depositing at least 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 annually in PPF, apart from this, you can also deposit money in the PPF account in installments. In a PPF account, you can deposit money in a maximum of 12 installments in a period of one year, i.e. you can deposit a maximum of 1 installment in a month.
If you deposit Rs 2000 every month in PPF account, then 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 Post Office PPF scheme, then your investment will become Rs 24,000 in one year and Rs 3,60,000 in 15 years.
If you deposit Rs 2000 every month in PPF, then you will get a total of Rs 6,50,913 after 15 years. This includes Rs 2,90,913 of interest i.e. return. Let us tell you that PPF account can be opened in banks as well as post offices.
Desclaimer: For any financial invest anywhere on your own responsibility, Times Bull will not be responsible for it.