Everyone dreams of becoming rich from home. But many do not know that one can get more than Rs 40 lakh tax-free money in their account in the next 15 years, without any risk, market fluctuations and stress. It must seem like magic to many. If one wants to earn a big, tax-free amount of money in the long run without any risk, then the government’s Public Provident Fund (PPF) scheme is nothing less than a jackpot. Amid rising inflation and market fluctuations, PPF is an option that offers safe and high returns to every common Indian. The important thing is that with proper planning, one can accumulate more than Rs 40 lakh in 15 years.

What is PPF, and why is it so profitable

PPF or Public Provident Fund is a long-term investment scheme run by the government. It is specially designed for people who are low-risk takers and want safe returns. Investing in this scheme will not only keep the money completely safe, but will also earn a government-fixed interest rate every year. Currently, the annual interest rate of PPF is 7.1%.

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How to Get ₹46 Lakh Returns From PPF

A fund of over Rs 40 lakh can be built in 15 years. The tenure of PPF is 15 years. A minimum of Rs 500 and a maximum of Rs 1.5 lakh can be invested annually. If an investor invests more than Rs 1.5 lakh every year, then after 15 years, he can get a fund of over Rs 40 lakh tax-free. This amount is completely safe as it is not affected by market fluctuations.

Excellent tax benefits PPF is one of the few schemes in India that comes under the EEE category. This means that the investment is tax-free (up to Rs 1.5 lakh under Section 80C), the interest is tax-free and the entire maturity amount is tax-free. This is why it is difficult to find a safer tax-saving option than PPF.

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Who can open a PPF account Any Indian citizen can open a PPF account in their own name. Accounts can also be opened in the name of children, which will be managed by their parents. NRIs cannot open new PPF accounts, but old accounts will continue till maturity.

Loan facility: Not only can money be deposited in PPF, but if necessary, a loan can also be taken between the third and sixth years. This is not investment advice, but information only. A financial advisor should be consulted before taking any financial decision.