PPF Investment: Nowadays, people are very active in investing. Many invest in various avenues. Some invest in gold, some in the stock market, and some in mutual funds. Everyone wants their money to be safe and grow over time. If you’re looking for a long-term, secure investment that’s not affected by market fluctuations, the Public Provident Fund (PPF) scheme is the right option for you. This government-run scheme is considered quite popular across the country.
Investing in the PPF scheme currently offers an annual interest rate of 7.1 percent. This rate provides good returns for long-term investments. Even small savings can help you accumulate a substantial corpus for the future. Therefore, this scheme is particularly beneficial for those seeking regular and safe investments. The minimum investment amount in the PPF scheme is Rs 500 per month, while the maximum annual deposit is Rs 1.5 lakh.
The plan’s term is 15 years, and after maturity, you can extend it for 5 more years each year. This makes it a safe long-term investment option. If you invest Rs 10,000 every month, you could become a millionaire. You’ll need to deposit Rs 10,000 every month for 15 years. At the current interest rate of 7.1%, your total maturity value will be approximately Rs 3.2 million in 15 years. This amount will be very useful for you in the future.
The process of opening a PPF account is quite simple. You can apply for it by visiting your nearest bank or post office. Regular and long-term investments can generate good returns. This scheme is especially beneficial for those looking for a safe and reliable investment.
