When it comes to saving your earnings, people often invest their money in a place where you get good returns. When it comes to good and good returns, the stock market comes first. There is a return in the stock market, but the risk is very high. Currently, there is a sell-off going on in the stock market. The market has been going down for the last 5 months.
In such a situation, there are government schemes like PPF, where investors are getting fixed returns. The market fluctuations do not affect their deposited money. Let us tell you how much money you can save in 25 years by depositing Rs 3 thousand, 6 thousand, and 12 thousand per month under this scheme. How much interest is received in this and when can you withdraw your money?
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Fund on depositing Rs 3000
If you deposit Rs 3,000 every month in PPF account, then 36 thousand rupees will be deposited in a year and similarly in 25 years you will deposit Rs 9 lakh. Since, the government gives 7.1 percent interest on PPF annually. On this basis, the total estimated interest on the deposit will be Rs 15,73,924 lakh. Overall, you will save Rs 24,73,924 lakh by depositing Rs 3 thousand every month for 25 years.
Fund on depositing Rs 6 thousand
On the other hand, if you deposit Rs 6 thousand every month for 25 years in this scheme, then you will deposit Rs 18 lakh and the total estimated interest on it will be Rs 31,47,847. If the total deposit amount and interest are added, then you will save a total of Rs 49,47,847 in 25 years.
This is how a fund of up to 1 crore will be created
By depositing Rs 6 thousand every month in PPF for 25 years, you will save around Rs 50 lakh. On the other hand, if you deposit Rs 12 thousand per month, then you will have a fund of around Rs 1 crore. At the rate of Rs 12,000, your total investment amount in 25 years will be Rs 36,00,000. The estimated interest earned during this period will be Rs 62,95,694 and the total investment will be around Rs 98,95,694.
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