PPF Saving Tips: If you are looking for a safe and profitable investment for your future, the Public Provident Fund (PPF) can be a great option. This is a long-term savings scheme of the Government of India, which not only provides assured returns but also helps in saving taxes. Suresh, a finance expert from Ranchi, explains that investing in PPF doesn’t require a large sum; you can start with a small amount and get good returns in the long run.

Benefits of PPF

PPF is a popular savings scheme aimed at encouraging small savings and building a strong fund over the long term. It has a maturity period of 15 years, which can be extended in blocks of 5 years each. Currently, PPF offers an annual interest rate of 7.1 percent, which is reviewed by the government every quarter. This interest rate is more attractive than bank fixed deposits.

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The PPF scheme has EEE (Exempt-Exempt-Exempt) status, which means that the investment, interest, and maturity amount are all tax-free. Therefore, this scheme is not only safe but also an excellent way to save on taxes.

What you will get by investing ₹5000 per month

If you invest ₹5000 every month in PPF, your total investment over a period of 15 years will be ₹9,00,000. The interest earned during this period could be approximately ₹7,27,284. This means that the total amount at maturity will be approximately ₹16,27,284. This estimate is based on the current annual interest rate of 7.1 percent. Since the government updates the PPF interest rate every three months, the actual return may vary slightly.

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Why invest in PPF?

PPF is a safe, long-term investment that ensures your financial security. This investment, which starts with a small amount, builds a large fund over time. In addition, the tax-free returns and the facility of earning regular interest make it attractive for every investor.

About the Author

Adarsh P

Adarsh Pal is a content writer at Timesbull Media. He specializes in writing news related to industry updates, the automotive sector, banking, telecommunications, the travel sector, and personal finance. Adarsh has previously worked with several digital media channels. He is skilled at presenting news accurately and disseminating information based on...

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