PPF SCHEME: Nowadays, everyone invests to secure their family’s future. If you’re looking for such an investment scheme, the PPF scheme could be a great fit for you. PPF is considered a highly secure and tax-free savings option. This scheme is specifically designed for those who want to grow their wealth safely over the long term. Investing in PPF not only protects your principal, but the interest earned on it is also completely tax-free.

How much will you earn on a monthly investment?

By opening a PPF account, you can deposit a fixed amount every month. Currently, the interest rate on PPF is approximately 7.1% per annum, and it grows at a compounded rate. This means that the interest earned on your investment earns further interest each year, increasing your total corpus exponentially. For example, if you invest ₹5,000 every month, your total savings could reach around ₹17 lakh in 15 years. Similarly, investing ₹10,000 monthly could result in a total of approximately ₹34 lakh, and investing ₹15,000 monthly could reach around ₹51 lakh.

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Additional Tax Benefits

The biggest advantage of PPF is that you can avail a tax exemption on the amount invested under Section 80C of the Income Tax Act. Furthermore, the interest earned on the investment is completely tax-free. This means that your total savings will not be subject to tax.

The Right Investment for the Long Term

The PPF scheme has a lock-in period of 15 years, making it suitable for retirement, children’s education, or other major financial goals. You can invest up to a maximum of ₹1.5 lakh each year, and even small savings can be compounded over time through regular monthly investments.

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Tips for Successful Investment

If you’re investing in a PPF, ensure that you deposit the amount between the 1st and 5th of every month. This will allow you to earn the full month’s interest and allow your total amount to grow faster. Thus, PPF proves to be a safe, tax-free, and assured return option for both small and large investors.