This govt scheme gives the best return
Public Provident Fund is an investment in which you can get guaranteed returns without risk. This scheme is for everyone and any Indian citizen can invest in this scheme.
If you are also looking for an investment with fixed returns without risk, then this news is for you only. Public Provident Fund (PPF) is such an investment in which you can get guaranteed returns without risk. This scheme is for everyone, that is, any Indian citizen can invest in this scheme. In this, the maximum investment allowed is Rs 1.5 lakh annually and the minimum Rs 500. Let’s know about this special scheme.
How much interest will you get?
The specialty of this scheme is that in this you get the benefit of compounding interest. Its maturity is of 15 years. At present, interest is being received on PPF at the rate of 7.1 percent. If you also want to invest in this scheme, here’s how much you will get.
Rs 6,50,913 on investment of Rs 2,000/m
If you invest Rs 2,000 every month in PPF, then in a year you will invest Rs 24,000. Your total investment in 15 years will be Rs.3,60,000. But according to the compounding interest of 7.1 percent, Rs 2,90,913 will be received. Overall, at the time of maturity of the investment, you will get Rs 6,50,913.
On investment of Rs 3,000
If you invest 3000 rupees every month in the PPF scheme, then the total investment in one year will be 36000 rupees. Whereas, the total investment in 15 years will be Rs.5,40,000. On this investment, you will get an interest of Rs 4,36,370 according to the compounding interest of 7.1 percent. After 15 years i.e. at the time of maturity, you will get Rs 9,76,370.
On investment of Rs 4,000
If you invest Rs 4000 in PPF every month, then the total investment for one year will be Rs 48,000. Accordingly, your total investment in 15 years will be Rs.7,20,000. Now according to the compounding interest of 7.1 percent, you will get Rs 5,81,827 as interest. After 15 years i.e. at the time of maturity, you will get a total of Rs 13,01,827.
On investment of Rs 5,000
If you want big profits, then you can invest in this scheme without any risk, if you invest Rs 5000 every month, then your total investment in one year will be Rs 60,000. According to this, in 15 years your total will be 9 lakhs. Now according to the compounding interest of 7.1 percent, you will get Rs 7,27,284 as interest. After 15 years i.e. at the time of maturity, you will get a total of Rs 16,27,284.