Newsworthy: the Post Office Superhit Plan Make a monthly deposit of Rs. 12,000 to earn a profit of Rs. 1 crore. Get complete details here.

 Newsworthy: the Post Office Superhit Plan Make a monthly deposit of Rs. 12,000 to earn a profit of Rs. 1 crore. Get complete details here.

How to Make Money with the Post Office Scheme: This strategy is unique in that your investment is entirely secure. The market's ups and downs have no effect on it.


Post Office Scheme: If you know how to invest money well, there are numerous schemes like this that can make you wealthy. The Post Office's Public Provident Fund (PPF) programme is one such programme. In the long run, this post office plan is quite beneficial for amassing a sizable corpus.

a secure investment
This strategy is unique in that your investment is entirely secure. The market's ups and downs have no effect on it. The government sets these interest rates, which are evaluated every three months. Now, the PPF plan at the post office receives 7.1 percent interest per year.

In a bank branch, an account can be opened.

A Public Provident Fund (PPF) account can be opened at either a post office or a bank branch. Only 500 rupees can be used to start this account. A yearly contribution of up to Rs 1.50 lakh may be made in this. This account has a 15-year maturity. But, there is also the option to extend it in the range of 5–5 years following maturity.

will become a crorepati by making monthly investments of Rs 12,500

If you maintain a PPF account for 15 years and contribute Rs 12,500 each month, you will receive Rs 40.68 lakh at maturity. Your total investment in this will be Rs 22.50 lakh, and your interest income would be Rs 18.18 lakh.

This computation was performed with the assumption that, during the following 15 years, the interest rate will be 7.1% annually. If the interest rate increases, the maturity amount can too. Find out here that compounding in PPF occurs once a year.

This is how the crore profit will be calculated.

If you wish to make a million dollars from this strategy, you must prolong it again for periods of five years each, starting after fifteen years. In other words, your investment time has increased to 25 years. In this manner, your total corpus will be Rs. 1.03 crore after 25 years. You will invest a total of Rs. 37.50 lakh throughout this time, and you will receive an interest income of Rs. 65.58 lakh.

Bear in mind that you must apply one year before to the PPF account's maturity if you want to prolong it. Once the account reaches maturity, it cannot be renewed.

gain after taxes

The PPF scheme's greatest benefit is that it offers tax advantages under Section 80C of the Income Tax Act. On investments up to Rs 1.5 lakh made in the scheme, a deduction may be made in this. Both interest accrued and the maturity sum in a PPF are tax-free. PPF investments fall under the "EEE" category as a result.

The government-sponsored modest savings programmes are the most significant. As a result, the subscribers' money is fully protected. On the interest gained in this, there is a sovereign guarantee available.