Calculating PPF: Exciting News! If you deposit Rs. 3,000 every month, you would get Rs. 15.97 lakh (calculation required

 Calculating PPF: Exciting News! If you deposit Rs. 3,000 every month, you would get Rs. 15.97 lakh (calculation required).

Public Provident Fund Scheme: We will now inform you of the amount of money you would get on investment of ₹ 1000, ₹ 2000, ₹ 3000, and ₹ 5000 after 15 and 20 years.

PPF Scheme: Should you also want to make financial investments via the Public Provident Fund Scheme (PPF Scheme). However, you shouldn't worry at all if you are unclear about how much money should be invested each month. We are going to tell you today how much money you would get by investing ₹1000, ₹2000, ₹3000, and ₹5000 after 15 and 20 years.

We would like to inform you that the Public Provident Fund is now receiving 7.1 percent interest. With this interest rate, you may accumulate a sizable sum if you invest for 15 or 20 years. Let's examine the computation:

A monthly investment of Rs. 1000

After 15 years, if you deposit Rs. 1000 per month in the PPF program, you would get Rs. 3.25 lakh. In addition, you would get Rs 5.32 lakh if you invest for 20 years.

A monthly investment of Rs. 2000

In addition, after 15 years of investing Rs. 2000 per month in this government initiative, you would get Rs. 6.50 lakh. In contrast, you would get Rs 10.65 lakh if you prolong it for a another five years, or after 20 years.

A monthly investment of Rs 3,000

You would get Rs 9.76 lakh after ten years if you invest Rs 3000 every month. In addition, you would get Rs 15.97 lakh from your investment after 20 years.

A monthly investment of Rs 5,000

After 15 years, if you deposit Rs 5000 per month in the PPF plan, you would get Rs 16.27 lakh. In addition, you would get Rs 26.63 lakh on your investment after 20 years.

At maturity, you will get your whole money back.

We would like to inform you that at the completion of your PPF account's maturity, you will get both the interest amount and the original sum you invested. Your whole balance is transferred to the account in the event that it is closed. Let us also remind you that the money and interest you get at maturity are fully tax-free. The government will not levy any tax on this.