PPF Scheme: You may earn Rs 42 lakh by contributing Rs 5000 per month to PPF; see the full computation

PPF Scheme: You may earn Rs 42 lakh by contributing Rs 5000 per month to PPF; see the full computation

PPF Scheme: There is good news if you have made investments in the PPF scheme or if you intend to make any. A fund of more than Rs 1 crore may be created by investing in PPP schemes.

PPF Scheme: There is good news if you have made investments in the PPF scheme or if you intend to make any. It is possible to build a fund of more than Rs 1 crore by investing in the PPF plan. Public Provident Funds are now the greatest choice for long-term investments. In addition to the government guarantee, your money is protected in this as well. In addition to all of this, you get strong returns. Even on the obtained returns, there is no need to pay tax.

The best long-term investment choice

The greatest alternative for long-term financial investment is the PPF program. It allows you to invest up to Rs 1.5 lakh annually. You may benefit from compound interest with this. Moreover, these government programs are unaffected by changes in the market.

How is Rs 42 lakh obtained?

if you make a monthly investment of Rs 5000 in a PPF plan. Thus, your annual investment will be Rs 60,000. Your money at maturity, if you invest it for 15 years, will be Rs 16,27,284. Your investment would be around Rs 42 lakh (Rs 41,57,566) after 25 years if you increase the contribution amount for an additional 5–5 years. Your investment in this will be Rs 15,12,500, and you will get Rs 26,45,066 in interest. In a similar vein, you would get Rs 1 crore after 25 years if you invest Rs 12500 every month.

Every Month Debit Your 15-year payout will be this amount (in rupees). You'll get this much money in 20 years (in rupees). You'll get this much money in 25 years (in rupees).

1000 3.18 5.24 8.17 2000 10.49 16.35 3.000 6.37 15.73 24.52 15.92 26.23 44.88 10,000 31.85 52.45 81.76 12,500 ₹1.02 crore 39.82 65.57

 

Where may a PPF account be opened?

A minimum of Rs 500 is required to begin investing in the Public Provident Fund Scheme. You may open it at the bank or post office that is closest to you. Beginning on January 1, 2023, the government will provide interest benefits under this program at a rate of 7.1 percent. The PPF scheme has a 15-year maturity term. Account holders may request to prolong this arrangement for a maximum of five years at a time. He also has the choice of whether to keep making contributions or not. Once you've participated in this program for five years, you may also apply for loans.