PPF: Invest 300 rupees every month in this government scheme, this way you will become the owner of 2.36 crores..


If you have opened an account under the PPF scheme or want to earn well by opening an account and investing in it, then you can create a fund of about Rs 2.36 crore by investing in it. For this, you have to save Rs 300 every day. That is, by saving Rs 300 daily, you will have to invest Rs 9000 in your PPF account every month. At present, a 7.1% interest rate is being given on the PPF account. The PPF calculator shows that a monthly investment of Rs 9000 in a PPF account can grow to Rs 29.2 lakh in 15 years at the current 7.1% interest rate.


Public Provident Fund (PPF) scheme offers triple tax benefits to investors. Not only the amount invested in the PPF account (up to Rs 1.5 lakh/year) can also be claimed for tax exemption under Section 80C of the Income Tax Act, in addition to the interest earned in the PPF scheme at the time of maturity The amount withdrawn also comes under the ambit of tax exemption.

Although the PPF account matures in 15 years, apart from this, customers get a chance to extend their scheme for another 5 years. Investors are allowed to extend the account in blocks of 5 years and earn the interest rate applicable at that time. Using this feature of this very popular savings scheme, PPF subscribers can accumulate a corpus of more than Rs.1 crore during their working years.

Save 300 rupees every day
A monthly investment of Rs 9000 in the PPF account can grow to Rs 29.2 lakh in 15 years at the current 7.1% interest rate. To invest in the PPF account, at the end of the month, only Rs 300 per day will have to be saved and Rs 9000 will have to be deposited. However, salaried employees can invest a higher amount in their VPF account instead of PPF.


Understand calculations like this
If you invest Rs 9000 every month for 20 years, then the total maturity amount will be Rs 47.9 lakh and in 25 years at 7.1% interest, it will be Rs 74.2 lakh.
If you continue investing Rs 9000 every month for 30 years, then the maturity amount can be Rs 1.11 crore.
A PPF account with a contribution of Rs 9000 per month can grow to Rs 2.36 crore in 40 years and Rs 1.63 crore in 35 years at 7.1% interest.
If someone starts investing in a PPF account from the age of 20, then at the time of retirement at the age of 60, his account will be Rs 2.36 crore. (PC. Social media)

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