If you are looking for a long-term investment option that gives good returns, then Post Office Public Provident Fund (PPF) can be a good option.
Post Office Scheme: If you do not want to invest because you are afraid that you may lose your money, then it will be better for you to invest in Post Office Savings Schemes. It is considered safest to invest money here as it comes with government security.
There are some schemes in the post office, which can give you good profits in a few years. If you are looking for a long-term investment option that gives good returns, then Post Office Public Provident Fund (PPF) can be a good option.
Interest is available on Post Office PPF
Post Office Savings Scheme PPF offers 7.1 percent compound interest annually. The maturity period of this plan is 15 years. After that it can be extended for another 5 years. If you do not need the money after 15 years, then you can go ahead with this fund.
can invest so much
You can invest a maximum of Rs 1.50 lakh every year in this scheme. Instead of depositing Rs 1.50 lakh in a year, you can also deposit Rs 12500 monthly. Apart from this, you can also get tax exemption on PPF under Section 80C of the Income Tax Act.
The money earned on its interest is not taxed. On an investment of Rs 22.5 lakh in a savings scheme, on maturity of 15 years, you get an interest of Rs 18 lakh.
can get so much interest
If you invest Rs 12,500 in this scheme every month, you will get Rs 1.50 lakh in a year. At the same time, in 15 years, the total investment will become Rs 22.50 lakh, on which you will get an annual interest rate of 7.1 percent. At the time of maturity, the total fund will be Rs 40.70 lakh, with the benefit of interest of Rs 18.20 lakh.
Will get this much money after 25 years
On depositing Rs 12,500 per month for 25 years, the amount of 40.70 lakhs becomes more than double. If the annual interest rate on this is applicable from 7.1 percent, then the total investment amount in 25 years is Rs 37.50 lakh. And with the benefit of interest, Rs 62.50 lakh will be available, that is, Rs 1.03 crore will be available on maturity.
