Post Office Superhit Scheme: Earn 1 crore by investing Rs 12000 a month, know the method


Post Office Scheme: If you know how to invest money properly then there are many such schemes which can make you rich (how to earn money). One such scheme is the Public Provident Fund (PPF) scheme of the post office. This scheme of the post office helps a lot in creating a large corpus ie fund in the long run.

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Safest investment

The specialty of this scheme is that your investment in it is completely safe. It is not affected by the ups and downs of the market. These interest rates are decided by the government, which are reviewed on a quarterly basis. At present, 7.1 percent interest is being received annually on the PPF scheme in the post office.

Account can be opened in bank branch

You can open a Public Provident Fund (PPF) account at a post office or a bank branch. This account can be opened with just Rs.500. In this, up to Rs 1.50 lakh can be deposited annually. The maturity of this account is 15 years. But after maturity it can be extended further in the bracket of 5-5 years.

Will make crorepati by investing Rs 12,500 every month

If you deposit Rs 12,500 every month in a PPF account and maintain it for 15 years, you will get a total of Rs 40.68 lakh on maturity. Your total investment in this will be Rs 22.50 lakh, while Rs 18.18 lakh will be your interest income. This calculation has been done assuming an interest rate of 7.1 per cent per annum for the next 15 years. The amount received on maturity can change if the interest rate changes. The interest earned in PPF is compounded.

This is how the profit of crores will be

If you want to become a millionaire from this scheme, then you have to extend it twice for 5-5 years after 15 years. That is, now your investment period will be 25 years. In this way after 25 years your total money will be Rs 1.03 crore. Your total investment in this period will be Rs 37.50 lakh, while you will get Rs 65.58 lakh as interest income. Keep in mind that if you want to extend the PPF account, then you have to apply one year before maturity. The account cannot be extended after maturity.

get tax benefit

The biggest advantage of PPF scheme is that it gives tax benefits under section 80C of Income Tax. In this, deduction can be taken on investment up to Rs 1.5 lakh in the scheme. PPF interest and maturity amount are also tax free.

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