- Advertisement -
Home FINANCE Post Special Scheme: Deposit ₹1 lakh every year, you will get ₹44.38...

Post Special Scheme: Deposit ₹1 lakh every year, you will get ₹44.38 lakh on maturity

0
Post Office Scheme: This scheme will make investment of Rs 5 lakh ₹ 10,51,175, you just have to do this work
Post Office Scheme: This scheme will make investment of Rs 5 lakh ₹ 10,51,175, you just have to do this work

Post Office PPF Scheme: If you are 20 years old and you want to deposit up to Rs 40 lakh in your account by the age of 40, then the PPF scheme of the Post Office can prove to be very helpful. Because it gives safe and guaranteed returns. If you understand in simple language, then the risk will be less and the profit will be strong. The special thing is that tax exemption is available in this scheme, along with this, the interest received on the scheme is also changed every quarter.

Post Office PPF Scheme

  • Investment every year: Rs 1 lakh
  • Tenure: 20 years
  • Interest rate: 7.1%
  • Total amount invested: Rs 20 lakh
  • Total interest earned: Rs 24,38,859
  • aturity amount: Rs 44,38,859

Post Office PPF Scheme

Investment in PPF scheme can be started through post office or any bank. You can deposit at least Rs 500 in the scheme in a financial year. While a maximum of Rs 1.5 lakh can be deposited. Investment can be started by an investor with an investment of Rs.50. Tax deduction is also available on the investment amount under section 80C. Explain that under the IT Act, the amount of interest is tax free.

Benefit of EEE tax exemption on PPF

PPF comes under the category of EEE of tax. That means tax exemption will be available on the entire amount invested in the scheme. Apart from this, the interest received on that investment and the entire amount received on maturity are also tax free. That’s why PPF investment is considered good in terms of long term benefits.

5 year lock in period

For pre-withdrawal, the lock-in period in PPF account has been kept for 5 years. Means money cannot be withdrawn from this account for 5 years after the year of opening the account. After completion of this period, pre-withdrawal can be done by filling Form 2. However, maturity withdrawal cannot be done before 15 years.

-Advertisement-

Exit mobile version