It offers an annual interest rate of 7.1%. After maturity of 15 years, you will get tremendous returns on it. Anyway, the post office offers many types of saving schemes. Under this, you are given a safe and guaranteed return.

If you deposit your money under the PPF scheme in the post office, then under 80C you also get a tax deduction of up to Rs 1.5 lakh. Along with this, there will be no tax on interest income. In this scheme, you can deposit the deposit amount either in lump sum or in installments. If you deposit 5000 rupees every month under Post Office PPF, then you invest 60000 rupees in a year.

In this context, you deposit a total of 9 lakh rupees for 15 years. Adding interest of 7.1% per annum on this, then the investment amount will increase to Rs 16,27,284 on maturity of 15 years. That is, during the period of 15 years, Rs 7,27,284 was earned from interest. There is a facility to extend this account further in the bracket of 5-5 years after maturity. Security is guaranteed on every penny you deposit in the post office.

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