Many schemes are being run by the government for the benefit of the people. People get the benefit of these schemes on different occasions. At the same time, many schemes are being run by the government for investment. Through these schemes, people get a chance to make safe investments and also earn interest. And today we are going to tell you about one such scheme.

PPF scheme

Actually, the Public Provident Fund (PPF) scheme is being run by the government. This scheme comes under the Central Government. On the other hand, if someone is looking for a safe investment for the long term, then investment can be made in this scheme. Along with this, people also get tax benefit on PPF scheme.

Investment Amount

Under the PPF scheme, people can invest up to Rs 1.5 lakh every year. Along with this, this scheme runs for 15 years. This scheme matures only after 15 years and people get maturity amount along with interest on the amount invested. At the same time, under this scheme, people have to invest a minimum of Rs 500 every year.

Interest

People get interest in PPF scheme. On the other hand, one special thing about the PPF scheme is that the interest rate given on this scheme is reviewed every 3 months. On the other hand, if the central government feels it, then the interest rate can also be changed. At present, 7.1 percent interest is being given to the people by the government on this scheme.

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To keep their future financially secure, people invest in different types of Saving Schemes. People doing jobs many times during the job are not able to plan for after retirement. For such people, the government is running a scheme called Vaya Vandana Yojana. By investing once in this scheme, any person can get pension every month. The amount of pension will depend on the amount of his investment. Husband and wife can also invest in this scheme together.

Pradhan Mantri Vaya Vandana Yojana is for senior citizen investors. The Pradhan Mantri Vaya Vandana Yojana, sold by the insurance company LIC and run by the central government, is for citizens who have crossed the age of 60 years. Senior citizens investing in this get guaranteed monthly pension. The government led by PM Narendra Modi amended the PMVVY scheme in 2020. On 26 May 2020, the Pradhan Mantri Vaya Vandana Yojana ( LIC PMVVY ) was launched afresh by the government led by Prime Minister Narendra Modi .

Full investment is received after 10 years

The last chance to subscribe to the special scheme that guarantees monthly pension is 31 March 2023. The interest on this scheme is fixed at 7.40% per annum, on the basis of interest income on the investment amount, investors get the benefit of monthly pension. Married couple i.e. both husband and wife can apply for this LIC PMVVY after the age of 60.can take advantage of.

If both husband and wife invest Rs 15 lakh each in this scheme, then they will get an annual interest income of Rs 2,22,000 on Rs 30 lakh at the fixed rate of interest. On this basis, every month Rs 18500 will come in his house as monthly pension. If only one person invests 15 lakhs in this scheme, then he gets the benefit of interest income on the investment of about Rs 1,11,000 annually.

On this basis, the person gets income in the form of monthly pension of Rs.9250. The most important thing about the PMVVY scheme is that after 10 years the investor gets back the entire investment amount.

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