If you are looking for a scheme for investment, in which there is no risk and the profit is also better, then Public Provident Fund (PPF) can be a better option. Any Indian citizen can invest in this scheme. A maximum of Rs 1.5 lakh can be deposited annually in PPF and a minimum of Rs 500.

This scheme is for 15 years and gets the benefit of compounding. At present, interest is being received on PPF at the rate of 7.1 per cent. If you also want to invest in this scheme, then know here how much return you will get on monthly investment of Rs 2000, 3000, 4000 and 5000?

Profit on investment of Rs 2000

According to PPF Calculator, if you invest Rs 2000 per month in PPF, then you will have an investment of Rs 24,000 in a year. In this way, in 15 years you will invest a total of Rs 3,60,000. But according to the compounding interest of 7.1 percent, Rs 2,90,913 will be received. In this way, a total of Rs 6,50,913 will be received at the time of maturity.

On investment of Rs.3000

If you deposit 3000 rupees monthly in PPF, then you will invest a total of 36000 rupees in a year. Rs 5,40,000 will be deposited in 15 years and Rs 4,36,370 will be received as interest. In this way, when your scheme matures after 15 years, then you will get Rs 9,76,370.

4000 on investment of Rs.

On the other hand, if you invest Rs 4000 in PPF every month, then your annual investment will be Rs 48,000. In this way, in 15 years you will invest a total of Rs 7,20,000. If you calculate the interest according to 7.1 percent, then you will get Rs 5,81,827 as interest on the investment made. At the same time, the maturity amount will be Rs 13,01,827.

On investment of Rs 5000

If you deposit 5000 rupees every month in PPF, then a total of 60,000 rupees will be deposited in a year and in 15 years your investment of 9 lakhs will be done in this scheme. Talking about interest on this, according to the current interest rate, Rs 7,27,284 will be received as interest. In this way you will get Rs 16,27,284 on maturity through this scheme.

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Income Tax Department issued an alert by tweeting

The Income Tax Department has issued an alert through its official Twitter handle on Tuesday that it is mandatory for all PAN card holders to link their PAN with Aadhaar, otherwise your PAN card will be deactivated. This alert has been issued in the tweet, ‘As per the Income Tax Act, 1961, it is mandatory for all PAN holders, who do not fall in the exempted category, to link their PAN with Aadhaar before March 31, 2023. Otherwise, from April 1, 2023, your PAN card will be deactivated. Urgent notice. Don’t delay, link it today itself.

To link PAN with Aadhaar, first one has to visit the Income Tax website.

After this you have to visit the website ‘e-filing’ section.

After this you have to click on the option of ‘Quick Links’.

After this you have to click on the option of ‘Link Aadhaar’.

After this you have to enter PAN, Aadhaar Number and your name.

After this you will get OTP on the registered mobile number. After entering this, Aadhaar and PAN will be linked.

You can also link PAN through SMS

You can also link your PAN card with Aadhaar through SMS.

For this you have to send SMS to 567678 or 56161 from your registered mobile number.

The format of the SMS will be UIDPAN<space><12 digit Aadhaar Card><space><10 digit PAN>.

If the name and date of birth in your Aadhaar card and PAN card are the same, then your PAN will be linked to Aadhaar.

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PPF account is opened for 15 years. In this you get the benefit of compounding. At present, interest is being received on PPF at the rate of 7.1 percent. But suppose that due to some circumstances you are not able to continue the PPF account and want to close it before maturity, then what are the terms and conditions for the same. Know about it here.

Can be closed after 5 years

In some special circumstances, you are allowed to close the PPF account prematurely. But for this also your account should be at least 5 years old. You can only take PPF loan before completion of 5 years, cannot get it closed. Also, you must have one of the prescribed reasons to close the premature account. Know the conditions-

• If there is a medical emergency and you need money for the treatment of yourself or a family member.
• If you need money for your own higher education or higher education of your child. 
• The account can be closed before maturity even in case of death of the account holder. In this situation the 5 year rule does not apply.
• If you withdraw before the account matures, then the money will be returned by deducting 1% interest.

Written application required

For premature closure of PPF account, you have to submit a written application to the home branch of the bank account. In this application, you have to tell the reason why you are closing the account. Meanwhile, you have to attach some documents along with the application. It should have a copy of PPF passbook.

Also, if you are closing the account for the treatment of illness, then the documents given by the medical authority, if you are closing the account for higher education, then the receipt of fees, bills of books and documents confirming admission and in case of death I have to attach death certificate. After the verification of the documents, the application for closure of the account is accepted. After this your account is closed but the penalty amount is deducted.

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You must have known about the facilities available from the Post Office. Through this, many things are done like sending money orders, sending stamps and stationery, sending and ordering posts, opening small savings accounts. The government is also continuously expanding the facilities of the post office.

At present there are about 1.55 lakh post offices in the country. But there are many areas of the country where post office facility is not available yet. Keeping this in mind, India Post has started the scheme of giving Franchise Scheme to the Post Office. Through this you can also take the franchise of the post office. It can become a successful business model and can also generate good earnings. You may have many questions related to this scheme, we will try to understand some of them here.

What is Post Office Franchisee Scheme?

Under this scheme, the post office provides the facility of two types of franchisees, in which one is a franchised outlet and the other is a franchise of postal agents. You can take any of these franchises. Under Outlet Franchisee, it can be opened in such areas where there is no post office. Postal Agents Franchisees have agents who deliver postal stamps and stationery door to door in urban and rural areas.

What is qualification?

Under this scheme, any Indian citizen can open a post office by completing a basic process. Applicant’s age should be at least 18 years. No member of his family should be in India Post Department. To take this franchise, the applicant must have passed 8th from a recognized school.

How much will it cost?

The cost of outlet franchise is less as compared to postal agent, as it mainly involves doing service work. On the other hand, the postal agent costs more because more money is spent in the purchase of stationery items. To open a post office outlet, it is necessary to have an office area of ​​at least 200 square feet. Apart from this, five thousand rupees have to be deposited as security amount.

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People doing private jobs will get benefits

You must have heard most of the employees working inside the private sector saying that they do not even know how their life is going to be after retirement. This is because government employees get pension after retirement whereas it is not so in the private sector. That is why the central government has come out with the Atal Pension Yojana for such people, under which if a person working in the private sector invests even a small amount every month, then he can enjoy the monthly pension of ₹ 1000 to ₹ 5000. can. Atal Pension Yojana has become very popular among the employees working in the private sector.

Atal Pension Yojana was started by the central government in the year 2015 to 16. The scheme proves to be very good for those people who are not able to take advantage of government pension. Any Indian citizen from 18 years to 40 years can get the benefit of Atal Pension Yojana.

Monthly slab likely to change

Under this scheme, a person gets a monthly pension of minimum ₹ 1000 and maximum ₹ 5000. If the information is to be believed, then there is a possibility of this slab ranging from 2000 to 4000, 6000, 8000 and ₹ 10000 monthly in the coming time.

If you are thinking of getting a monthly pension of ₹ 5000, then you have to deposit ₹ 210 every month from the age of 18. If any person joins this scheme at the age of 25, then he needs to deposit Rs 376 there every month.

The post Atal Pension Yojana: Now ₹ 10000 pension will come in the account every month, know the latest updates quickly first appeared on Rightsofemployees.com.