PPF Investment Benefits! Save only 100 rupee per day and get 10 lakh on maturity. know full details

Jyoti — Mon, 14 Oct 2024 11:01:03 +0000

In today’s time, in this era of inflation, everyone wants to save some amount of their income and invest it in a place where they not only get a good return but also the money is safe.

In this case, PPF Scheme is quite popular and along with getting more than 7 percent return, the government itself guarantees the safety of your investment. If you look at a calculation, you can raise Rs 10 lakh through this government scheme by saving just Rs 100 every day. Let’s know how…

15 years maturity and benefit of compounding

There are many such schemes available in the market in terms of investment, which are offering great returns. However, the risk factor is also high in most of them. But there is no chance of risk in PPF investment, rather the government itself protects your investment. This account matures in 15 years and if the investor wants, he can extend it further. Apart from this, another benefit makes it popular as the best option, which is compounding, yes, the return on investment in PPF is given according to compound interest.

By opening an account in this government scheme, you can start investing with just Rs
500 per year and can deposit a maximum of Rs 1.50 lakh in a year. If we look at the interest rate on investment in this, an interest rate of 7.1 percent is offered. However, it keeps getting changed by the government. The special thing is that by investing in this scheme, you can get more interest than the fixed deposit (FD Scheme) of many banks.

Now if we look at the calculation of getting Rs 10 lakh

by saving Rs 100 daily, then according to this, you can save Rs 3000 every month and your saving for one year will be Rs 36,000. Now if we look at the PPF calculator, if you invest in this manner till the maturity period of 15 years, then you will get a total of Rs 9,76,370. In this, the investment made by you will be Rs 5.40 lakh, while the interest given by the government will be Rs 4,36,370.

You will get 15 lakh rupees in 20 years.

Now as mentioned, you can extend your PPF investment even after maturity, so if this investment is continued for 5 years, then you will get more than double the return. You will invest a total of Rs 7,20,000 in these 20 years and you will get Rs 8,77,989 from the interest only. In such a situation, by saving just Rs 100 per day, you will have a fund of Rs 15,97,989 in 20 years.

Public Provident Fund: You will get 25 lakh rupees by investing 100 rupees in PPF, definitely check the details

Pravesh Maurya — Tue, 13 Sep 2022 12:45:40 +0000

PPF investment benefits: There are dozens of schemes to save tax and invest, but Public Provident Fund is still considered the best option. Despite the low interest rate, PPF has many benefits.

If you deposit money in this scheme, then investment is also happening and tax is also being saved. It can be availed by both Employed and Self Employed people. The government guarantees the security in this savings scheme and the returns are also guaranteed. At present, interest of 7.1 percent is available on PPF.

Equity mutual fund at number one-

Recently a Financial Freedom Survey came. Accordingly, equity mutual funds are the first choice for retirement. This is followed by the Employee Provident Fund and then the Public Provident Fund. PPF gives very good returns in the long term. If you are also planning for your retirement, then start depositing money in this scheme from today, then the retirement fund will be huge.

Maturity in 15 years-

The maturity of PPF is 15 years. Even after that, it can be extended in an interval of 5-5 years. Let’s say you are 35 years old. You have decided to invest in PPF for retirement. For the coming tomorrow, you deposit Rs 100 on a daily basis, which is a very simple amount. In such a situation, when you are 60 years old, you will get a total of 25 lakh rupees which will be completely tax free.

25 lakh will be available in 25 years-

If you want to extend this scheme for 25 years, then in the end you will get 25 lakh 8 thousand 284 rupees. During this, a total of Rs 912500 will be deposited from your side and a total of Rs 1595784 will be received as interest. The most important thing is that this amount will be completely tax free.

Tax benefits are available at every level-

Public Provident Fund comes under EEE category. By investing in it, you get the benefit of deduction under section 80C. The interest income on maturity and the maturity amount is completely tax free. Talking about other schemes, returns are definitely higher in mutual funds, but up to 20 percent long term capital gains tax is levied.

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