Government Scheme: If you are also looking for any central government scheme to invest, then today we are telling you about such a scheme, from which you can earn Rs. only Rs. 1 crore by investing Rs. 12,500 every month. The government runs many special investment schemes for the general public, where you can get a good return on your investment. This investment scheme run by the government is called Public Provident Fund. Currently, it is considered as one of the best investment options. You can opt for this scheme in any public bank or post office.
Minimum investment amount is only Rs. 500:
You can invest in PPF at least only Rs. You can start investing by making a deposit. 500 per month. You can pay a maximum of Rs. Can collect. 12,500 per month or Rs. 1.5 lakh per annum. This investment option is known to give good returns and also offers great interest rates. The maturity period of PPF is 15 years, but you can extend it for a period of 5 years at a time.
What interest rate can you get?
At present, investors are enjoying an annual interest rate of 7.1% under this government scheme. The government starts paying interest on a monthly basis every year after March. If you are an adult you can open an account in your own name. In case of children, their parents can open a PPF account on behalf of their children.
Tax Exemption Benefits:
Investors also get the benefit of income tax exemption under this scheme. You can avail tax exemption under section 80C.
In this way you can get Rs. 1 crore on maturity:
To make Rs. 1 crore on maturity, you need to hold a PPF account for the maximum possible tenure, which is 25 years. In these 5 years, you must have deposited Rs. 37,50,000 in total at Rs 1.5 lakh per annum. Computing the interest on this amount at the rate of 7.1% per annum, you can earn Rs. 65,58,012 in interest. In this way you will earn Rs. 1,03,08,012 at maturity, after 25 years. For your information, let us tell you that the PPF account matures after 15 years. However, it can be extended up to 5 years after the standard maturity period of 15 years is over. However, this can only be done twice.
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