Central Government Scheme PPF: There is great news for those investing money in PPF Scheme. Many types of schemes are run by the central government. If you also invest money in PPF scheme, then now you will get full Rs 42 lakh.
PPF Scheme Latest Update: There is great news for those investing money in PPF Scheme. Many types of schemes are run by the central government. If you also invest money in PPF scheme, then now you will get full Rs 42 lakh. Yes… Let us tell you that Public Provident Fund is the best option for investing money in today’s time. In this, you get a guarantee of money from the government. Along with this, good returns are also available.
Best option for long term
PPF Scheme is the best option to invest money according to long term. You can invest up to Rs 1.5 lakh in it every year. In this you get the facility of compounding interest. Along with this, the ups and downs of the market do not have any effect on such government schemes.
How to get 42 lakh rupees
if you invest 5000 rupees every month in PPF scheme. So your investment for the whole year will be Rs.60,000. If you invest it for 15 years, then your money on maturity will be 16,27,284. If you extend the deposit for the next 10 years in a term of 5-5 years, then after 25 years your fund will be around 42 lakhs (Rs 41,57,566). In this, your contribution will be Rs 15,12,500 and interest income will be Rs 26,45,066.
Where can you get it done?
You can start investing in the Open Public Provident Fund scheme with a minimum of Rs 500. You can open it from your nearest post office or bank anywhere. From January 1, 2023, the government is giving the benefit of interest at the rate of 7.1 percent in this scheme and the maturity of the PPF scheme is in 15 years.
There is also a chance to increase it in the block.
In this scheme, account holders can apply to increase it in blocks of 5-5 years. In this, he also gets the option of continuing the contribution or not.
You can also apply for loan,
you also get the benefit of tax exemption in PPF scheme. In this scheme, you can take advantage of tax exemption under section 80C. The amount earned through interest in this scheme is also tax free. After completion of 5 years in this scheme, you can also apply for a loan.
