Ppf calculator: PPF i.e. Public Provident Fund is a government investment scheme. PPF is a scheme run by the Central Government, in which any Indian citizen can invest. PPF account can be opened in any bank in the country. Apart from banks, you can also open a PPF account in the post office. PPF account can be deposited from Rs 500 to Rs 1.5 lakh annually. There are many special things about this account. If you want, you can invest out of it annually or deposit money in installments.
7.1 percent annual interest is available on PPF
The central government is currently paying an annual interest of 7.1 percent on PPF. In this scheme, at least Rs 500 and maximum Rs 1,50,000 can be deposited annually. This scheme matters in 15 years. However, it can be carried forward for an interval of 5-5 years. In this way the PPF account can be run for a maximum of 50 years. Keep in mind that it is mandatory to deposit at least 500 rupees every year to run the PPF account continuously. If you do not deposit at least 500 rupees in it for a year, then your account will be closed.
Loan facility is available with investing in PPF scheme
You can also get a loan facility on PPF account. With PPF scheme, investors can get 25 percent of the total amount deposited in the account as a loan. You can withdraw 50 percent amount once after 5 years of opening a PPF account. If you invest Rs 1 lakh every year in PPF account, then after 25 years, a total of Rs 68,72,010 will be available with a guarantee. This includes Rs 25,00,000 for your investment and Rs 43,72,010 of interest. For more information related to PPF scheme, you can visit your nearest bank or post office
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