PPF: The Indian stock market is once again seeing a disastrous decline. Due to this decline in the stock market, the portfolio of not only stock investors but also mutual fund investors is being wasted. This fall in the market is having the worst impact on small investors. Apart from these, those who have come to the market in the market are also very nervous with this decline. If you want a safe investment by staying away from the huge risk of the stock market, where you get fixed returns with a guarantee, you can consider PPF.
Maximum Rs 1.5 lakh can be invested in a year
PPF i.e. Public Provident Fund is a government investment scheme run by the central government. Now this is a government scheme, so your money is completely safe in this. PPF is currently getting an annual interest of 7.1 percent. PPF account can be opened in any bank in the country. Apart from this, you can also start PPF in the post office. Under this scheme, you have to invest at least 500 rupees in a year. A maximum of Rs 1.5 lakh can be deposited in PPF in a year. Let us tell you that you can invest in this scheme along with lump sum investment as well as installments.
If you deposit 1 lakh rupees every year, then how many rupees will you get after 15 years
The PPF scheme matters in 15 years. If you deposit 1 lakh rupees every year in this scheme, then you will get a total of Rs 27,12,139 with a guarantee on maturity. These include a fixed interest of Rs 12,12,139 besides Rs 15 lakh for your investment. Any citizen of the country can open an account in this government scheme. If you want, you can also start investing in PPF in the name of your minor child. Keep in mind that only one PPF account can be opened in the name of a person.
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