Everyone wants some part of his earnings to be safe and he also gets good returns. If you are looking for such a scheme, then the government’s Public Provident Fund (PPF) scheme can be the best option for you. This scheme not only keeps your money safe, but also opens the way to make you a crorepati in the long run. Here’s how you can create a big fund with PPF and earn good monthly income.
What is PPF?
Public Provident Fund (PPF) is a better investment option for the long term. You can invest up to Rs 1.50 lakh per annum, i. e. Rs 12,500 per month The scheme fetches an interest rate of 7.1% per annum. The maturity period of PPF is 15 years, but you can extend it twice for 5-5 years.
How to invest in PPF?
If you invest Rs 1.50 lakh every year in a PPF scheme, your total investment in 15 years will be Rs 22.50 lakh. You will get an interest rate of Rs 18.18 lakh at an interest rate of 7.1%. That is, after 15 years you will have a total of Rs 40.68 lakh.
If you extend this scheme for another 10 years, i. e. you invest Rs 1.50 lakh per year for a total of 25 years, your total investment will be Rs 37.50 lakh You will get a return of Rs 65.58 lakh. The result? After 25 years you will have a wealth creation of Rs 1.03 crore.
How to earn Rs 61,000 per month?
To earn a passive income of Rs 61,000 per month from the PPF scheme, you will have to keep your funds in the account after 25 years without withdrawal. The 7.1% interest rate will give you an interest rate of Rs 7.31 lakh per annum, which will earn Rs 61,000 per month.
Why should you choose PPF?
PPF (Public Provident Fund): PPF (PPF) is a government-backed scheme that protects your money.
- Tax benefit: Investment in PPF offers tax benefits.
- Long-term wealth: This scheme helps in creating a big fund in the long run.
If you are looking for a safe and reliable investment, then PPF is the best option for you. It not only keeps your money safe, but also gives a chance to fund crores of rupees and earn good money every month in the long run. Open a PPF account in your nearest bank or post office today and strengthen your financial journey!
