This government scheme is surprising, 12 thousand rupees are deposited each month and millionaire

In today’s times when the stock market fluctuations became common, the search for safety and certainly returns for investors increased. In such a situation, the public provident fund (PPF) is an option that is not only safe but also has tax profits and insured interest rate. What is PPF? Public Provident Fund (PPF) is a long -term saving scheme supported by the Government of India, launched in 1968. Its purpose is to provide the general public to provide safe saving for retirement. PPF account can be opened in any bank or post office. For the first quarter (April-June) of the current interest rate FY 2025 (April-June), the government set up an annual interest rate of 7.1% on PPF. This rate is revised by the government quarterly, but this rate remains stable from the previous quarters. Investment limit and expensive minimum annual investment: £ 500 Maximum annual investment: £ 1,50,000 account period: 15 years (which can be extended up to 5-5 years block) Interest is calculated and the interest in deposits PPF is calculated on a monthly basis, but it is deposited annually in the account. Interest is calculated at the minimum balance of the 5th of each month to the end of the month. Therefore, investors are advised to invest themselves before the 5th of each month so that they can get interest for the whole month. Tax benefits PPF offers benefits to investors at three levels of tax: Tax exemption of up to £ 1.5 Lakh under section 80c on investment. Earn interest completely tax -free. The amount received on expiration date is also tax -free. Therefore, PPF is placed in the EEE category (exempt Expt-Exmept), which makes it extremely beneficial from the tax point of view. Examples of investment on monthly investment of £ 3,000: the total investment in 25 years is £ 9 Lakh, on which an estimated interest will be £ 15,73,924. The total amount is £ 24,73,924. Monthly £ 6,000 on investment: The total investment in 25 years is £ 18 Lakh, on which an estimated interest will be £ 31,47,847. The total amount is £ 49,47,847. Monthly £ 12,000 on investment: The total investment in 25 years is £ 36 Lakh, on which an estimated interest will be £ 62,95,694. The total amount is £ 98,95,694. Other Benefits Loan Facility: Investors can take a loan on the balance of their account between the third to the sixth year of the PPF account. Partial withdrawal: Partial withdrawal is allowed from the seventh financial year. Nomination facility: Investors can appoint a nominee in their PPF account. Security from Credits: In the case of bankruptcy, PPF account cannot be confiscated by balance credits. Conclusion PPF is a secure, tax -free and insured savings scheme suitable for long -term investment. It is ideal for investors who want to create a strong fund for their retirement. With regular investment and self -control, PPF can play an important role in obtaining your financial future. Share this story -tags