If you put 1 lakh rupees every year in public provident fund, how many will be returned after 15 years
Stock market Heavy fluctuations in investors keep the concern of investors, especially small and new investors. Both stock and mutual funds are at risk. In such a situation, if you want an investment with a safe and guaranteed return, then Public Provident Fund (PPF) can be a great option for you.
PPF: A safe and reliable investment
PPF i.e. Public Provident Fund is a government investment scheme run by the Central Government, which ensures complete security of your money. At present, PPF is getting an annual interest of 7.1%. This is an annual compound interest rate. You can open a PPF account in any bank or post office of the country.
PPF special things
- In PPF you have to invest at least ₹ 500 annually.
- Maximum you can deposit up to ₹ 1.5 lakh in a year.
- If you want, you can invest outright or deposit money in installments as well.
- Every year, after depositing ₹ 1 lakh, after 15 years you will get more than Rs 27 lakh.
How much is the tanure?
The PPF scheme matures in 15 years. If you invest ₹ 1 lakh every year, then you will get a total of ₹ 27,12,139 on maturity. It includes a fixed interest of ₹ 12,12,139 in addition to ₹ 15 lakhs you invested by you. Any citizen of India can open an account in this government scheme. You can also start investing in PPF in the name of your minor child. However, keep in mind that only one PPF account can be opened in the name of a person.
(Disclaimer: This article is written only for the purpose of information. Please consult your financial advisor before any type of investment or before taking financial risks. India TV will not be responsible for any kind of risk.)
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