Public Provident Fund: If you intend to make investments under the Public Provident Fund Scheme (PPF Scheme) as well. However, if you’re unsure about how much money you ought to invest each month, well. therefore please don’t worry. We are going to tell you today how much money you would receive by investing ₹1000, ₹2000, ₹3000, and ₹5000 after 15 and 20 years. We would like to inform you that the Public Provident Fund is now receiving 7.1 percent interest. With this interest rate, you can accumulate a sizable sum if you invest for 15 or 20 years. Let’s examine the computation:
A monthly investment of Rs. 1000
After 15 years, if you deposit Rs. 1000 per month in the PPF Scheme, you will receive Rs. 3.25 lakh. In addition, you would receive Rs 5.32 lakh if you invest for 20 years.
A monthly investment of Rs 2000
In addition, after 15 years of investing Rs. 2000 per month in this government initiative, you would receive Rs. 6.50 lakh. In contrast, you will receive Rs 10.65 lakh if you prolong it for a another five years, or after 20 years.
A monthly investment of Rs 3000
You will receive Rs 9.76 lakh after ten years if you invest Rs 3000 every month. In addition, you would receive Rs 15.97 lakh from your investment after 20 years.
A monthly investment of Rs 5000
After 15 years, if you deposit Rs 5000 per month in the PPF plan, you will receive Rs 16.27 lakh. In addition, you would receive Rs 26.63 lakh on your investment after 20 years.
Reaping the Rewards of PPF Investments
We would like to inform you that upon the completion of your PPF account’s maturity, you will get both the interest amount and the original sum you invested. Your whole balance is transferred to the account in the event that it is closed. Let us also remind you that the money and interest you get at maturity are fully tax-free. The government will not impose any tax on this.
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