Post Office PPF Yojana: Build a big fund of ₹24,40,926 by depositing ₹90,000
If you are planning for long-term financial security, guaranteed returns, and saving taxes, then Post Office Public Provident Fund (PPF) is the ideal option for you. Starting from just ₹500, this investment helps you build a big fund along with secure returns.
Interest Rate and Investment Process
Interest Rate: 7.1% (as revised by the government from time to time).
Minimum Investment: ₹500 per annum.
Maximum Investment: ₹1.5 lakh per annum.
How to deposit:
Lump sum.
In regular installments (monthly, quarterly, or yearly).
This scheme is available in both post offices and banks, making it extremely easy to start.
15-year tenure and extension option
Tenure: PPF account opens for 15 years.
Extension option: After maturity of 15 years, it can be extended in blocks of 5 years.
This scheme is also ideal for retirement planning due to its long-term savings and safe returns.
How to get ₹24,40,926 return on ₹90,000 annual investment?
If you save ₹250 every day and invest ₹7,500 a month, your annual deposit will be ₹90,000.
Total investment in 15 years: ₹13,50,000.
Total return at 7.1% interest rate: ₹24,40,926.
Profit: ₹10,90,926 (interest only).
This ensures that your regular savings can create a big fund in the long term.
Tax exemption benefits (EEE category)
PPF scheme is one of the schemes in India that falls under the EEE (Exempt-Exempt-Exempt) category:
Exemption on investment: Tax exemption up to ₹1.5 lakh under section 80C.
Exemption on interest: No tax on interest earned.
Exemption on maturity amount: Entire amount is tax-free.
This scheme is an ideal option to maximize your tax savings.
Loan and partial withdrawal facility
Loan facility: You can take a loan up to 75% between the third and sixth financial year depending on the amount deposited in the account.
This helps you meet your financial needs without breaking your savings.
Partial withdrawal:
Partial withdrawal facility is available from the 7th year onwards.
Why invest in PPF scheme?
Safe and guaranteed returns: Government-backed scheme.
Tax exemption: Tax-free benefits at three levels.
Retirement planning: Long-term savings and regular investments create a fund for retirement.
Loan and withdrawal facility: Financial flexibility.
Children’s education and marriage: Easily handle big expenses with planned investments in the long term.
How to open a PPF account?
Offline: Visit the nearest post office or bank branch.
Online: Some banks also offer online facility to open PPF account.
Documents: Aadhaar card, PAN card, passport size photo, and application form.
Conclusion
The Post Office PPF scheme is an ideal option for safe investments and long-term large funds. If you want to secure your future through regular savings, then definitely take advantage of this scheme.
Start investing today and move towards financial freedom!
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