If you are of the kind that believes in “paisa hi paise ko kheechta hai”, then the Public Provident Fund (PPF) scheme is your fairy dust! Here we go to learn how you can convert small investments into lakhs!
What is PPF
PPF is like your permanent savings partner for the long run. It is an extremely secure government of India scheme that allows you to save money for an uncertain day, a comfortable retirement, or any goal you wish. It can be as low as Rs 500 annually and as high as Rs 1. 5 lakh. And on top of that, it has the added benefit of tax deductions—what’s not to like?
Alright, let us look at the interesting part. Do you have an idea of how much your capital is capable of expanding? That is where the PPF calculator will come in handy for you. It gives you the exact amount you will have at the end of the 15 years based on your investment.
PPF calculator
For instance, if you begin investing Rs 5,000 per month in a PPF account, then after 15 years, you will have Rs 15,77,841 ready for use. Thus, putting Rs 9,00,000 over the years for investment the interest earned will be around Rs 6,77,840.
Want to aim higher? If you invest Rs 7,500 every month, then at the end of exactly 15 years, the total sum will be Rs 23,66,757 including interest of Rs 10,16,758. Isn’t that just amazing?
Therefore, no matter if you long for a comfortable retirement or desire to watch your funds increase, it is rational, secure, and highly beneficial to invest in PPF. Begin with a little amount of capital, set your goals high and witness your wealth increase.
PPF Calculator: If you are the one who believes in “paisa hi paise ko kheechta hai” then this sceme is just for you. Let your Rs 5000 investment turn into 15 lakhs through PPF. Personal Finance Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
