PPF Account Start Investing : New year brings new beginning for us. We make many efforts to secure our future. It also becomes very important to invest the hard earned money in the right place.
In such a situation, if you are looking for high returns and a safe investment scheme, then today we are going to tell you about Public Provident Fund.
Special things related to PPF investment
- Investing in PPF is considered very safe as it is protected by the government.
- In this, by investing only 1000 rupees per month, you can get up to 12 lakh rupees.
- At present, the interest rate of PPF is 7.1 percent.
- You can invest a minimum of Rs 500 and a maximum of Rs 1.5 lakh annually in a PPF account.
Know what is the full scheme
If you invest 1000 rupees every month in the PPF account, then in 15 years at an interest rate of 7.1 percent, your investment amount will be Rs 1.80 lakh. For example, on this you will get 1.45 lakh rupees of interest. In the same way, if you invest for a long time, then on completion of maturity period, you can get Rs 12.36 lakh after 30 years.
will get better interest
The first question that comes up while investing is the interest rate. However, the central government keeps on changing the interest rate on the PPF account every 3 months. The interest rate also depends on the economic situation, but usually this interest rate remains between 7 to 8 percent. At present, the interest rate for investing in PPF is 7.1 percent.
Loan facility also available
Loan facility is also provided to you on investing in this scheme. But you will get the benefit of the loan only in the third or sixth year of opening the account. Apart from this, you can also withdraw some money after 6 years of account opening.
