PPF Scheme: Every person wants to save some money for his future, but he is not lucky enough. In such a situation, they invest in the wrong place and spend their savings. There is a government scheme under which you can get a return of lakhs by investing only 70 rupees. We are talking about the government’s Public Provident Fund which is also called PPF.
Investing 70 rupees will give you lakhs of rupees
If you want to save something for your old age, then the PPF scheme is great. In this scheme, you can return lakhs by investing only 70 rupees. For this, you have to invest 70 rupees daily, which means you are investing 2100 rupees every month.
According to this, you will invest 25200 rupees every year. If you invest regularly for 15 years like this, according to the 7.1% interest in the government’s PPF scheme, you will get a total return of Rs 6 lakh 83 thousand on maturity.
How can you withdraw money in the middle of residence
If you regularly invest money for your life in the government’s PPF scheme and suddenly need money, then the government allows you to withdraw money as per your need.
If a lot of money is being spent on medical reasons such as the medical of the investor or his nominee, then you can also withdraw the entire money from the PPF scheme at such a time.
If you need money for your child’s higher studies, then you can also withdraw the entire money from your PPF account. If, for any reason, the account holder dies, then in such a situation, the entire money is given to the nominee.
Return Guaranteed
If you have invested your money in the PPF scheme, then rest assured that your money is safe. When your money matures, your entire money will be deposited in your account at the rate of 7.1% interest. This scheme is also guaranteed because it is a government scheme and the government takes care of this scheme.