Are you also wanting to invest in something? But don’t know where to invest? Then there is important news for you. If you are thinking of investing, then you can start investing in SBI’s PPF scheme. You will get strong returns by investing in it. If you invest Rs 2500 every month in this scheme, you will get a return of Rs 8 lakh. Let us give you complete information about it.
You will get this much interest in the PPF scheme
Interest rates are changed from time to time, and then the benefit of returns is given to the customers with new interest rates. The State Bank of India currently has a government interest rate of 7.1 percent per annum in the PPF scheme for the years 2024-2025.
Online and offline investment
In this scheme, if you want to invest in this scheme of State Bank, then you can resort to online offline investment for this. In offline, you have to go to the bank and open your account and invest in it. Apart from this, you can resort to internet banking or mobile banking of the State Bank of India to invest online. To invest in a PPF scheme online, you must have a savings account with State Bank.
If you invest Rs 2500 every month in this scheme, then you are given a return of ₹ 8,13,642 at the time of maturity from the bank. On investing 2500 every month, your one-year investment is 30000 rupees, and in the time period of 15 years, you will have to invest a total of ₹ 4,50,000 in this scheme. Now you get the benefit of a strong interest rate and compounding on this. After this, the return on maturity you get is ₹ 3,63,642 from your interest earnings, and the rest of the money you invested is included in it.
Who can invest?
If you are 18 years old, then you can invest in this scheme. Although the name of a child of 10 years or more can also be invested in this scheme, the child is given the benefit of the same interest rate as a savings account. When the child becomes 18 years old, then he gets the benefit of the interest rates available in the PPF scheme.