PPF Scheme: If you want to become a millionaire, this news can be special. Let us tell you that a special scheme is being run by the government. Under this scheme, you can become a millionaire by investing a small amount. This is a government scheme, so there is no risk of any kind in it. Along with this, the return is also very good. Many people are looking for safe investments. In such a situation, those people can invest in the PPF scheme.
PPF is a government scheme. By investing in it, you can deposit funds worth lakhs of rupees. PPF is a government scheme. Investing in it can make you a millionaire in just 25 years. Anyway, the maturity of this scheme is done in 15 years.
At the same time, investors can extend it twice for 5-5 years. In the PPF scheme, the benefit is available under Section 80C of Income Tax. In this scheme, guaranteed return is received on maturity. Let’s know about this scheme in detail.
Interest received in PPF scheme
Let us tell you that to invest in PPF scheme, it is very important to know the interest rate of the scheme. An annual interest of 7.1 per cent is received in the PPF scheme. This interest rate has been available for a long time. By opening an account in PPF scheme, you can invest a minimum of 500 rupees and a maximum of 1.5 lakhs in 1 year.
How much return is received in PPF
If you open an account in the scheme, you get a return in the tenure of 15 years. If you invest Rs 7500 monthly, then if you invest Rs 90 thousand in 1 year, then you get an annual interest of 7.1 percent on the investment amount.
How can you become a millionaire?
If you open a PPF account at the age of 30, you can extend the PPF account three times. In this situation, the PPF account holder will invest in the PPF account for 30 years. In such a situation, let us assume that investors invest up to 1.5 lakh rupees every year in their PPF account. After 30 years, the amount of PPF will be quite substantial.
