Post Office: Whenever it comes to investment, people are always looking for a scheme in which they can get the benefit of higher interest rates in a shorter period of time so that the returns at maturity are quite high. For this, people turn to post office savings schemes because in these the customers get the benefit of very high interest rates.
Among post office savings schemes, PPF scheme is giving the best interest rate to the customers and by investing in it, you can save a lot of money for yourself in future. In this scheme, customers have to invest a fixed amount every month for a period of 5 years and the post office gives you the benefit of strong interest rates on this money. Let us know the complete information about the PPF scheme of the post office and tell you how you can get more benefits by investing in this scheme.
Benefit of compounding in PPF scheme
Customers can also start by investing Rs 500 every month in the PPF scheme run by the post office. In this scheme you also get the benefit of interest on interest due to which the maturity amount becomes much higher. At present, customers are being given the benefit of interest at the rate of 7.1 percent on investing in this scheme.
After investing in this scheme, you are also given the benefit of compounding. For this reason, people are investing more in this scheme so that they can get strong returns through compounding. To invest in this scheme, you will have to go to the post office and open your account in this scheme from there. Any permanent citizen of the country can open an account under the scheme.
Post office provides loan facility
If you invest in the PPF scheme of the post office, you are also given the benefit of income tax exemption. In this scheme, you can invest Rs 500 every month, but talking about maximum investment, you can deposit a maximum of Rs 1 lakh 50 thousand in a year in this scheme.
After investing in the scheme, you are also given loan facility from the post office. In this scheme, up to 25 percent of the amount you invest is given to you in the form of loan. When you start investing in this scheme, the benefit of loan is given by the post office after completion of one year of the account. When the investment period of 3 years in this scheme is completed, up to 75% of the total investment is given as loan by the post office.
what is the investment period
The post office gives customers the option to invest in its PPF scheme for a period of 5 years. You are given the benefit of maturity only after 5asl. There is a lock-in period of 5 years for investment in this scheme and only after its completion, the benefit of returns is given to you by the post office.
You will become rich by depositing Rs 10,000 every month
In this post office scheme, you can become rich by depositing a little money every month. If you invest Rs 10,000 every month in this scheme, then in the coming time you will get a huge amount in your hands. With this scheme you get the benefit of very good interest rate on the investment amount.
If you are investing Rs 10 000 every month in this scheme, then at the time of maturity the post office gives you a benefit of Rs 15,77,822. However, in this scheme you can extend the tenure of 5 years also. To get more benefits in this scheme, you will have to invest for a period of 15 years, only then you will earn big money.
