The Public Provident Fund i.e. PPF scheme is very popular among the people for investing. This is a government scheme, in which you can earn a very good profit by investing a little every year. Not only this, you can get returns after maturity even without depositing money in the scheme.
Every person wants to invest his money in a good scheme and wants to earn more profit. For this, people invest their money in different types of schemes. Public Provident Fund i.e. PPF scheme is very popular among the people for investing. This is a government scheme, in which you can earn very good profit by investing a little every year.
Public Provident Fund i.e. PPF scheme
In PPF scheme, you can start your investment with Rs 500 every year. At the same time, the maximum investment limit is Rs 1.50 lakh. The maturity period of this scheme is 15 years but you can also extend it twice for the next 5 years. Talking about the interest rate, it gives a return of 7.1 percent interest rate.
This is how you will earn from interest after PPF scheme maturity
If you invest Rs 1.50 every year in PPF scheme, then after 15 years you will have a total fund of Rs 40,68,209. Now you have to extend this scheme for the next 5 years. Keep in mind that you do not have to withdraw money from your PPF account. In such a situation, after 20 years your fund will become Rs 66,58,288. Now extend it for another 5 years, after which you will have a total fund of Rs 1,03,08,015 after 25 years.
After 25 years, your PPF account will mature and now you will not be able to deposit more money in it but if you do not withdraw your funds, you will continue to get interest at the rate of 7.1 percent annually, which will earn you Rs 7,31,869 every year.
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