In this uncertain era, it has become necessary for everyone to save. Without this, it will be very difficult to deal with the coming crises. Today we are going to tell you about that Savings Scheme. By adopting which you can get 15 lakh rupees.
You can start with 500 rupees
If you also want to get this 15 lakh rupee, then you have to do a small work. You need to start investing in Public Provident Fund (PPF) from now on. If you want, you can start it with an amount of 500 rupees every month. However, to get 15 lakh rupees, you have to invest 5 thousand rupees every month i.e. 60 thousand rupees in a year.
The scheme is for 15 years
This current scheme of PPF is getting interested at the rate of 7.10 percent. This investment scheme is for 15 years. When this period is over, you will get Rs 9 lakh principal and interest of Rs 6 lakh 77 thousand i.e. about Rs 15 lakh 78 thousand.
Government of India runs this scheme
Let us inform you that the Government of India runs the PPF scheme to promote savings among the people. This scheme with a tenure of 15 years is considered a safe investment. In this scheme, during illness or another emergency, you can also make a partial withdrawal of some amount after 5 years.
You can invest up to this amount
It is also worth knowing that you can invest up to 1.5 lakh rupees annually in PPF. Due to this the amount you will get after 15 years will also be huge. However, you have to take special care that you keep paying your monthly installments regularly. If you do not contribute to PPF for one year, your account may get closed.