PPF Scheme: In the present, every person wants to become wealthy. People also have dreams about becoming millionaires. But not all dreams are realized. If you’re hoping to be wealthy, investing your money in a place is the better option. You can earn good returns by investing your savings. We will show you how to become a millionaire with safe investments.
The government manages several investment schemes. PPF is part of these schemes. It is possible to become a millionaire by investing a certain amount into it.
PPF Scheme
PPF is a scheme that the Central Government runs. The maturity amount is paid at the end of 15 years. In contrast, if someone wishes to extend the scheme, the duration can be extended further over 5 years. A maximum of 1.5 lakh can be invested within the scheme each financial year. In addition, the interest rate is set at 7.1 percent under this scheme.
Millionaire
In this case, when a person puts Rs 1.5 lakh per year in the scheme over the coming 25 years, 37.5 thousand will have to be deducted from the account. In addition, you will earn interest of 65,58,015 accrued on 7.1 percent per year. If these amounts are combined over 25 years, 1103,081,015 could be earned from this scheme. In this scenario, it is possible to become a millionaire by investing for 25 years.
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