Post Office PPF Yojana: Invest Just ₹1500 per Month to Get ₹2,00,000 Return

Post Office PPF Yojana: Invest Just ₹1500 per Month to Get ₹2,00,000 Return

The Post Office PPF Yojana is a long-term savings scheme that offers a safe and secure way to invest your money. With a minimum investment of ₹1500 per month, you can earn a return of ₹2,00,000 in just 15 years. This scheme is backed by the government, making it a reliable option for investors.

What is the Post Office PPF Yojana?

The Post Office PPF Yojana is a Public Provident Fund scheme that allows individuals to invest a minimum of ₹500 and a maximum of ₹1,50,000 per year. The scheme offers a fixed interest rate, currently at 7.1% per annum, compounded annually. The maturity period of the scheme is 15 years, and investors can extend it for another 5 years.

Benefits of the Post Office PPF Yojana

1. Safe and Secure : The Post Office PPF Yojana is a government-backed scheme, making it a safe and secure investment option.

2. High-Interest Rate : The scheme offers a high-interest rate of 7.1% per annum, compounded annually.

3. Tax Benefits: Investments up to ₹1,50,000 per year are eligible for tax deductions under Section 80C of the Income Tax Act.

4. Low Minimum Investment : The minimum investment required is just ₹500 per year.

5. Flexible Investment : Investors can invest a maximum of ₹1,50,000 per year in multiples of ₹500.

How to Invest in the Post Office PPF Yojana

To invest in the Post Office PPF Yojana, you will need to follow these steps:

1. Visit a Post Office : Visit your nearest post office and fill out the application form.

2. Provide Documents : Provide proof of identity, address, and age.

3. Deposit Amount: Deposit the minimum amount of ₹500 or multiples thereof.

Return on Investment

If you invest ₹1500 per month in the Post Office PPF Yojana, your total investment will be ₹1,80,000 in 15 years. The interest earned on this investment will be ₹2,18,185, making the total maturity value ₹4,00,000.

Conclusion

The Post Office PPF Yojana is a safe and secure investment option that offers a high-interest rate and tax benefits. With a minimum investment of ₹1500 per month, you can earn a return of ₹2,00,000 in just 15 years. If you are looking for a long-term investment option, the Post Office PPF Yojana is definitely worth considering.

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