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If you deposit Rs 1 lakh every year in PPF, how much money will you get after 15 years? Let’s find out  – Times Bull

If you deposit Rs 1 lakh every year in PPF, how much money will you get after 15 years? Let’s find out 

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The Indian stock market is facing another major drop today. This ongoing slump is hitting not just stock investors but also those in mutual funds, leading to significant losses in their portfolios. Small investors are feeling the brunt of this decline the most.

 

Newcomers to the market are also feeling anxious about the situation. If you’re looking for a safer investment option that offers guaranteed returns without the high risks of the stock market, you might want to check out the Public Provident Fund (PPF).

 

You can invest up to Rs 1.5 lakh in a year.

 

PPF is a government-backed investment scheme managed by the central government, which means your money is secure. Right now, PPF offers an annual interest rate of 7.1%. You can open a PPF account at any bank across the country or even at a post office.

 

To get started, you need to invest a minimum of Rs 500 each year, with a maximum limit of Rs 1.5 lakh. You can make your contributions in a lump sum or in installments.

 

The PPF scheme has a maturity period of 15 years. If you invest Rs 1 lakh annually, you’ll receive a total of Rs 27,12,139 upon maturity, which includes your Rs 15 lakh investment plus Rs 12,12,139 in interest. Any citizen can open an account under this scheme, and you can even set one up for your minor child. Just remember, only one PPF account can be opened per person.

 

Desclaimer: For any financial invest anywhere on your own responsibility, Times Bull will not be responsible for it.

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