The public provident fund protects the amount of investment and gets great returns.
PPF is one of the most popular small saving schemes in the country.
By saving small amounts for this scheme, you can deposit a fat fund for yourself.
This way you will invest Rs 12,500 every month and Rs 1,50,000 annually.
This way you invest money in about 25 installments for 300 years and deposit a total of Rs 37,50,000.
After 25 years, you will be given an amount above 1 crore at the time of maturity, including interest on the deposit.
The interest on the amount of investment in PPF and the amount on completion of maturity are tax free.
You can start investing in this scheme from Rs 500. The annual maximum investment limit is Rs 1.5 lakh.
You can open a PPF account at almost all government and private banks in the country, including the post office.
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