Tuesday, 02 January 2024 12:17 GMT

Post Office PPF Scheme: Rs 12,500 Can Grow Into Rs 40 Lakhs


(MENAFN- AsiaNet News)

Invest Rs 12,500, Get Rs 40 Lakh Return: You can earn up to Rs 40 lakh by investing just Rs 12,500 in the Indian Post Office's PPF scheme, which offers 7.1% interest. Let's dive into the details of this awesome scheme.

The Post Office's Public Provident Fund (PPF) is a top choice for long-term savings, offering 7.1% interest. The interest and maturity amount are totally tax-free.

Invest Rs 12,500 monthly for 15 years. Your Rs 22.5 lakh deposit grows to over Rs 40 lakh with 7.1% interest, ensuring great long-term financial security.

This scheme offers more than returns. You can get a loan after one year and make withdrawals after five years, providing financial help during emergencies.

Why choose PPF?

1. Safety (govt-backed).2. Tax savings.3. Long-term wealth creation.(Note: This is for information purpose only. Consult a financial advisor before investing.)

MENAFN01102025007385015968ID1110134713

Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.

Search