Post office: Financial experts say that just as it's important to earn money, it's equally important to invest it wisely. For such people, the central government's Post Office has introduced some great schemes.

For those seeking good returns with security, the Post Office's PPF (Public Provident Fund) scheme is a great choice. Since it's a government-backed savings plan, there's no risk of losing money. It's stable compared to schemes with market ups and downs.

If you invest Rs. 12,500 monthly or Rs. 1.5 lakh annually, you'll accumulate about Rs. 40.68 lakh in 15 years. Your total investment will be Rs. 22.5 lakh, and you'll get Rs. 18 lakh in interest. This entire amount is tax-free.

The specialty of the PPF scheme is that the deposited amount, the interest earned, and the final maturity amount are all tax-free. This“triple tax benefit” is rare. It's a great scheme not just for high-income earners but also for middle-class families.

You don't need a lot of money to open an account in this scheme. You can start with just Rs. 500. The PPF tenure is 15 years, which can be extended in blocks of 5 years. This helps in building a saving habit.

While investing in this scheme, you can also take a loan against your balance if needed. After the initial 5 years, you can make partial withdrawals. This is a useful benefit for emergencies, along with long-term savings.

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