Create a fund of Rs. 20 lakhs on an investment of Rs. 150, know the savings plan

In today’s world, everyone plans to save for their future. But not everyone has a large savings plan and people try to find out about small savings plans. If you are also interested in small investment instead of big investment, today we are telling you about the Post Office Public Provident Fund PPF Scheme where if you invest Rs 150 daily, you will get only 20 years of employment (Earn) Money) Funds up to Rs. 20 lakhs will be available.

Experts say that if you avoid some unnecessary expenses from daily expenses, you can save up to Rs 100-150. At the same time, if you invest this money in small government savings schemes, you can reap huge benefits.

If you are 25 years old then this is the best chance to get a big return on a small amount. Experts say that if your income is up to Rs 30,000-35,000, apart from any other savings, initially you can save Rs 100-150 per day. These savings can give you an additional fund of over Rs. 20 lakhs at the age of 45, so that you can easily meet your major needs while working.

-If you invest in PPF with the objective of saving Rs 150 per day, it will be Rs 4500 per month.

With an investment of Rs 4,500 per month, the annual investment will be Rs 54,000.

In addition, the total investment in 20 years will be Rs. 10.80 lakhs.

– At 7.1 percent annual compounding, you will find more than 20 lakh funds ready in 20 years.

Benefits of PPF account

-This account can be opened with just Rs. A joint account can also be opened.

– Nomination facility is available only at the time of account opening. Even after the 15-year term expires, it can be extended twice for 55 years.

– Income from this is tax-free. The loan can also be taken on the account from the third financial year. Banks, Post Offices allow you to open a PPF account. This account can be opened for 15 years, which can be extended for 5 years.

– Currently, the interest rate on PPF is 7.1 percent, which is compounded annually. An account can be opened in PPF with a minimum of Rs. In this, it is necessary to invest a minimum of Rs.500 in a financial account, whereas you can invest a maximum of Rs.1.5 lakhs in the account in a year.

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