PPF Interest Rate: Many investment schemes are being run by the government. PPF ie Public Provident Fund is also included in these schemes. If a fixed amount is invested every year in the PPF scheme, then a millionaire can be made. Let’s know about it…
PPF Balance: In today’s era everyone wants to become rich. People also dream of becoming millionaires. However, not everyone’s dreams come true. If you want to become rich then the better way is to invest your money somewhere. Good returns can be earned on your savings through investment. Today we are going to tell you about how to become a millionaire only through safe investment.
PPF
Many investment schemes are being run by the government. PPF ie Public Provident Fund is also included in these schemes. If a fixed amount is invested every year in the PPF scheme, then a millionaire can be made. Let’s know about it…
PPF scheme
PPF is a scheme run by the Central Government. In this scheme, the maturity amount is received after 15 years. On the other hand, if someone wants to continue this scheme further, then it can be extended further in a block of 5-5 years. Along with this, up to Rs 1.5 lakh can be deposited in this scheme in a financial year. At the same time, interest is being given at the rate of 7.1 percent in this scheme.
Millionaire
In such a situation, if a person invests Rs 1.5 lakh every year in the PPF scheme for the next 25 years, then Rs 37.5 lakh will be deposited in this account. At the same time, interest of Rs 65,58,015 will be given on this amount at the rate of 7.1 percent per annum. If both the amounts are added, then after 25 years, Rs 1,03,08,015 can be obtained from this scheme. In such a situation, one can become a millionaire by investing in PPF for 25 years. Amazon Flipkart Best Deal: You get the biggest discount on shopping on Flipkart and Amazon on this day, know these secret tips
