Skip to content
October 3, 2023
  • Income Tax Refund – Important Update, Income Tax Department Seeks Response from Taxpayers
  • Amazon Great Indian Festival 2023: Get Ready for the Ultimate Shopping Extravaganza!
  • Big Announcement Regarding Banks, Major Changes Coming to Banking System!
  • The Women’s Reservation Bill: A Historic Step Towards Gender Equality
Newsletter
Random News
logo

The Informal News

  • Home
  • World
  • NewsNews
    • Tech Newstechnology news
  • FinanceFinance News
  • HealthHealth, Tips for a Healthy life, Daily Health Tips
  • CelebrityCelebrity News
  • Job UpdatesJob Updates
  • Sports
    • Cricket
  • Home
  • Featured
  • Here is How You can earn 1 crore rupees from a PPF account, Know the Process
  • Featured
  • Finance
  • News

Here is How You can earn 1 crore rupees from a PPF account, Know the Process

theinformalnews2 years ago2 years ago06 mins
How to become a crorepati with PPF

PPF Account: Who does not like to earn money? Everyone wants to have a good bank balance. How to be a crorepati for working people is nothing short of a dream. However, your dream can be fulfilled with Public Provident Fund Account (PPF). By investing in it for a long time, you can easily make a fund of up to 1 crore rupee till retirement. If you are thinking of investing in a corona crisis and investing in PPF, then you can invest in PPF. Public Provident Fund or PPF is a government-backed small savings scheme. It is 100 percent risk-free. That is, there is no possibility of loss by investing here. So let’s know how to invest in this scheme and what is the whole process?

Know what is this scheme

Public Provident Fund ie PPF is a popular long-term investment scheme. People invest their money in many places for long-term investment. Good returns can be achieved through better investment. In the same way, people also give a lot of importance to PPF. Through this people get good returns. PPF is getting interest at 7.1 percent compounding annually, which will continue even further. In this, the return is completely tax-free. Therefore, tax is not to be paid on any amount of maturity and interest on it.

Here you will get the best returns

A maximum of Rs 1.5 lakh can be invested in this account in a year and a maximum of Rs 12,500 per month. Apart from FD, good returns can be obtained from this account against many small savings schemes. Also, the returns received in this scheme are guaranteed. The maturity period of the PPF is 15 years, but you can extend it within a period of 5-5 years. For this extension, Form-H has to be submitted. In this, you can deposit up to 1.5 lakh rupees in a year. There is a lock-in period of 15 years. Meaning that in these 15 years, the investor cannot withdraw money.

Here is how There will be a deposit of 1 crore rupees

If we have to collect one crore rupees from this scheme, then we have to make 25 years of this investment. By then, Rs 37,50,000 would have been accumulated as per the annual deposit of Rs 1.5 lakh, on which an interest of Rs 65,58,012 would be made at the rate of 7.1 percent per annum. At the same time, the maturity amount would have been Rs 1,03,08,012 by then. Explain that the maturity of the PPF account is 15 years. If the matter is to extend this account for 15 years, then according to five-five years this account can be extended for further years.

Also, Read This: You can Earn 20 Lakh Rupees by Saving Rs 131 Daily, Know Everything about this Scheme

Why this is a better option?

-Now 3 to 3.5 percent annual interest on most bank’s savings accounts. However, some banks also pay around 6 percent interest on a savings account.
– Interest on 5.5-year 6.25 percent on 5-year bank FD.
– In the circumstances of uncertainty, returns will be given only according to the interest fixed. While there is a risk of drowning of investment in the capital market.
– In mutual funds, there has been a decline of more than 20 percent in every category of equity segment during the last 1 year.
–  23% drop in the equity market in 1 year.
–  Guarantee of security on every penny deposited in the post office. Whereas in banks, insurance is available only in the amount up to 5 lakhs. That is, if the bank is drowned then only your amount of 5 lakhs will be safe.

Post Views: 21
Tagged: PPF Account Public Provident Fund the informal news theinformalnews

Post navigation

Previous: SBI Clerk Recruitment 2021: Recruitment of 5237 clerk posts in SBI, See Details
Next: IRDA: Arogya Sanjivani will get a cover of up to 10 lakhs from May 1

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Related News

Income Tax Refund

Income Tax Refund – Important Update, Income Tax Department Seeks Response from Taxpayers

theinformalnews1 week ago1 week ago 0
Big Announcement Regarding Banks

Big Announcement Regarding Banks, Major Changes Coming to Banking System!

theinformalnews2 weeks ago2 weeks ago 0
  • Income Tax Refund – Important Update, Income Tax Department Seeks Response from Taxpayers
  • Amazon Great Indian Festival 2023: Get Ready for the Ultimate Shopping Extravaganza!
  • Big Announcement Regarding Banks, Major Changes Coming to Banking System!
  • The Women’s Reservation Bill: A Historic Step Towards Gender Equality
  • What is the PM Vishwakarma Yojana? How much loan can I get, and how do I apply?
The Informal News updates you with the latest News Headlines, Cricket, Politics, Celebrity, Technology, Finance, Health & Job alerts 2023. Powered By BlazeThemes.
  • Home
  • Privacy Policy
  • Disclaimer
  • Terms Of Use