Public Provident Fund: Investment of Rs 1000 per month will become 26 lakhs, here is the trick

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Public Provident Fund: People still have confidence in PPF Investment Public Provident Fund (PPF), which is an investment on which you get good interest, as well as good savings on tax. If you invest 1000 rupees per month in PPF, then it reaches lakhs of rupees. We are going to tell you how you can make a hefty amount of 26 lakhs with a small investment of 1000 rupees in PPF. 

Mantra of Investment in PPF 

PPF account matures in 15 years. That is, after 15 years, the account holder can withdraw all his money. But if you want to keep the account running instead of withdrawing money, then you can also do it very easily. After 15 years, you can extend the PPF account as many times as you like for 5-5 years. During this time, if you want to invest in it every month or you can keep the account running without investing. If you opted for investment without investment, then interest will be paid on the deposit in the account. At present, 7.1 percent interest is being given on PPF. 

How much will be the investment of 1000 rupees a month?

If you invest 1000 rupees every month in PPF, then your small investment can become lakhs of rupees. There are some important things for this, which we are going to tell. First of all, you should start investing in PPF at a very young age. Suppose you started investing at the age of 20. So you can run it till you become 60 years old yourself. Let us know how much investment of 1000 rupees a month will be in the first 15 years and if it is increased for 5-5 years then it will become.

1. Invested for the first 15 years  

PPF invests for a minimum of 15 years at first. In such a situation, if you keep depositing 1000 rupees every month for 15 years, then you will collect a total of 1.80 lakh rupees. In return for this deposit, you will get Rs 3.25 lakh after 15 years. Your interest in this is Rs 1.45 lakh according to 7.1%.

2. Proceeded for 5 years 

Now you carry forward PPF for 5 years, and if you continue to invest 1000 rupees every month, then after 5 years, the amount of Rs 3.25 lakh will increase to Rs 5.32 lakh. 

Also, Read This: Deposit Rs 95 daily in this scheme of Post Office, Rs 14 lakh will be available on maturity

3. Then carried forward for 5 years

After 5 years, if you continue the PPF investment again for 5 years and continue to invest 1000 rupees, then after the next 5 years, the money in your PPF account will increase to Rs 8.24 lakh. 

4. Proceeded for the third time for 5 years

If you extend this PPF account for the third time also for 5 years and continue to invest 1000 rupees, then the total investment period will be 30 years. And the amount in PPF account will increase to 12.36 lakh rupees.

5. Proceeded for the fourth time for 5 years 

If you increase this PPF account for 5 more years after 30 years, and keep investing 1000 rupees a month. In this way, after the next 5 years in your PPF account, that is, in the 35th year, the money in your PPF account will increase to Rs 18.15 lakh.

6. Proceeded for the fifth time for 5 years

After 35 years, you extend the PPF account for 5 more years and keep investing 1000 rupees per month. In such a situation, after the next 5 years in your PPF account, that is, in the 40th year, the money in your PPF account will increase to Rs 26.32 lakh. 

That is, the investment of 1000 rupees that you started at the age of 20 will be Rs 26.32 lakhs till retirement.


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