If you invest Rs 12,500 monthly in the PPF Fund, you will get Rs 41Lakh. Know the PPF calculator
PPF Calculator: For Investment, PPF is an amazing option for all. In this scheme, you invest only Rs 12,500 per month. This means you invest 1.50 lakh every month, and you will get a Rs 41 lakh fund. Public Provident Fund attracts people. Cause this scheme is completely secure, didn’t collect tax on return, and the benefits of compounding.
PPF is a long-term savings account run by the Government of India. Annual interest is added to the following year’s amount, a process known as compound interest. Since April 2020, it has been offering an interest rate of 7.1%. Its security and full tax exemption (EEE benefit) make it an ideal investment option for those looking for a safe investment.
If a person deposits ₹1.5 lakh into a PPF account every year, they will earn interest at a fixed annual rate of 7.1%. In 15 years, the total deposit will amount to ₹22,50,000, which, after including interest, will become ₹40,68,209.
