Diabytes
Post Office PPF News
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The maturity period in the programme is 15 years.
Investors can extend 5-5 years twice.
If you opt to invest Rs 417 per day, you have Rs 1.03 crores in your hand after 25 years.
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Post Office scheme gives you attractive interest rates of 7.1 percent.
If you invest Rs 471 daily, you can get great returns after a few years.
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One can invest a minimum of Rs 500 in a financial year in the Post Office PPF scheme.
The maximum per financial year limit is Rs 1 lakh 50 thousand.
Adult Indian citizens can directly open their PPF accounts.
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You can save about Rs 150 per day to invest about Rs 4500 per month in the Post Office Public Provident Fund.
This means that you will invest Rs 54,000 in a year.
In 20 years, your investment will be Rs 10.80 lakh.
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If you transfer funds to an IPPB account, you can directly pay the premiums for any of the nine schemes offered by the Post Office.
Some of the most popular schemes offered by the Post Office are Recurring Deposit, PPF, and Sukanya Samriddhi Scheme.
Investors can also get income tax benefits under Section 80 C of the Income Tax Act.
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