Numerous government schemes attract a lot of interest from investors.In addition to the Tax-Free Government Scheme, these schemes offer additional advantages.Returns on small, risk-free investments in government programs can be substantial.
One such scheme has the potential to generate extremely high returns. To deposit Rs 1 crore, you must invest for 25 years and earn more than Rs 65 lakh in interest. If you put money into it each year or every month, you’ll earn compound interest on it. Under this plan, the maximum amount that can be invested is Rs.1.5 lakh, and it’s tax-free as well.
The Public Provident Fund (PPF), a plan that lets people invest up to Rs.500 and Rs.1.5 lakhs has a 7.1% return on investment per year. Compounding is also advantageous on an annual basis. Under this scheme, the government raises the interest rate by evaluating it every three months. Under this plan, you can open an account at any post office. The maturity period for PPFs is 15 years, but they can be extended for an additional five years.
How to contribute funds to the scheme:
If an investor contributes Rs 12,500 per month, or Rs 1.50 lakh annually, to this plan, the PPF Calculator estimates that the total investment over the course of 15 years will be Rs 40.68 lakh. Investment of 22.50 lakh rupees and interest payment of 18.18 lakh rupees are planned.
The total maturity will be 25 years if it is extended for an additional five years and reinvested once for an additional five years.
A deposit of Rs 1 crore, 03 lakh, 08 thousand would be made into the PPF account. The value in rupees After 25 years, 37.50 lakh will have been invested, but Interest will have been paid out of Rs. 65 lakh, 58 thousand.
