Make it a rule to invest in this government guaranteed scheme, you will get high returns and become a millionaire in Rs 500!

New Delhi. The central government operates many such savings plans for the citizens, through which a strong fund can be created even with smaller investments. Among these PPF systems, the Public Provident Fund is the most popular. The reason for its popularity is that due to the government guarantee, the amount invested in it remains safe. At the same time, this model also gives investors an attractive return of 7.1 percent.

If you want to save long-term for your future needs, PPF is the best option for you. The public provident fund is a better savings option for professionals and business people.

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Attractive return on investment
You earn compound interest on the money you invest in PPF. This means that the interest for the next financial year is calculated from the amount deposited into your account together with the interest accrued on it. Your money invested in this fund will not be invested in the stock market, so initially you get that fixed return on your investment. However, a limit has been set on investing in this fund. A person can only invest up to 1.5 lakh rupees in their PPF account each year.

You can start investing from 500 rupees
You can invest in the Public Provident Fund Scheme from a minimum of Rs.500. To open a PPF account, you can go to the nearest post office or any bank. Under this scheme, the state is currently paying interest of 7.1 percent. Please note that the term of the PPF system is 15 years. In addition, you benefit from the tax exemption. In addition, after 5 years of starting the investment, you can also apply for a loan for it.

Prepare a fund full of lakhs like this
If you invest 5,000 rupees in the PPF program every month, 60,000 rupees will be deposited into your account in a year. Investing this way over the next 15 years will give you a fund of about 16,27000 at maturity. If at the same time you continue to invest in this system by increasing the deposit for the next 10 years in a period of 5-5 years, this amount will continue to increase.

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