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Best Scheme for Salaried People: Everyone wants a big fund ready for the future, that too without any big market risk. If we say that there is a government scheme in which only every month Rs 12,500 By depositing you in 15 years ₹ 40 Lakh If you can make a fund of more than, will you believe?

Yes, this is absolutely possible! And the best thing is that you also get tremendous tax exemption on this investment.

The name of this magnificent scheme of the government is- Public Provident Fund (PPF)Let’s understand its complete math.

How will the fund of ₹ 40 lakh be made?

• Investment every month: ₹ 12,500

• Total investment in one year: ₹ 1,50,000 (This is also the maximum tax exemption limit under 80C)

• Investment duration: 15 years

• Current interest rate: 7.1% per year (it can change, but is good on average)

Now see the magic:

• In 15 years, there will be a total deposits from your pocket: ₹ 22,50,000

  
  

• But how many will you get? About ₹ 40,68,209,

This means that on your deposits ₹ 18,18,209 Only interest will be available. It only Power of Compounding It is said, where interest is also available on your interest.

Why is investment in PPF so special?

1. Tipped three times in tax (EEE Status): This is the biggest quality of PPF.

   • Exemept (discount): There is no tax on ₹ 1.5 lakh you deposited.

   • Exemept (discount): There is no tax on the interest received on this.

   • Exemept (discount): The entire amount (₹ 40 lakh) received after 15 years is also 100% tax-free.

2. 100% guarantee of safety: This is a government -backed scheme, so there is no danger of sinking your money. It is completely safe.

3. Long term savings: This helps you save for long periods by staying in discipline.