Utility News: By investing in this scheme, your financial problems after retirement will go away, and after 25 years you will get a huge amount
Many people in the country are looking for the best financial investment for a financially secure future. They are always on the lookout for schemes in which they can get maximum and safe returns. Among these, Public Provident Fund (PPF) is still considered the best option. The benefits of this scheme can be availed by both salaried and self-employed people. The interest rate on PPF is 7.1 percent.
PPF gives very good returns over a long period. If you are also planning for your retirement then start depositing money in this scheme from today itself, the retirement fund will be huge.
The maturity period of PPF is 15 years. Even after that, it can be extended at an interval of 5 to 5 years.
If you deposit 100 rupees per day in PPF daily, then 36500 rupees will be deposited in a year. If you invest for 15 years, you will get a total of Rs 9.89 lakh with an interest rate of 7.1 percent. Whereas at the end of 25 years you will get Rs 25,8,84.