PPF Scheme: Investing five hundred rupees per month will get you a hefty amount, you should know

Many people prefer to invest in order to lead a happy life after retirement. This is the reason why people prefer to invest in many types of schemes. If you also want to deposit a hefty amount, then PPF scheme can prove to be a better option for you.

This scheme investment will prove beneficial in the long term. In this, along with excellent interest from the government, the guarantee of security on the deposit is given. The returns you get are absolutely tax free. You will get the benefit of compound interest in the scheme. You can start investing in the scheme with just Rs.500.

A maximum of Rs 1.5 lakh can be invested in this in a year. The maturity period of the scheme is 15 years. However, it can be extended for another 5 years. You can deposit a fund of Rs 42 lakh by saving only Rs 5000 per month.