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PPF Plan: Invest in THIS PPF scheme to earn Rs 1 crore in 15 years

PPF Plan: Public Provident Fund (PPF) is the initial move for many people toward safe and risk free money growth. It is considered secure not only among salaried individuals, but also among businessmen who wish to contribute a portion of their earnings to this fund as a tax-saving strategy. Similar to the LIC Jeevan Anand Policy, which allows you to save lakhs of rupees while also receiving an investment bonus. Furthermore, the interest rate is close in this PPF investment from the LIC scheme.

PPF Plan: Secure investment for long time

Citizens who have invested in LIC schemes can also invest in PPF schemes because the interest rates are not sufficiently varied. The policies are designed for people who want to keep their money safe for a long time. It is a long-term savings strategy.

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Those who want to save for retirement must choose LIC policies. People who do not require the money right away would benefit. The coverage’s benefits last longer than the lock-in period.

PPF investments can be made on a monthly, quarterly, half-yearly, or annual basis, depending on the investor’s financial viability and viewpoint. The maximum annual investment allowed for this product is Rs150,000 per year.

Exempt-Exempt-Exempt

However, We all are aware of the “Exempt-Exempt-Exempt” (EEE) benefits of this investment, many people wonder if it is possible to amass a substantial corpus using this option.

Assume you begin investing at the age of 18. Your monthly investment would be Rs 12, 500, with a 7.1% interest rate and a 15-year investment term.

You will have a corpus of Rs 40,20,031 when you turn 33. You would have invested Rs 22,50,000 and received an estimated return of Rs 17,70,301.

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Assuming you start over with your PPF investment. When you are 48 years old and make a new PPF investment, you will receive Rs40,20,301 once more when you are 63. As a result, you end up with a corpus of Rs1,20,60,903.

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