Earn Interest Without Depositing..!? Full Calculation Here!!

Sowmiya Sriram
Earn Interest Without Depositing..!? Full Calculation Here!!
 In this post, you will find three main benefits of this scheme. After knowing about this you will also plan to invest in it. indians like this PPF program a lot. This is because of its benefits. In terms of interest earned, tax-free investment, and the amount received on maturity, this scheme is considered the best way to invest. Its maturity is 15 years. But even after 15 years, the program has many benefits.
In this post, you will find three main benefits of this program. After knowing about this you will also plan to invest in it. The biggest advantage of this scheme is that after the scheme matures, you will continue to earn interest regardless of whether the money is invested or not. There are 3 options available to you regarding the maturity of the PPF account. You can increase your amount further by choosing any of these options.
1. Withdrawal of PPF amount on maturity.
On maturity of the PPF account, you can withdraw the amount deposited in it and the interest earned on it. This is the first option. If the account is closed, your entire money will be transferred to your account. The special feature is that the money and interest received on maturity are completely tax-deductible. Also, you don't have to pay taxes for the number of years you invest.

2. Invest in PPF even after 15 years:

Another advantage or option is that you can extend your account further on maturity. But remember that account extension should be applied for before 1 year of maturity of the PPF account. However, subscribers can withdraw money during the extension period. Pre-mature withdrawal rules do not apply.
3. PPF account continues even if there is no investment
The third big advantage of a PPF account is that even if you don't opt for the above two options, your account will continue to run after maturity. No need to invest in it. Maturity automatically increases by 5 years. The good thing is that you will continue to earn interest on it. An extension of 5 years is also applicable in this.
How to open a PPF account?
PPF accounts can be opened in any government or private bank. Along with this, you can open an account at any post office in your city. Minors can also open accounts, but parents will hold the account on their behalf for 18 years. However, as per Finance Ministry rules, a Hindu Undivided Family (HUF) cannot open a PPF account.

How much will you get if you invest?

Currently, General Provident Fund earns 7.1 percent interest. At this rate of interest, if you invest for 15 or 20 years, you can save a huge amount of money.
- Monthly Rs. 1,000 investment; - After 15 years - Rs. 3.25 lakh; After 20 years Rs. 5.32 lakhs
- Monthly Rs. 2,000 investment; - After 15 years - Rs. 6.50 lakh; After 20 years Rs. 10.65 lakhs.
- Monthly Rs. 3,000 investment; - After 15 years - Rs. 9.76 lakh; After 20 years Rs. 15.97 lakhs.
- Monthly Rs. 5,000 investment; - After 15 years - Rs. 16.27 lakh; After 20 years Rs. 26.63 lakhs

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