If you are employed then you must be aware of Employee Provident Fund. A part of the monthly salary of employed people is deducted as EPF (Employee Provident Fund). This money is saved for the future. Similarly, there is Public Provident Fund (PPF).
Investing in PPF is becoming the first choice of people these days. Along with income tax exemption, it also gives very good returns.
You can invest this much
PPF is a zero risk saving scheme. It gives 7.1 percent interest. You can open an account in it by investing only Rs 500. Also, a maximum investment of up to Rs 1.5 lakh can be made.
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This way you will get one crore rupees
The locking period of a PF account is 15 years. That means you cannot withdraw money for 15 years. After this you can extend it for five years each. That means you can save for 25 years. You can also understand it like this that if you invest Rs 12,500 every month then you will get Rs 1 crore. If you deposit Rs 10,000 then you will get Rs 80 lakh. You can open a PPF account by going to a bank or post office.
