Post Office PPF Scheme : Post Office Public Provident Fund (PPF) scheme is a great investment option that gives people good returns in the long term. This scheme provides safe and guaranteed returns as well as tax benefits People investing in the PPF scheme can create a strong financial foundation for their future.
In this article, we will know in detail about the Post Office PPF scheme. We will understand how to invest annually 27 lakh rupees by depositing 1 lakh rupees Or you can get even more than that. Also, we will discuss the benefits of this scheme, the investment process and other important information.
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What is Post Office PPF Scheme?
Post Office PPF Scheme is a popular savings scheme run by the Government of India. This scheme provides people a safe and attractive option for long term investment. PPF account can be opened in post office or any authorized bank.
इस स्कीम की कुछ मुख्य विशेषताएं हैं:
- Minimum Investment: Rs 500 per year
- Maximum Investment: Rs 1.5 lakh per year
- Duration: 15 years (partial withdrawal allowed after 5 years)
- Interest Rate: Currently 7.1% per annum (adjusted quarterly)
- tax benefit: Tax exemption on investment under section 80C and tax free on interest
Benefits of investing in Post Office PPF Scheme
- Safe Investment: This scheme is guaranteed by the Government of India, making it a very safe investment option।
- Attractive Returns: With the current interest rate of 7.1%, this scheme gives better returns than other safe investment options।
- tax benefit: Investment is tax-exempt under section 80C and interest is also tax-free।
- Flexible Investments: You can invest from Rs 500 to Rs 1.5 lakh annually।
- Benefits of Compound Interest: Interest is calculated on a quarterly basis, which makes your money grow faster।
Result of investing Rs 1 lakh annually in Post Office PPF scheme
Now we will see that if you deposit Rs 1 lakh every year in the Post Office PPF scheme then how much money will you get after 15 years.
| Annual Investment | Rs 1,00,000 |
| Investment period | 15 years |
| total investment | Rs 15,00,000 |
| Current interest rate | 7.1% per annum |
| Total Amount on Maturity | Approx ₹27,00,000 |
It is clear from this example that your investment of Rs 15 lakh will become approximately Rs 27 lakh in 15 years This growth is due to compound interest, which makes your money grow faster.
How to open Post Office PPF Account?
- Visit your nearest post office or authorized bank.
- Fill the application form to open a PPF account.
- Submit your identity proof and address proof (Aadhar card, PAN card, Driving license, etc.).
- Submit one passport size photo.
- Make an initial deposit (minimum Rs 500).
- After verification of all the documents your account will be opened.
How to deposit money in PPF account?
- cash deposit: You can deposit cash by visiting your post office or bank.
- Cheque or Demand Draft: You can also deposit money through cheque or demand draft.
- Online Transfer: Many banks provide the facility to deposit money in PPF account through online or mobile banking.
- Standing Instruction: You can instruct your bank to transfer money to the PPF account on a regular basis.
How to withdraw money from PPF account?
- Money can be withdrawn only after 5 years of opening the account.
- You can withdraw money only once every year.
- Between the 6th and 15th year, you can withdraw up to 50% of the amount deposited in your account.
- After completion of 15 years, you can withdraw the entire amount or extend the account for another 5 years.
Tips for investing in Post Office PPF Scheme
- Invest regularly: Invest regularly every year so that you can get maximum benefits.
- Invest maximum: If possible, invest a maximum of Rs 1.5 lakh every year.
- Invest at the beginning of the financial year: By investing in April, you will get interest for the whole year.
- Invest for the long term: PPF is a long-term investment, so be patient and continue investing for at least 15 years.
- Use tax benefits: Make investing in PPF a part of your tax saving strategy.
