An investment of 150 rupees a day - a golden opportunity to turn it into 15 lakhs
Public Provident Fund is one of the popular savings schemes. The Post Office Public Provident Fund scheme is a good scheme for non-risk investors to get better returns.
Those who invest in this scheme will get tax benefits in 3 stages. Firstly, the tax deduction for the investment you make, and secondly you do not have to pay any tax on the interest you get. After the third maturity, the total amount is tax deductible. Currently, the interest rate is 7.1 percent per annum.
If you invest Rs. 4,500 per month, i.e. Rs. 150 per day, in the Post Office Public Provident Fund, you will get Rs. 14 lakh 84 thousand at maturity, at the current interest rate. The project matures in 15 years. Every month Rs. After investing 4,500, In 15 years this amount will be Rs.8,21,250. At an interest rate of 7.1 per cent per annum, Rs. 6.63 lakh as interest. Based on this, a total of 14.84 lakh rupees will be available.
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