PPF Deposit: How much will you get after 15 years with monthly investments of Rs. 2000, Rs. 3000 & Rs. 5000

The most advantageous thing about PPF fund is that the investment income in it is tax free. 

Mudrayogi Desk : There are many investment options in the market for future savings. PPF or Public Provident Fund is quite popular as other investment option due to these three qualities – low risk, tax free and stable returns. Currently, PPF earns interest at 7.1 percent per annum. People of any income can invest in Public Provident Fund or PPF to get good returns by investing safely. According to financial experts, PPF is ideal for retirement planning funds. It is a central government supported scheme. As a result, the amount of risk is negligible. Deposits are completely safe, with good returns to match. The most advantageous thing about PPF fund is that the investment income in it is tax free. Under Section 80C of the Income Tax Act, the maximum deduction is up to one and a half lakh taka. Best of all, the interest earned on the scheme and the money received on maturity are completely tax free.

Currently PPF account can be opened with just Rs.500. If someone deposits Rs. 500 in a year, then the scheme launched customer can open multiple PPF accounts in his/her name. New guidelines in September said that if multiple PPF accounts are opened, the primary account will be credited with the applicable rate of interest, unless the deposits exceed the annual limit applicable to the primary account. The money in the second account will be transferred to the primary account. Apart from this, no interest will be paid on any account other than primary and secondary accounts. The accumulated deposits of the second account will be merged with the first account.

Experts say that if one invests Rs. 2,000 in PPF fund every month, the investment amount will be Rs. 24,000 at the end of the year. And in 15 years the total investment amount will be Rs. 3 lakh 60 thousand. Rs. 2 lakh 90 thousand will get interest on it at the rate of 7.1 percent. As a result, the investor will get a total of Rs. 650,000 after 15 years. If the annual investment is Rs. 36 thousand, the total investment amount in 15 years will be Rs. 5 lakh 40 thousand. The amount of interest earned will be Rs. 4 lakh 36 thousand. Rs. 9 lakh 76 thousand will be returned after 15 years with interest.

If you invest Rs. 60 thousand in PPF in a year, how much money can be accumulated? Rs. 9 lakh. As a result of this amount of investment, you can save 16.27 lakh rupees in 15 years. A maximum investment of Rs. 1 lakh 50 thousand per year in a PPF account can generate a fixed deposit of Rs. 40.68 lakh in 15 years.