If you want to accumulate a good fund for yourself in the future, then saving is the best option. Many schemes are being run by the government for savings. By investing in these, you can increase your money fast. Today we are going to tell you about one such scheme of the government, in which you can deposit a big fund for yourself by saving a few rupees every month. In this scheme (PPF Scheme), if you deposit only Rs 417 every month, then you will get Rs 1 crore on maturity. This scheme of the government is very useful for the common people. You can become a millionaire by investing in this scheme (PPF Scheme). Let us tell you about this scheme.

Gets interest of 7.1 percent annually

The scheme we are telling you about is the Post Office Public Provident Fund (Post Office PPF Scheme). In this scheme, you get an annual interest of 7.1 percent. In this, you also get the benefit of compound interest every year. The maturity period of this scheme is 15 years. Although you can also promote it twice for 5-5 years. Those who invest in it also get tax benefits.

In this way you will get one crore on maturity

If you want to deposit a fund of one crore rupees at the time of maturity in this scheme (Post Office PPF Scheme), then you have to invest in this way. In this, you will have to deposit Rs 1.5 lakh annually. If someone starts investing in this scheme. He will have to deposit an investment of Rs 417 every day i.e. Rs 12500 every month. If he does this for 15 years, then according to this his total investment will be Rs 22.50 lakh. At the time of maturity, you will also get the benefit of compounding with an annual interest of 7.1%. With this, you will get Rs 18.18 lakh as interest at the time of maturity. In this case, you will get a total of Rs 40.68 lakh. In this, investors will have the option of extension of 5 years after completion of maturity of 15 years. If someone does this, then after depositing Rs 1.5 lakh annually for 20 years, his fund will become Rs 66 lakh. Here also if you continue to invest Rs 1.5 lakh annually for the next 5 years, then after 25 years your PPF balance will be around Rs 1 crore.

Tax benefit is available in the plan

In PPF you get guaranteed returns. You also get tax benefits by investing in this scheme. In this scheme, anyone can open an account in the PPF of the post office. In this you cannot open a joint account. Only one person can open this account. NRIs also cannot open accounts in it.