Investment Tips: If you are planning for long-term investment then this scheme of Post Office will also make you a millionaire..
Post Office Investment: If you want to invest money in a scheme for the long term and also want to add a lot of money from that scheme, then turn to the Post Office Scheme. Here you can get the option of Public Provident Fund i.e. PPF. This scheme matures after 15 years and you can also extend it in blocks of 5-5 years. In PPF, you can deposit a maximum of Rs 1.5 per annum i.e. Rs 12,500. If you deposit this amount continuously for a long time, then you can also make yourself a millionaire with this scheme of the post office. Know how.
Know how to become a millionaire
At present, 7.1 percent interest is being given to PPF. Also, one of the advantages of this scheme is that the money deposited in it, the interest received and the amount received on maturity is completely tax-free. Meaning it is kept in the EEE category. If you continue investing in this scheme for 25 years, you can easily make yourself a millionaire. To continue investing for 25 years, you will have to extend it at least twice in blocks of 5 years each.
Understand through calculations
If you deposit Rs 1.5 lakh annually in it and deposit it continuously for 25 years, you will become a millionaire in 25 years. Understand how through calculations- According to the PPF calculator, you will invest Rs 37,50,000 in 25 years. At the rate of 7.1 percent interest, you will get Rs 65,58,015 as interest. In this way, after 25 years, you will get a total of Rs 1,03,08,015 by combining your investment and the interest received on it. If your salary is 65-70 thousand, then investing 1.5 lakh rupees annually is not a big deal
If you are wondering how to get 1.5 lakh rupees annually for investment, then it is not a big deal in today's time. The financial rule says that every person should save at least 20 percent of his income and invest it. If you earn 65-70 thousand rupees a month, then it is not a big deal. 20 percent of 65,000 is 13,000 rupees and you have to save only 12,500 rupees in a month. In such a situation, you can easily make this investment and add a fund of 1 crore by the age of your retirement. Being a scheme with guaranteed returns, there is no risk of your money sinking into it.
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