PO Scheme: This scheme of Post Office is great, a fund of 15 lakhs will be prepared for your children like this..

When life moves in a new direction after marriage, many responsibilities come along with it. One of the biggest concerns is the cost of children's education. In the present times, the cost of education has increased rapidly. School fees, dress, books, copies, transport, and school programs all cost a lot every month. In such a situation, if some savings plan is made in advance, then these expenses do not become a burden later on. A special scheme of the post office can be a solution to this problem. In this, by depositing small amounts for a fixed time, you get a large amount on maturity, which is enough for big expenses like children's education.

Small savings will create a big fund.

The Public Provident Fund (PPF) scheme of the post office is a reliable option for long-term investment. This scheme is safe and also gives good returns. A minimum of Rs 500 and a maximum of Rs 1.5 lakh can be invested in this scheme every year. The maturity period of this scheme is 15 years. That is, if you invest regularly for 15 years, then on maturity you get a large amount, which can prove to be helpful in expenses like children's higher education. Currently, this scheme is getting 7.1% annual interest, which is also tax-free. This is the reason why this scheme is considered very beneficial, especially for the middle class.

A fund of 6.78 lakhs will be prepared by saving 70 rupees daily.
If you save only 70 rupees daily, then you can deposit 2,100 rupees in a month. According to this, you will invest 25,200 rupees in a year. If this investment is made continuously for 15 years, then the total deposit amount will be around 3.75 lakh rupees. Now, if 7.1% annual interest is added to it, then you can get around 6.78 lakh rupees on maturity. This amount is very useful when children want to take admission in a big course or college after 10th or 12th and need a lump sum amount.

You can invest without risk.
PPF is a scheme run by the government, so investing in it is completely safe. It is not affected by the fluctuations of the market like a bank. Also, both the interest and maturity amount received in it are completely exempted from income tax, that is, the taxpayer also gets a tax benefit in it. This is a double benefit for savers, on one hand a big fund is created from regular small savings, on the other hand tax relief is also available.

Why is this scheme a better option?

The fund is ready on time for the expenses of studies.

The interest rate is fixed, which makes it easy to guess.
The investment is safe, with government guarantee.

Tax exemption is also available.
A strong long-term plan can be made even in a small budget.

Investment
Post Office

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