Post Office Scheme: Open your wife's account under this scheme of Post Office, depositing Rs. 5000 will create a fund of Rs. 26 lakh..

Post Office Scheme: Well, every kind of scheme will be available in the post office for the common citizens. But if you want to create a huge fund by making long-term investments with less investment, then a scheme of the Post Office can be very beneficial for this. In this scheme, you can open an account in the name of your wife and deposit 5 thousand and create a fund of 26 lakhs.

Which is this bumper scheme?

If you are also planning to invest in the post office scheme, then the PPF (Public Provident Fund) scheme of the post office can be very useful. Let us tell you that an adult Indian citizen can open an account in this scheme. Apart from this, a guardian can open an account in the name of a mentally deranged person.

Along with this, let us tell you that only one PPF (PPF Calculator) account can be opened in the post office or any bank across the country. At present, customers are getting 7.1 percent annual interest on investment in this scheme. Let us tell you that the maturity period of this scheme is 15 years. You can also extend it further. The scheme matures in 15 years.

How much interest is being received in this scheme

If you want to get an annual return in this scheme, then 7.1 percent annual interest is received in the Public Provident Fund scheme of the post office. Let us tell you that this is the annual compound interest rate.

The interest rate on this scheme (PPF Scheme Interest Rate) is fixed by the government every three months. Being a government-backed scheme, customers get guaranteed returns. The interest received in this scheme is completely tax-free.

You can start investing with this much money.

In the PPF scheme of the post office (PPF Scheme ke Fayde), you can start depositing at least Rs 500 in a year. At the same time, you can deposit a maximum of Rs 1,50,000 in a financial year.

You can deposit this money in lump sum or installments (PPF Scheme Investment). Let us tell you that the money invested in this scheme is eligible for tax exemption under Section 80C of the Income Tax Act.

In how many years does this scheme mature?

If you are thinking of investing in this scheme, then let us tell you that the PPF (PPF Scheme Maturity) account matures in 15 years. However, after 15 years, you can extend this maturity for 5 years by applying at the post office.

In this way, you can also take the maturity period to 50 years by extending it 5-5 years. But for this, you will have to apply (Post Office Best Scheme) within one year of maturity.

Yes, if you want, you can increase your account even without contribution after 15 years of maturity. With this, you will continue to get the benefit of PPF interest rate.

How to create a fund of lakhs

You can create a fund of Rs 26 lakh in 20 years by depositing Rs 5000 every month in this scheme of Post Office (Highest Interest Post Office Scheme). We explain it to you through an example.

For example, suppose you open a PPF account in the name of your wife, and your wife is 30 years old. If you deposit Rs 5000 every month i.e., Rs 60,000 in a financial year, in your wife's PPF account (Post Office PPF Return).

In this way, after 20 years, when your wife will be 50 years old, she will have a total fund of Rs 26,63,315. In this invested amount, approximately Rs 14,63,315 will be the income from interest. At the same time, Rs 12,00,000 will be the invested amount.

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