Post Office Scheme: Post Office's special scheme: You can accumulate a fund of Rs 40 lakh from the comfort of your home..

If you want to build a large and secure fund for the future by saving a small amount every month, a special scheme offered by the Post Office could be perfect for you. Low risk, tax-free returns, and a government guarantee make it particularly attractive. With proper planning, you can accumulate millions of rupees by investing in this scheme.

The Public Provident Fund (PPF) is a government savings scheme where your money is completely safe. It is not affected by market fluctuations. This is why people prefer it for retirement planning and long-term savings. The returns offered are stable and reliable.

Currently, the government is offering an annual interest rate of 7.1% on PPF, which is completely tax-free. This scheme falls under the EEE (Exempt-Exempt-Exempt) category, meaning that the investment, interest earned, and maturity amount are all tax-free. Additionally, you can claim a tax deduction of up to ₹1.5 lakh under Section 80C.

If you invest the maximum amount of ₹1.5 lakh annually in PPF, this translates to approximately ₹12,500 per month. After 15 years of regular investment, your total deposit will be ₹22.5 lakh. With the accrued interest, this amount can grow to over ₹40 lakh.

PPF not only serves as an investment but also assists when needed. You can avail of a loan against your PPF account after a few years of opening it. Furthermore, partial withdrawals are allowed after 5 years. This means your money isn't locked in and can be accessed when required.

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