Post Office Scheme: This government scheme is amazing, it can earn up to Rs 60,000 every month..

Among the many government savings schemes offered by the Post Office, the Public Provident Fund (PPF) is a very popular and reliable scheme. This scheme not only offers excellent long-term interest rates but also offers tax benefits. If you invest consistently, this scheme can make you a millionaire.

The Public Provident Fund (PPF) not only offers good long-term returns but also offers excellent tax savings. Following a 15+5+5 investment strategy, you can build a corpus of ₹1.03 crore in 25 years. This amount can generate a regular monthly income of approximately ₹61,000. PPF currently offers an annual interest rate of 7.1%. Investing in this scheme offers tax benefits of up to ₹1.5 lakh under Section 80C of the Income Tax Act. This means you can save money on both investment and tax.

How to build a corpus of ₹1.03 crore?
If an investor deposits ₹1.5 lakh every year for 15 years, the total investment will be ₹22.5 lakh. At an interest rate of 7.1%, this amount will grow to ₹40.68 lakh after 15 years, including ₹18.18 lakh in interest. Now, if you let this amount remain in the account for the next 5 years without making any new investments, it will grow to ₹57.32 lakh, with ₹16.64 lakh in interest. If you let it grow for another 5 years, the total fund will reach ₹80.77 lakh, with an additional ₹23.45 lakh in interest. However, if you continue investing ₹1.5 lakh every year for the entire 25 years, your total fund will reach ₹1.03 crore.

Monthly pension-like income of ₹61,000
If you leave this fund in your account even after 25 years, it will continue to earn 7.1% interest. At this rate, you will earn an annual interest of ₹7.31 lakh, which means a regular income of approximately ₹60,941 every month. Most importantly, your original fund of ₹1.03 crore will remain safe. Anyone can start investing in the PPF scheme at any time. It is suitable for children, employed people, and business people.

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