Post Office Scheme: This Post Office scheme is a money-making machine; save just ₹411 and build a massive fund of ₹43 lakh..

Post Office Scheme: In today's world, everyone wants to invest their hard-earned money in a place where it is not only safe but also yields substantial returns. For those who dream of becoming millionaires without the risks of the stock market fluctuations, the Post Office's Public Provident Fund (PPF) scheme is a true blessing. This is a scheme considered a "powerhouse of safe investment" in the financial world. If you too want to build a large fund for future needs, children's education, or retirement, this scheme can prove to be extremely useful for you.

How can saving ₹411 become ₹43 lakhs?
The biggest rule of investing is starting early and being consistent. The math behind the Post Office's PPF scheme is very simple and profitable. By investing in this scheme, you can accumulate a substantial amount over the long term. According to the information available, the scheme currently offers an attractive interest rate of 7.9%.

If you calculate this, saving just ₹411 daily will allow you to deposit ₹12,500 per month. This way, your total investment in a year will be ₹1.5 lakhs. The maturity period of PPF is 15 years. If you maintain this discipline and deposit ₹1.5 lakhs every year, after 15 years, you will have a fund of approximately ₹43.60 lakhs. The most interesting part is that you will only contribute ₹22.5 lakhs from your pocket, while the remaining ₹21 lakhs will be earned as interest.

Government Guarantee and Tax Exemption
The biggest concern for the average investor is taxes, but those who invest in PPF also get a tremendous benefit here. This scheme falls under the 'EEE' (Exempt-Exempt-Exempt) category. This means that neither the principal amount invested nor the interest earned, nor the entire amount received at maturity, is taxed.

Under Section 80C of the Income Tax Act, you get a tax exemption on investments up to ₹1.5 lakhs annually. Furthermore, from a security perspective, this is a scheme supported by the Indian government. While bank FDs offer insurance only up to a certain limit, every single penny in your PPF account is safe under the government's 'Sovereign Guarantee'.

Loans are also available when needed.
You never know when you might suddenly need money in life. This Post Office scheme doesn't leave you in the lurch even in such situations. From the third to the sixth year of opening a PPF account, you can also take a loan against your deposited amount. This facility proves very helpful in emergencies, as the interest rates on this loan are quite affordable compared to personal loans, and it is also easy to repay.

In addition, this scheme is quite flexible in terms of investment. It's not necessary to deposit a large amount every month. You can deposit a lump sum amount as per your convenience or invest in small installments over the year in 12 installments.

No more long queues, invest from the comfort of your home
Unlike in the old days, you no longer need to visit the post office or stand in long queues. With the Digital India initiative, the Post Office has also become high-tech. Now you can operate your PPF account from the comfort of your home through the India Post Payments Bank (IPPB) or the DakPay app.

For this, you only need to link your IPPB account to your main bank account. Once linked, you can transfer money with just a few clicks by selecting the PPF option in the app.

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