Post Office Scheme: This scheme of Post Office can make every common man a millionaire, you just have to apply this small trick..

If you dream of becoming a millionaire, then we are going to tell you the method that can turn your dream into reality very easily and can make you a millionaire in any case. But for this, you will have to have some patience along with disciplined investment because such things do not happen in a day. The biggest risk that a common man feels while investing is that his money may sink, but the scheme of the post office that we are telling you about is government-guaranteed, meaning your money will be completely safe in it.

We are talking about the Public Provident Fund i.e. PPF. This scheme with a tenure of 15 years can make every common man a millionaire. Just have to apply one trick for this. Know here how any person can become a millionaire with PPF.

This is the trick to become a crorepati

Any person can deposit a maximum of Rs 1.5 lakh annually in PPF and the minimum deposit limit is Rs 500 annually. Currently, this scheme is getting an interest of 7.1 percent. Now to become a crorepati, you will have to deposit Rs 1.5 lakh annually in this scheme. Although this scheme matures in 15 years, it can also be extended in blocks of 5 years each. You just use this trick that you have to extend your PPF account with contributions at least twice in blocks of 5 years each. That is, you have to deposit Rs 1.5 lakh annually (Rs 12,500 per month) for at least 25 years.

If you do this, then in 25 years you will invest a total of Rs 37,50,000. At the rate of 7.1% interest, you will get Rs 65,58,015 as interest. In this way, after 25 years, you will get a total of Rs 1,03,08,015 by combining your investment and the interest received on it. On the other hand, if you continue contributing to this scheme for 30 years, then you can get Rs 1,54,50,911 as the maturity amount and if you maintain this investment for 35 years, then the maturity amount will be Rs 2,26,97,857. Another benefit of the PPF scheme is that the money deposited in it, the interest received and the amount received on maturity is completely tax free.