PPF Calculator: How to become a millionaire with PPF? Understand the whole maths through calculation..

PPF (Public Provident Fund) has become the favorite investment platform of investors. Its login period is 5 years, while its maturity is 15 years. You can extend it for 10 years to 25 years.

This means that you can invest for 25 years through PPF. This scheme is considered better for raising retirement funds. If a person invests in this scheme even at the age of 45, then he can become a millionaire in retirement.

Calculation
A maximum of Rs 1,50,000 can be invested annually in this scheme. This means that you cannot invest more than Rs 12500 per month. If someone invests even Rs 1,50,000 annually, then according to a 7.1 percent return, you will get Rs 40,68,209 on maturity after 15 years.

In these 15 years, the investor will invest Rs 22,50,000. Along with this, you will get a return of Rs 18,18,200 in these 15 years.

Basic information related to PPF

Public Provident Fund is safe, there is less chance of risk in it.

It gives 7% return annually. There is no fluctuation in the stock market in it.

A minimum investment of Rs 500 can be made in it. The maximum limit of investment has been kept at Rs 1,50,000.

Under section 80C, there is a rebate of Rs 1 lakh 50 on the profit received in it.