The power of investing 1.5 lakh rupees in PPF is amazing. After so many years, you will receive 99 thousand rupees tax-free every month.
You can save money for your future by making small savings in a PPF. So, let us tell you a method by which you can earn 99 thousand rupees every month from PPF.
PPF (Public Provident Fund) is one of the best ways to save in small installments. It offers guaranteed returns along with tax benefits. Its current interest rate is 7.1 percent.
So, you can also save in it. But did you know that you can also earn 99 thousand rupees tax-free income every month from PPF? Let's find out how.
Actually, you have to deposit at least 500 rupees annually in PPF. You can deposit a maximum of 1.5 lakh rupees in it.
In this case, to earn ₹99,000, you'll need to start investing ₹1.5 lakh annually and continue this investment for 15 years until maturity.
To maximize its benefits, it's essential to pay installments between April 1st and 5th each year.
In this way, within 15 years, you'll accumulate ₹22,50,000, earning approximately ₹18 lakh in interest. Continuing this for 20 years will yield ₹66,55,000.
Investing ₹1.50 lakh for 25 years will increase this amount to ₹37.5 lakh, and by 31, ₹46.5 lakh. After this, you can withdraw your PPF funds.
At an interest rate of 7.1%, you'll earn approximately ₹13,92,000 in interest over 31 years. This means you'll be able to earn ₹99,000 per month.

