Make a fund of 40 lakhs from Rs 12,500 Amir
If the habit of investing is inculcated, it gives a lot of benefits in the future. Investments are made with the intention that people can benefit from them in the future. In such a situation, if invested for a long time, a good fund can also be prepared. On the other hand, today we are going to tell you a method of investment, in which one can prepare a fund of lakhs of rupees without any risk.
Make a fund of 40 lakhs from Rs 12,500 Amir Actually, the scheme of Public Provident Fund (PPF) is run by the government. A minimum of Rs 500 and a maximum of Rs 1.5 lakh can be deposited through PPF in a year. Along with this, interest is also given on the deposited amount. There is no risk in investing in PPF, in which case millions can be invested from this fund through interest. In such a situation, if a fund of 40 lakh rupees is to be created through PPF, then the fund can be created by adopting one method.
A maximum of Rs 1.5 lakh can be invested in PPF in a year. In such a situation, if 12500 rupees are deposited in the PPF account every month, then 1.5 rupees can be invested annually. Now if invested in this way for 15 years then 22.50 lakh rupees will be deposited in PPF in 15 years.
So much interest will be charged
Along with this, currently 7.1 percent interest is also paid on the amount deposited in the PPF account. If 12500 rupees per month or 1.5 lakh rupees per year is deposited for 15 years and the interest rate is 7.1 percent, then the interest of 18,18,209 rupees is earned in 15 years.
40 lakh fund
Thus, where the amount deposited in the PPF account in 15 years is Rs 22.50 lakh and an interest amount of Rs 18,18,209 is added to it, then a fund of Rs 40,68,209 is easily prepared in the PPF account.