If you are looking for a good investment plan then you should open a Post Office PPF Scheme account. For information, let us tell you that under this scheme, you can start an account in your name or in the name of your child.
But if the child is below 10 years of age, then only the parents or legal guardian of the child can open the account. In this way, people who want to invest in a small savings scheme can invest in this scheme.
If you want detailed information about Post Office PPF Scheme, then we will tell you about it today. Today in this article we will give you complete details of this scheme. In this way, after understanding this scheme well, you can start your account.
Post Office PPF Yojana
This scheme is very beneficial for those investors who want to open an account under a small investment scheme. Let us also tell you here that this scheme is very popular among small investors.
In this way, you get a chance to save every month in the Post Office PPF scheme. If you deposit money in this investment scheme then you can get good income every month.
In fact, through this scheme, investors get an income of Rs 9250 every month, which amounts to Rs 1111000 annually. In this way, you can earn a good amount by getting interest every month in this scheme.
Interest received in Post Office PPF Scheme
Let us tell you here that if you invest in Post Office PPF scheme, then you get interest at the rate of 7.4%. Actually, your earning under this scheme depends mostly on how much money you have deposited.
For information, let us also tell you that you can easily withdraw your deposited amount under this savings account after 5 years. So if you want to take advantage of this scheme then you can start your savings account.
Single and Joint Savings Account
If you want to invest in Post Office PPF scheme, then you can open a single or joint account. For information, let us tell you that in this way two or three people can start this savings account.
If you open a single account then your deposit amount is less whereas in a joint account it is more. In this way, if a person wishes, he can open a joint account with his wife. The advantage you will get is that you will have to deposit more money so that you can earn more.
So, if you want to open a single account under this scheme, then you have to deposit an amount of Rs 9 lakh. Whereas to open a joint savings account, you have to deposit up to Rs 15 lakh. In this way, you are provided interest on your deposited money for up to 5 years.
How to earn 111000 through post office ppf scheme
If you deposit an amount of Rs 15 lakh in the Post Office PPF scheme with your wife, then you get interest at the rate of 7.4% on this money. In this way you will be provided with Rs 111000 in a year. Whereas you will get an income of Rs 9250 per month.
In this way, if you multiply the amount received annually by 5 years, then you will get total benefit of Rs 555000. In this way, you can earn an income of Rs 5,55,000 through Post Office PPF Scheme in 5 years.
How much will be earned from a single account in Post Office PPF Scheme?
If you start your single account through this scheme then you can make a maximum investment of up to Rs 9 lakh. So then you will be given interest at the rate of 7.4%. In this way, you get a chance to earn an income of Rs 5550 every month.
Whereas if we talk about annual income then you can get a profit of Rs 66600. Let us also tell you here that if you deposit this amount for 5 years, then you get an income of up to Rs 3,33,000.
Who can open an account in Post Office PPF Scheme?
Now the question is who can invest in this Post Office PPF Scheme. So the information about it is given below –
- Any citizen of India can invest in Post Office PPF Scheme.
- In this scheme, parents or legal guardians can also open an account in the name of their child.
- To open an account, it is mandatory that your child’s age should be less than 10 years.
- You can invest in this scheme only if you have a savings account in the post office.
- The investor must also have some important documents like Aadhar Card and PAN Card.
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