Invest 5 thousand in this scheme of post office every month, you will get so much benefit

Post Office Savings Scheme: Even today, a large section of the country trusts a lot on the Post Office Scheme. The post office keeps on bringing different types of schemes for its customers. In the post office, you get a large number of scheme options (Post Office Scheme Option), give you good returns (Small Saving Schemes). Post Office Scheme Public Provident Fund (PPF) is one such excellent scheme that gives you the option of saving for a long time. Under this scheme, you can deposit up to a maximum of Rs 1.5 lakh in a year.

The special thing about this plan is that apart from investing together, you can invest in this plan for months just like Systematic Investment Plan ie SIP. The interest earned on this scheme is more than the normal FD (Fixed Deposit) or RD (Recurring Deposit), you can get big returns by depositing money in small amount every month. In this, no tax is levied on interest and maturity income.

read this also: Damaged Currency: Debited FAT notes have been removed from ATMs, in this way easily exchange in the bank

Know what is Post Office PPF Calculator-
Monthly deposit – Rs 5000
Total deposits in a year – Rs 60,000
Rate of interest – 7.1 percent compounding
Total investment after 15 years – Rs 9 lakh
Maturity amount – Rs 16.25 lakh
Interest amount- Rs 7.25 lakh

read this also: Internet Banking: The facility of Net Banking has become easy, this bank has given the facility to operate Net Banking with Face ID and Fingerprint.

These are the benefits of Post Office PPF
You can invest 1.50 lakh in a year under this scheme.
-It can also be given in 12 installments.
Children below the age of 10 years can also open a PPF account, which can be looked after by the parents.
There is maturity after 15 years which can be extended for 5 years.
There is no risk of losing money in this.
You can also take a loan from the bank on the PPF account.
You will not have to pay any kind of tax on this money.