You will become a millionaire with a small investment; The government’s plan is awesome…

New Delhi : When it comes to the future, everyone is currently looking for the right investment. We are also going to tell you about a scheme in which you are sure to become a millionaire after investing. In this you will get good return on proper investment. Let’s know about that plan…

PPF stands for Public Provident Fund Scheme is a great investment scheme. A PPF scheme is very safe if you want to invest for a longer period of time. In this you get not only guarantee leave but also tax exemption after completion of term. Currently 7.1 percent interest is being paid in this scheme. What benefits will you get if you invest in this? Read more…

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Govt gives guarantee on PPF scheme…

If you invest in a public provident fund scheme, you are guaranteed by the government. This scheme is implemented entirely under the Govt. The interest is also decided by the government. Your money will be safe in this scheme. So you will also get guaranteed returns.

Who can invest in this scheme?

Everyone can invest in this PPF scheme. In this you can start investing from just Rs.500. You can open an account in this scheme by visiting your nearest post office or bank. You can invest upto 1.5 lakhs in this. You have to deposit at least Rs.500 every year to maintain this account. If you invest in this PPF scheme, you get loan and tax relief on the deposited amount.

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How will you become a millionaire?

If you want to become a millionaire by investing in Public Provident Fund scheme, you have to invest Rs 1.5 lakh per annum i.e. at least Rs 12,5000 per month. That way, when you keep investing in it for 25 years, compound interest adds up to a huge amount.

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