Earn over Rs 25 Lakh By Investing Rs 1,000 Per Month in the Scheme

Get the chance to earn 25 lakh by investing 1000 every month through the govt. scheme. There is a common notion that the government schemes that the government schemes don’t increase your money as exponentially as others schemes do, however they are considered as safe and stable. Through this article we will be talking about the government schemes which can provide you over 25 lakh returns if you invest just Rs 1,000 on a monthly basis.

PPF or Public Provident Fund is a small saving scheme and was introduced in 1968 by the National Savings Organization. PPF can provide you good returns. All you need to do is to pick the tenure wisely. 

Public Provident Fund interest rate

With the annual interest rates of 7.1 per cent, through  PPF or Public Provident Fund One can invest a minimum of Rs 500 per annum and a maximum of Rs 1.5 annually. The maturity of a PPF account takes place after 15 years. PPF account holders can extend the tenure by a block of 5 years each.

As per the current rate (As on May 21, 2021), By investing Rs 1,000 per month for 15 yearsYou will have a deposit of Rs 1.80 lakh. At current rate, an interest of Rs 1.45 lakh will be added to the deposit amount. Finally your matured amount will be Rs 3.25 lakh. As per the rule, you can further extend the PPF account for 5 years. At the same time, you will have to invest Rs 1,000 per month. After 5 years your Rs 3.25 will increase to Rs 5.32 lakh.

Again, you need to extend the PPF tenure for 5 years for the second time. You need to keep investing Rs 1,000 per month on the same account. Your Rs 5.32 lakh will turn into Rs 8.24 lakh.

After completion of five years, you need to again extend the tenure of the PPF account for five years for the third time. At the same you need to continue Rs 1000 investment and the maturity amount will increase to Rs 12.36 lakh.

Then again for the fourth time, you need to extend the tenure of the PPF account for five years. At the same time, you need to invest Rs 1000 per month. The PPF amount will increase to Rs 18.15 lakh.

Once this tenure is completed, you need to extend the tenure of the PPF account for the fifth time. You need to invest Rs 1000 per month and on completion of the tenure the PPF maturity amount will increase to RS 26.32 lakh.

Yes it will take 35 years but your Rs 1,000 invest per month in PPF scheme will finally yield you over Rs 26 lakh.