Government scheme to make millionaires, save only Rs 416 everyday

18 April 2023 By Business Team Millionaire Making Government Scheme Save Only Rs 416 Everyday

The Government Is Paying Interest At The Rate Of 71 Percent On The Amount Deposited In Ppf, By Investing In This Scheme You Can Get Excellent Returns.

If You Are Looking For A Scheme To Invest These Days Then Ppf Can Be An Option For You.

You Can Start Investing In Ppf With Just Rs 500, Whereas In A Financial Year You Can Invest A Maximum Of Rs 15 Lakh In This Scheme.

You Can Deposit The Amount Of Investment In Installments Or Even In Lump Sum. No Interest Is Paid On Deposits Exceeding Rs 15 Lakh In A Financial Year.

This Scheme Is Also Very Popular In Terms Of Tax Exemption, By Depositing Money In Ppf, You Can Take Advantage Of Tax Exemption Along With Better Returns.

Under Section 80C Of Income Tax, You Can Avail Tax Exemption On Investment In Ppf, For This The Maximum Limit Is Rs 15 Lakh.

By Adding Rs 416 Daily I.E. Around Rs 15 Lakh Annually, You Can Raise More Than Rs One Crore In 25 Years On The Basis Of The Current Interest Rate Of 71.

By Depositing Rs 15 Lakh For 25 Years, You Will Invest A Total Of Rs 3750000 In Ppf, After That You Will Get Rs 6558015 As Interest.