How to get 24 lakh rupees by investing 250 rupees a day.. If you save 250 rupees daily, you get 7500 rupees per month. This amount was 90 thousand rupees per year. This money has to be invested in PPF for fifteen years.
PPF Scheme
Everyone saves some amount from their earnings and invests their savings in a place where their money will be safe and their returns will also be good. There are hundreds of savings plans in the market today. But what an investor wants is credibility.
A government scheme is currently being discussed. Public Provident Fund Scheme of Post Office offers great benefits for long term investment. In this scheme you have to save Rs. 250 per day. After that you will get Rs.24 lakhs.
More than 7 percent interest and tax concessions
after investing in Public Provident Funds are getting attractive interest. Along with this, the government itself is guaranteeing the investment. Talking about PPF Interest Rate, you get 7.1 percent interest on investment. Along with that, tax relief is also available.
PPF scheme is an EEE type of scheme. The investment made every year will be tax free. Apart from that, the investors do not need to pay tax on the funds received on maturity along with the interest.
Rs 24 lakh corpus with Rs 250 using THIS govt scheme – Calculationhttps://t.co/336e0eItdi
— ET NOW (@ETNOWlive) May 4, 2024
How and when to get Rs. 24 lakhs?
Let’s see how to get Rs 24 lakh by investing only Rs 250. If you save Rs. 250 per day, you get Rs. 7500 per month. This amount was 90 thousand rupees per year. This money has to be invested in PPF for fifteen years.
90 thousand every year means 13 lakh 50 thousand rupees accumulated in fifteen years. Interest will be paid at the rate of 7.1 percent. The amount of interest will be 10 lakh 90 thousand 926 rupees. So you will get a total of 24 lakh 40 thousand 926 rupees on maturity.
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