Deposit just Rs 10,000 every month and get a safe fund of around Rs 32 lakh.

New Delhi. If you are looking for an investment with safe and guaranteed returns, then Public Provident Fund (PPF) is still the most reliable option. Since it is a government guarantee, there is no fear of losing money nor is it affected by market fluctuations. By depositing just Rs 10,000 every month, a strong fund of around Rs 32.5 lakh can be created in 15 years. This scheme is considered perfect for long term savings.

Interest rate stable, risk zero
PPF is counted among the safest investment schemes in the country, because it is fully supported by the government. At present, 7.1 percent annual interest is being given on PPF, which is reviewed by the government every quarter. Since the interest is fixed, investors always get stable returns. This is the reason why people prefer PPF for retirement planning, children’s education, marriage or future savings.

How to open PPF account and what are the rules
Opening a PPF account is very easy. This account can be opened in any bank or post office. There is a facility to deposit a minimum of Rs 500 annually, while a maximum of Rs 1.5 lakh can be invested. Tax exemption is also available on this investment under Section 80C of the Income Tax Act. The total duration of PPF is 15 years, which can also be extended for a further period of 5 years. Due to this, investors continue to get guaranteed interest for a long time.

How to get Rs 32 lakh by depositing Rs 10,000 per month
If an investor deposits Rs 10,000 every month in PPF, then based on the current interest rate of 7.1 percent, he gets approximately Rs 32,54,567 after 15 years. This entire amount along with interest is prepared and is completely tax-free. In today’s time, such a big safe fund can prove to be very useful for retirement, children’s education and emergency needs. The easy process, tax benefits and guaranteed returns make PPF a perfect saving option for investors of all ages.