PPF: How this Post Office scheme gives you chance to build over Rs 1 cr corpus?
PPF: Post Office guaranteed return schemes are popular since they give non-market-linked, risk-free returns. People use them to get monthly, quarterly, or annual returns, or build a retirement corpus These investment schemes are known to give steady returns, but they are hardly considered as options to generate a corpus running into crores. But if you consistently invest in a Post Office scheme such as Public Provident Fund (PPF), which gives you a compound annual interest of 7.1 per cent, in the long run, not only can you save considerable taxes, but you can also build a corpus of over Rs 1 crore. Know how-
One can open an account with a minimum investment of Rs 500 and a maximum investment of Rs 1.50 lakh in a financial year. Photo: File/Representational