By: ABP News Bureau | Updated at : 29 Jul 2021 08:45 PM (IST)
Indian Post Office | File Image
Post Office Saving Scheme: Post Office Public Provident Fund (PPF) is a great investment option. It is beneficial as the investment can start with less amount and good returns can still be expected for later. The risk in this scheme is almost zero and is protected by the government. PPF account can be opened by visiting any nearest post office. Any citizen of the country can open this account. At present, the scheme is giving interest of 7.10 percent.
Highlights of the plan
Benefit Of Compound Interest
Post office PPF account matures in 15 years. The money deposited in this account earns compound interest. Think of it like this, if you deposited Rs 500 on which interest of Rs 30 was received in one year, then from next year the interest will be calculated on Rs 530.
If deposited 500 rupees every month
If deposited 1000 rupees every month
On depositing 2 thousand rupees every month
How much will you get on depositing 10 thousand every month
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