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This scheme is offered by all post offices and all banks. Among them, State Bank of India (SBI), the country's largest lender, offers a unique PPF scheme. In which you can spend Rs. 8,000 if invested at the time of maturity Rs. 25.24 lakhs comes. Let's find out now..

In recent times everyone is traveling the path of frugality. Trying to save a lot of money. In this order, the demand for investment schemes is increasing. Although there are many types of schemes available in the market, most people feel that their investment is safe in post offices and national banks. There is a feeling that they have the support of the government. Even if the interest rate is low, they want to get a guaranteed return on their investment and to be safe. If you are of the same mindset then there is a good plan available for you. It is Public Provident Fund (PPF). This scheme is offered by all post offices and all banks. Among them, State Bank of India (SBI), the country's largest lender, offers a unique PPF scheme. In which you can spend Rs. 8,000 if invested at the time of maturity Rs. 25.24 lakhs comes. Let's find out now..

SBI Special PPF Scheme..

Public Provident Fund Scheme offered by SBI is a long term investment scheme. In which you have to invest for a long time. Under this scheme, the bank is offering the benefit of good interest rates. Your investment amount in this scheme will mature after 15 years. Currently, this PPF scheme is offering 7.1 percent interest. The government keeps revising the interest rates from time to time.

500 can start investing..

In this public provident fund scheme, annually at least Rs. 500, maximum Rs. 1.5 lakhs can be deposited. Here you can also invest in your children's name to secure their future. At the same time, the interest earned thereon is also exempt from taxation under Section 10.

Account can be opened online..

Currently, this PPF scheme, which matures in 15 years, offers 7.1 percent annual interest. Apart from bank, you can also open PPF account at post office. State Bank of India (SBI) also provides online account opening facility to its customers. You can open it with the help of your savings account. You don't need to go to the bank branch for this. You can open it by logging into your account online.

With a monthly investment of Rs.8000..

In this special scheme of State Bank, you can get Rs. 8000 invested, you can accumulate funds worth lakhs. According to calculations, per month Rs. 8000 by depositing Rs. 96,000 will be deposited. The total deposit amount in 15 years will be Rs.14,40,000. 7.1 percent interest is given on this deposited amount. So according to the calculation, the fund will be ready at maturity of Rs.25,24,544. The amount you have invested is Rs. 14,40,000 while you get Rs. 10,84,544 as interest.