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SBI Offer: Rs.2500 every month.. If you join this scheme, 8 lakhs is yours at once..!
NEWS18 | October 18, 2024 11:15 AM CST

It is important to invest a portion of your earnings in a safe scheme that provides good returns. It will help you in emergencies. State Bank of India is offering such best investment scheme.


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There are many types of investment instruments available in the market. Some want high risk and high income, while some want low risk and stable returns. Employees are especially interested in schemes that offer guaranteed returns. If you are also a monthly salaried employee, it is important to invest a portion of your earnings in a safe scheme that provides good returns. It will help you in emergencies. State Bank of India is offering such best investment scheme.

There are many types of investment instruments available in the market. Some want high risk and high income, while some want low risk and stable returns. Employees are especially interested in schemes that offer guaranteed returns. If you are also a monthly salaried employee, it is important to invest a portion of your earnings in a safe scheme that provides good returns. It will help you in emergencies. State Bank of India is offering such best investment scheme.




02
A large amount of corpus fund can be created in this scheme with an investment of just Rs.2500. The same is Public Provident Fund (PPF). This government backed savings scheme offers safe and attractive returns. Long-term benefits, favorable interest rates provide a better financial future. It has become popular as the best long-term investment option available in the market today. Let's see the benefits of this scheme and how to open an account in SBI.

A large amount of corpus fund can be created in this scheme with an investment of just Rs.2500. The same is Public Provident Fund (PPF). This government backed savings scheme offers safe and attractive returns. Long-term benefits, favorable interest rates provide a better financial future. It has become popular as the best long-term investment option available in the market today. Let's see the benefits of this scheme and how to open an account in SBI.




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PPF account can be opened in any bank or post office. If you are a State Bank of India (SBI) customer, you can open a PPF account online through the SBI YONO app.

Public Provident Fund Features: PPF account can be opened in any bank or post office. If you are a State Bank of India (SBI) customer, you can open a PPF account online through the SBI YONO app.




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PPF account maturity period is 15 years. If you want to continue the investment, you can extend it for an additional 5 years. One can start investing in PPF with just Rs.500 per month. The maximum amount that can be invested in a financial year is Rs.1.5 lakhs.



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Current interest rate on PPF is 7.1%. Interest is compounded quarterly. This is higher than the interest earned on regular bank fixed deposits. PPF is the best option for long term benefits.

 

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Customers can invest in PPF account according to their financial condition and preferences. Can contribute monthly, quarterly, half yearly or once a year. Tax deduction can be claimed under Section 80C of the Income Tax Act on investments in PPF. This is the best option to save both money and taxes.




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Suppose you decide to invest Rs.2,500 every month in a public provident fund account. You can earn huge in 15 years period. Let's see how.

PPF Income: Suppose you decide to invest Rs.2,500 every month in a Public Provident Fund account. You can earn huge in 15 years period. Let's see how.


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Total Investment: After 15 years, your total investment will be Rs.4,50,000. Interest Earned: At 7.1% interest rate, your total money at maturity will be around Rs.8,13,642. Returns: Out of this amount you will receive interest income of Rs.3,63,642.

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