PPF Calculation: How much profit will be received by investing 1000, 2000, 5000 or 12000 rupees every month in PPF, check full calculation

PPF Calculation: How much profit will be received by investing 1000, 2000, 5000 or 12000 rupees every month in PPF, check full calculation

Contents News/Article Date: 15th August  2023

Relating to which Act: Public Provident Fund Act, 1968.

Penalty under the Act: PPF- make a minimum deposit of Rs.500 per financial year to keep the account active. If you fail to make this deposit, the account will be discontinued. You will have to pay a penalty of Rs.50 along with a minimum deposit of Rs.500 to reactivate the account.

Applicable to which State: Whole of India

Type: Discountwalas news report

Pertains to: All potential investors desiring to create long term portfolio

Relevance of this news: Karma Global is in the business of HR Services, Payroll, Outsourcing and Regulatory Compliances right from its inception in 2004 and since then, has brought in a lot of efficiencies and technological upgradations with experts on its roll, to ease the hassles of Payroll Processing, Temp Staffing, On-boarding, Employee Life Cycle, Statutory, Regulatory and Payroll compliances by providing customized solutions to all its elite clients.

Now Karma Global is also fully into labour compliances for nearly 18 years and is helping both establishments and workers for fulfilment of obligations as per the laws of the land.  It has over 200 staff, both direct and indirect on its rolls and operates on pan India basis.  Recently, it has diversified into foreign shores as well, into countries like US, UK, UAE, Canada, Philippines, and Asia for handling payroll, outsourcing, recruitment and governance.

And in the current instance: PPF: In the era of inflation, it is becoming very difficult for people to save for the future by running their daily expenses. The Public Provident Fund (PPF) scheme of the post office can prove to be the best for you to meet your long-term goals and increase your savings.

This scheme not only gives you the option of safe savings, but you can also become a millionaire by saving in it. At present, 7.1 percent interest is being received on this.

Subject: PPF Calculation: How much profit will be received by investing 1000, 2000, 5000 or 12000 rupees every month in PPF, check full calculation

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PPF Calculation: How much profit will be received by investing 1000, 2000, 5000 or 12000 rupees every month in PPF, check full calculation

PPF Calculation: How much profit will be received by investing 1000, 2000, 5000 or 12000 rupees every month in PPF

Minimum investment will be Rs 500

PPF account can be opened with just Rs 500. You can deposit up to a maximum of Rs 1.5 lakh annually in your PPF account.

You will get 40 lakhs on maturity on saving 12,500

If you deposit Rs 12,500 in your PPF account every month, you will get a total of Rs 40.68 lakh on maturity. PPF account matures in 15 years. However, after maturity, you can also extend it for 5-5 years. That is, you can invest in this scheme for a total of 25 years. You can withdraw your money after 15, 20 or 25 years.