Just Rs 2,000 per month and Rs 11 lakh in return, this government magic can change your luck

News India Live, Digital Desk: We all want to have a good amount of money in the bank, so that in future we do not have to worry about our children’s education or our retirement. But whenever it comes to “Investment”, we middle class people get a little nervous. Questions come to mind, “Friend, the salary is less, where to save so much money?” Or “What if money is lost in the stock market?”

If you also think the same, then today we are going to tell you about a powerful scheme of the government which is completely risk-free (safe) and whose returns will surprise you. Talking about our favorite Public Provident Fund (PPF) Of the scheme.

Yes, the same old and reliable PPF. But how to use it properly so that you can earn millions, very few people know this “mathematics”. Let us explain to you.

Small Investment, Big Return

Think, do you just 66 rupees Can keep separate? That’s less than the price of a burger or pizza. 66 rupees per day i.e. around a month ₹2000,
That’s all you have to do. If you invest ₹2000 every month in this government scheme, you can become a millionaire.

How to get Rs 11 lakh? (Understand mathematics)

The magic of “compounding” (compound interest) works here.
Suppose you opened a PPF account from today:

1. Monthly Savings: ₹2,000
2. Interest Rate: As of now it is around 7.1% (this varies, but is considered to be the average).
3. Duration: PPF account is for 15 years.

Here’s the real trick:
If you deposit ₹2000 for 15 years, you will get around Rs 6-7 lakh. But, if you do not withdraw the money after completion of 15 years and Extend for another 5 years (Extend) (i.e. a total of 20 years), so this is where the magical boom will come from.

• By depositing ₹2000 every month for 20 years, your total investment will be: Rs 4.80 lakh,
• And the amount that the government will give you after adding interest will be approximately: ₹10.60 lakh to ₹11 lakh (Slight up-down possible depending on interest rates).

did you see? You have deposited less than 5 lakhs, and you are getting more than 11 lakhs! The money more than doubled.

3 big advantages of this scheme which make it ‘best’:

1. Tax Free: There is no tax of even a single rupee on the interest received and the entire maturity amount. It comes under EEE category.
2. Safety Guarantee: Since this is a government scheme, there is 0% chance of losing your money. Whether the stock market falls or rises, you will definitely get interest.
3. Tax exemption: You can also save tax under section 80C on the money deposited in it.

Where to open an account?
You can use this account on any Post Office Or Government Bank (SBI, PNB etc.) Can be opened very easily. One can start with as low as Rs 500.