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20 June 2020

Lakhpati will make this plan of the government, earn 54 lakh with an investment of only 100 rupees

There is no difference between you and the people you see becoming millionaires around you.

The special thing about those who become rich or millionaires is that they invest some of their earnings in the right place.  So today we are going to tell you about a government scheme in which you too can become a lakhpati by investing only 100 rupees.

PPF scheme is very beneficial
 PPF i.e. Public Provident Fund is the key to your luck.  It is often difficult to believe that becoming a millionaire from a government scheme.  But if you start investing money in this scheme properly, instead of just investing Rs 100, you can earn a huge amount of around Rs 54.47 lakh.

Understand this way easily
If a 25-year-old man saves Rs 3,000 (Rs 100 daily) from his monthly salary and deposits it in a PPF account, then his PPF contribution for 35 years and an interest rate of 7.1 per cent will bring him a total of Rs 54.47 lakh.  That is, the person will become a millionaire until retirement.

This plan is cool
PPF is a small savings plan.  It is a government-backed savings scheme.
By investing in this scheme, you can also save Rs 1.5 lakh per annum in income tax.  Under Section 80C of the Income Tax Act, tax exemption can be obtained by opting for the old tax slab.

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