Post Office PPF Scheme: 22 lakh 78 thousand rupees will be available on 1,2,3,4,5,6 and 7 thousand deposits

February 10, 2025 admin

Post Office PPF Scheme:

Post Office PPF Scheme is a safe investment option that gives attractive returns with regular savings. If you deposit Rs 1,000 to Rs 7,000 every month, you can get a fund of up to Rs 22.78 lakh on maturity.

How to get a return of Rs 22.78 lakh:

Monthly depositTotal deposit (in 15 years)Interest rate (7.1%)Maturity Amount₹1,000₹1,80,0007.1%₹4,05,120₹2,000₹3,60,0007.1%₹8,10,240₹3,000₹5,40,0007.1%₹12,15,360₹4,000₹7,20,0007.1 %₹16,20,480₹5,000₹9,00,0007.1%₹20,25,600₹6,000₹10,80,0007.1%₹24,30,720₹7,000₹12,60,0007.1%₹22,78,000

PPF Scheme Benefits:

Government Guarantee: Safe investment option

Interest Rate: Currently 7.1% p.a. (subject to change)

Lock-in Period: 15 years

Tax exemption: Exemption under Section 80C

Loan Facility: Option to take loan after 3 years

Partial Withdrawal: Partial withdrawal allowed after 7 years

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How to invest:

Visit the nearest post office

Fill the PPF account form

Submit required documents (Aadhaar card, identity proof)

Choose monthly or annual investment option

Is this investment right for you?

If you are looking for a safe and long-term investment and can deposit small amounts regularly, then this scheme is the best option for you.

Full process of opening a Post Office PPF account

Step 1: Visit the nearest post office

Identify the nearest post office in your city or area, which provides PPF account service.

Step 2: Gather the required documents

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Application form: Download from the post office or from the official website of the post office

Identity proof: Aadhaar card, PAN card, driving license or passport

Address proof: Aadhaar card, voter ID, electricity bill etc.

Passport size photo: 2 photos

PAN card: Mandatory

Step 3: Fill the form
Fill the below details correctly in the form:

Name and address

Nominee details

Deposit amount details

Documents details

Step 4: Select the deposit amount

Monthly or yearly deposit: minimum ₹500 and maximum ₹1.5 lakh per financial year

Pay via cheque or cash

Step 5: Submit documents
Submit the documents along with the form. The post office officials will do the document verification.

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Step 6: Get account number
After document verification you will be given a PPF passbook containing your account number and deposit details.

Step 7: Set up online access (optional)

You can do online transactions by linking to India Post Payments Bank (IPPB) app.

Account can also be managed through net banking.

Step 8: Maintain investment

Invest on time so that the benefit of interest remains.

Loan facility is available after 3 years if required.

Partial withdrawal is allowed after 7 years.