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. We are talking about our all favorite Public Provident Fund (PPF) 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, can you keep aside only Rs 66 per day? That’s less than the price of a burger or pizza. Rs 66 per day i.e. around Rs 2000 per month. 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 11 lakh rupees? (Understand mathematics) Here the magic of “compounding” (compound interest) works. Suppose you open a PPF account from today: Monthly savings: ₹ 2,000 Interest rate: Currently around 7.1% (it keeps changing, but on average it is considered to be this much). Tenure (Time): PPF account is for 15 years. Here is the real trick: If you If you deposit ₹2000, you will get around Rs 6-7 lakh. But, if you do not withdraw the money on completion of 15 years and extend the account for another 5 years (i.e. a total of 20 years), then this is where the magical jump will come. By depositing ₹ 2000 every month for 20 years, your total investment will be: ₹ 4.80 lakh. And the amount that the government will give you after including interest, will be approximately: ₹ 10.60 lakh to ₹ 11 lakh (slightly up or down depending on the interest rates) Possible). 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 benefits of this scheme which make it ‘best’: Tax Free: Not even a single rupee is taxed on the interest received and the entire maturity amount. It comes under EEE category. Security Guarantee: Since it is a government scheme, there is 0% chance of losing your money. Whether the stock market rises or falls, you will definitely get interest. Tax exemption: You can also save tax under Section 80C on the money deposited in it. Where to open the account? You can open this account very easily in any post office or government bank (SBI, PNB etc.). One can start with as low as Rs 500.