PPF Scheme: Do you also want to become a millionaire? Invest just these thousands, you can get more than Rs 12 lakh…

PPF Scheme: For safe and best returns, you can invest in the PPF scheme of State Bank of India (SBI). Investing in SBI's PPF scheme is the best option to get high returns.

This is a government scheme, which along with giving excellent returns to the investors, also saves them from tax. Let us know about the Public Provident Fund (PPF) scheme of SBI.

sbi ppf scheme

SBI PPF scheme is a government scheme, in which you get interest at the rate of 7.1 percent. You can start investing in this scheme with just Rs 500 annually. Apart from this, the maximum limit of annual investment is 1 lakh 50 thousand.

The investment period of this scheme is 15 years. If you want, you can increase it in blocks of 5 years. Apart from this, you can also avail loan facility from your account during 15 years of investment.

PPF Scheme: 50 thousand will become 13 lakh

If you invest Rs 50 thousand annually in SBI PPF scheme, then your total investment in 15 years will be Rs 7 lakh 50 thousand. In this you will get interest at the rate of 7.1 percent. According to the calculation, you will get a total of Rs 13 lakh 56 thousand 070 after 15 years. In this money, more than Rs 6 lakh will be only interest.