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PPF Investment: How to Get ₹16 Lakh At Maturity

Doesn’t matter if you are a salaried individual or a businessman, everyone needs to secure his future financially. It is very essential for you to save a small portion of your earnings regularly and invest it into your future. For this purpose, you should consider one savings scheme for yourself out of many available in the financial market. It is your choice to compare and choose between private and public sector schemes. However, if your choice is Government-backed plans, then you should opt for PPF or Public Provident Fund Scheme, which is a Central Government scheme.

PPF Investment How to Get ₹16 Lakh At Maturity

PPF Annual Investment Limit and Interest Rate

The Central Government sets an annual interest rate offered on Public Provident Fund, which currently stands at 7.1 per cent. Among long-term investment plans, the PPF scheme is the most appropriate. Here the power of compound interest will show you the real benefit of investing in a Government supported scheme. With fixed returns, the investment limit of PPF is ₹1.5 lakh in a financial year.

Account Opening Process

PPF accounts can be opened at both your nearest bank and post office branch. Investors can start contributing to this scheme with just ₹500. However, the amount cannot exceed ₹1.5 lakhs in a financial year.

PPF Scheme Features

Talking about the benefits of this scheme, apart from the high interest rates an investor will also get a loan with tax exemption. The lock-in period or maturity time of PPF is 15 years. So, the contributions towards the PPF account are made for 15 years. Additionally, you can take a loan if you need after making continuous investments for 5 years.

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How to Earn ₹16 Lakhs With PPF at the Time of Maturity?

If an investor contributes ₹5,000 every month in Public Provident Fund then after continuous investments for 15 years the invested amount will become ₹16,270,00 at the time of maturity.

Major Benefits

  • Low-risk high returns
  • Tax benefits
  • Loan benefits with exemption
  • Partial withdrawals
  • Pension tool
  • Secure investments


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Rishabh Sharma

Rishabh is an experienced content writer and editor, he is working for Viralbake to cover a diversified range of categories. His articles mainly focus on providing information, being a travel guide, educating others, and also making people aware of technology, after all, he is a technophile. When not writing he can be found gaming, watching movies, and travelling.

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