Public Provident Fund: Invest Rs 34 every day in PPF to get Rs 18 lakh, here’s how

Investment in PPF usually matures after 15 years of investing. At the end of 15 years, investors can decide if they want to withdraw the funds or can let the funds grow for a minimum tenure of five years. 

New Delhi: Investors who are planning to invest in a safe investment instrument offering decent returns can check the option of Public Provident Fund (PPF). Investing a minimum of Rs 34 per day, which roughly translates into Rs 1000 per month, in the state-sponsored investment plan can help you turn your investment into lakhs of rupees if you invest smartly.  PPF investment also offers income tax benefits on the interest earned and on the final maturity amount on PPF deposits. At present, the Indian government is offering a 7.1% interest rate on PPF investments. Since 2020, the government has kept the PPF interest rates unchanged.  Investment in PPF usually matures after 15 years of investing. At the end of 15 years, investors can decide if they want to withdraw the funds or can let the funds grow for a minimum tenure of five years. You can also keep on investing during the extended tenures to witness your money grow in a snap with the power of compounding.