Post Office Public Futures Fund: Even today a large number of people are investing money in various projects of the post office. The main reason for this is the security available with good returns. The Post Office Public Futures Fund is one of the few post office projects that provides excellent returns. Beyond this, the risk in this project is almost negligible. Tell us some important things about the Post Office Public Futures Fund Scheme –
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Interest is calculated as follows
Suppose you have deposited 500 of the first installment in this scheme, on which you get 30 rupees interest. Next year your interest will be Rs 530. Money will continue to grow from year to year.
What are the benefits of this project?
Under this scheme, investment money, interest and closing money are completely interest free.
Tax deduction is available under Section 80C of the Income Tax.
You can start investing Rs 500 on this project. However, you can only invest a maximum of Rs 1.5 lakh in a year.
The project is 15 years old. Because of this, if you want to withdraw money in the middle, then it is not possible. But after 15 years, doing 5-5 years can boost this plan.
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If you invest Rs 500 per month
If you invest Rs 500 each month, you will get Rs 90,000 in 15 years. On top of that you get Rs 67,784 interest. This means that after 15 years you will get Rs 1,15,784.