00:00 One of the best schemes to save income tax in the country is PPF.
00:06 You get a very good interest here and this interest is also tax free.
00:10 There is an option in PPF that even without depositing money, tax free interest can be obtained here.
00:16 PPF is a 15-year deposit scheme.
00:19 It is necessary to deposit money once every year.
00:22 In a year, up to 1.5 lakh rupees can be deposited in PPF.
00:26 After 15 years, this money can be withdrawn with interest.
00:29 But here, apart from withdrawing money after 15 years, there are two other options.
00:35 One of these options is to increase PPF for 5 years.
00:40 Also, deposit money during this 5 year period.
00:43 But there is another option that PPF should be increased further but no further option to deposit money in it.
00:51 That is, this PPF account should continue to run without depositing money.
00:55 In this way, you will get interest on the money deposited in your PPF every year and this interest will also be tax free.
01:02 If you increase your PPF without depositing money, then you also have the convenience of withdrawing money once every year.
01:10 So if you need money, you can withdraw all your money at any time.
01:17 At present, 7.1% interest is being received in PPF.
01:22 If a person deposits 5000 rupees a month, that is, 60,000 rupees annually in PPF,
01:27 he can get back approximately 16,27,000 rupees after 15 years.
01:33 Out of this, your deposit will be 9 lakh rupees, while you will get approximately 7.27 lakh rupees as interest.
01:40 This interest will be completely tax free.
01:42 [Outro Music]
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