New Delh:. To ensure the continuation of income even after retirement, the government-run PPF scheme is quite popular among working people and along with strong interest on investment, many types of extra benefits are also available in it. There are many saving schemes. But, among these, Public Provident Fund ( PPF ) is a very popular scheme. Through this scheme, you get the benefit of a lump sum amount after a period of time. In such a situation, the question is whether one can become a millionaire through this scheme too. The answer is yes.

You can also become a crorepati through PPF by making basic investments every month. We will tell you how much money you need to save every month for this.

You get great interest in PPF

PPF scheme is the choice of investors because of its benefits. If we talk about other schemes i.e. fixed deposits (FD) in banks and post offices, then PPF gives more interest than these schemes. Currently, the government is giving 7.1 percent interest in this scheme. This interest is compound interest, that is, interest is also charged on interest. The calculation of interest is annual, that is, PPF interest comes to the account of PPF investors in March every year.

How to become a millionaire using PPF

Interest is dearer than the principal. This is true in this scheme. Yes, we are going to tell you how you can become a crorepati through PPF. That is, PPF is a kind of Crorepati Scheme.

If you invest Rs 405 every month in PPF, then according to this, you will invest Rs 1,47,850 in a year. Now if you deposit the same amount in PPF account for 25 years continuously, then even at the current interest rate of 7.1 percent, more than Rs 1 crore will be deposited in your PPF fund.