SBI Investment Plan: Save ₹2,500 Monthly and Secure ₹8 Lakh in 15 Years

If you're a salaried individual looking for a secure investment to grow your savings, the Public Provident Fund ( PPF ) offers an excellent opportunity. With its government backing, attractive returns, and tax benefits , PPF is a reliable option for long-term wealth building. Here's everything you need to know about this popular scheme.

# Key Features of the PPF Scheme

Easy Account Opening
You can open a PPF account at any bank or post office. For SBI customers, the process is even more convenient through the SBI YONO app.

Investment Tenure
The PPF scheme has a maturity period of 15 years. You can also extend it for an additional 5 years to continue growing your investment.

Contribution Flexibility
Start investing with a minimum of ₹500 per month. You can contribute up to ₹1.5 lakh annually, allowing flexibility in how much you save.

Attractive Interest Rates
The current interest rate for PPF is 7.1% per annum, compounded quarterly. This rate is higher than most fixed deposits, making it a lucrative option for steady returns.

Tax Benefits
PPF contributions are eligible for tax deductions under Section 80C of the Income Tax Act , adding an extra incentive for tax planning.

Estimated Returns from PPF

If you invest ₹2,500 every month into a PPF account, here’s what you can expect:

• Total Investment Over 15 Years: ₹4.5 lakh
• Maturity Amount: ₹8.13 lakh
• Interest Earned: ₹3.63 lakh

In just 15 years, your small monthly savings could grow into a substantial corpus, making PPF a smart choice for long-term financial security .