Planning for retirement? A smart investment in the Public Provident Fund (PPF) can yield over ₹2.26 crore by the time you turn 60, with ₹1.74 crore generated purely from interest. Read on to discover how disciplined investments in PPF can transform your financial future.

The Public Provident Fund (PPF) is one of the most popular investment avenues due to its tax-free benefits. Deposits, accrued interest, and the final maturity amount are all exempt from tax under the Exempt-Exempt-Exempt (EEE) category, making it a highly efficient savings tool.

• Any Indian citizen can open a PPF account at a post office or bank.

• Minimum annual investment: ₹500

• Maximum annual investment: ₹1,50,000

• Interest rate: 7.1% (revised quarterly)

• Maturity period: 15 years (extendable in 5-year increments)

• No joint accounts; a nominee can be designated

• Cannot be opened by HUFs, but can be managed by a guardian for minors

Starting early and investing consistently can significantly grow your wealth. Here's how:

• Yearly investment: ₹1,50,000 (deposited at the start of the financial year)

• End of 15 years (Age 40): ₹40,68,209

  • Total deposits: ₹22,50,000

  • Interest earned: ₹18,18,209

• Total balance: ₹66,58,288

  • Additional deposits: ₹7,50,000

  • Interest earned: ₹36,58,288

• Total balance: ₹1,03,08,014

  • Additional deposits: ₹7,50,000

  • Interest earned: ₹65,58,015

• Total balance: ₹1,54,50,910

  • Additional deposits: ₹7,50,000

  • Interest earned: ₹1,09,50,911

• Total balance: ₹2,26,97,857

  • Total deposits: ₹52,50,000

  • Interest earned: ₹1,74,47,857

If both husband and wife invest in PPF for 35 years, their combined balance at retirement would be ₹4.53 crore, completely tax-free.

• PPF ensures a secure, tax-free retirement corpus.

• Longer investment duration leads to higher compounding benefits.

• Strategic yearly investments can turn savings into substantial wealth.

Start investing in PPF today and secure your financial independence for retirement!