All it took for inspiration to develop a painless injection was a mosquito bite. Yes, a mosquito uses a unique method to deliver a painless bite and researchers at IIT Kharagpur wondered if they could make an injection that mimicked the mechanical action involved. While most of us think that a mosquito bite hurts, in reality, the irritation is due to chemicals in its saliva. After three years of research, IIT-Kgp, along with the Tokai University of Japan, has invented this novel injection that uses a microneedle to extract blood or deliver drug painlessly by using the same suction-based pressure that a female mosquito uses to suck blood. The diameter of the needle is just 30 micro metre. Besides others, this injection will especially benefit diabetes mellitus patients as blood tests are critical for its diagnosis and management. These patients have to check their blood gl...
What is PPF?
Public Provident Fund(PPF) is a savings scheme offered by the Government of India. The interest on the account is paid by the government of India and set every quarter.
Why to invest in PPF?
The principal and interest in the PPF account are guaranteed by the Government. Contributions to the account up to ₹ 1.5 lakh per annum are tax free. Earnings are 100% tax free.
What is the return expected in PPF?
8.0 percentage.(Q4 FY 2018-19)
About Public Provident Fund(PPF)
| Criteria | Value |
|---|---|
| Interest | 8% (Guaranteed) |
| Rate of Return (Appx) | 8% |
| Lock-in period | 15 (Years) |
| Account Holder | All |
| Account Opening Restriction | Only one account allowed per person. Opening of joint accounts and multiple account is not allowed. |
| Maximum Account Opening Age | None |
| Risk Percentage | Zero |
| Place of Purchase | Bank / Post Office |
| Tax On Return | Tax Free |
| Investment Mode | One Time Investment / 12 Installments |
| Loan Against | Loan can be taken against your PPF account between the 3rd and 5th year. The loan amount can be a maximum of 25% of the 2nd year. A second loan can be taken before the 6th year, if the first loan is fully repaid. |
| Minimum Investment (PA) | ₹ 500 |
| Maximum Investment (PA) | ₹ 1.5 lakhs |
| Tax Exemption (PA) | ₹ 1.5 lakhs |
| Premature Withdrawal | After 5 years |
Pros of PPF:
- The principal and interest in the PPF account are guaranteed by the Government.
- Contributions to the account up to ₹ 1.5 lakh per annum are tax free.
- Earnings are 100% tax free.
- Interest Rate for the PPF account is declared by the Government every quarter and is higher than FD rates of many banks in that period.
- Compounding interest gives better earning.
- Monthly investment option more flexible.
- Partial Withdrawal allowed.
- Extension of PPF with/without contribution allowed.
- Loan Against PPF allowed.
- Complete capital protection.
- Easy to open an account from banks or post offices.
- Minimum investment of ₹ 500 only per year gives more flexibility.
Cons of PPF:
- Lock-in period of 15 years.
- NRIs and HUFs cannot open an account.
- Only one account allowed for citizen of India.
- Partial Withdrawal not allowed after 5 Years only.
- The account cannot be closed until maturity.
PPF Returns
Invest ₹ 1000 Per Month.
| Years | Invested Amount | Maturity Amount |
|---|---|---|
| 15 Years | 180000 | 351891 |
| 20 Years | 240000 | 593075 |
| 25 Years | 300000 | 947453 |
| 30 Years | 360000 | 1468150 |
Invest ₹ 2000 Per Month. 8 % Interest.
| Years | Invested Amount | Maturity Amount |
|---|---|---|
| 15 Years | 360000 | 703783 |
| 20 Years | 480000 | 1186150 |
| 25 Years | 600000 | 1894906 |
| 30 Years | 720000 | 2936301 |
Invest ₹ 5000 Per Month. 8 % Interest.
| Years | Invested Amount | Maturity Amount |
|---|---|---|
| 15 Years | 900000 | 1759457 |
| 20 Years | 1200000 | 2965375 |
| 25 Years | 1500000 | 4737265 |
| 30 Years | 1800000 | 7340752 |
Invest ₹ 10000 Per Month. 8 % Interest.
| Years | Invested Amount | Maturity Amount |
|---|---|---|
| 15 Years | 1800000 | 3518914 |
| 20 Years | 2400000 | 5930751 |
| 25 Years | 3000000 | 9474530 |
| 30 Years | 3600000 | 14681504 |
Invest ₹ 12500 Per Month. 8% Interest.
| Years | Invested Amount | Maturity Amount |
|---|---|---|
| 15 Years | 2250000 | 4398642 |
| 20 Years | 3000000 | 7413438 |
| 25 Years | 3750000 | 11843162 |
| 30 Years | 4500000 | 18351880 |
Returns on ₹ 1000,₹ 5000,₹ 10000 and ₹ 12500 Per Month
| Years | ₹ 1000 | ₹ 5000 | ₹ 10000 | ₹ 12500 |
|---|---|---|---|---|
| 15 Years | 351891 | 1759457 | 3518914 | 4398642 |
| 20 Years | 593075 | 2965375 | 5930751 | 7413438 |
| 25 Years | 947453 | 4737265 | 9474530 | 11843162 |
| 30 Years | 1468150 | 7340752 | 14681504 | 18351880 |
Conclusion
Now you have the understanding of Public Provident Fund(PPF). You can choose the best range of investment which will fit for you. You can leave the comments if you have any queries. Thank you so much for reading and have a great day.
You must be an Indian national who resides in your area in order to register a ppf calculator. The name of a qualified minor may likewise be used to open a PPF account.
ReplyDeleteRegistering a trademark is one of the best ways to protect your brand name. Trademarks are visual or verbal representations of a company's positioning, therefore making them valuable assets for businesses.
ReplyDeleteLearn More: Indian Trademark Watch