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  • Post Office Savings Scheme: How Rs 5,000 monthly investment can grow to Rs 16 lakh

Post Office Savings Scheme: How Rs 5,000 monthly investment can grow to Rs 16 lakh

Invest just Rs 5,000 monthly and receive Rs 16 lakh! The Post Office's incredible scheme is attracting everyone.

1 Min read
Ajay Joseph
Published : Oct 23 2024, 05:22 PM IST
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15

Now, deposit Rs 5,000 monthly and get Rs 16 lakh! This amazing scheme lets you earn lakhs. Nothing compares to this scheme for secure investment. Invest risk-free.

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25

The Post Office introduces this excellent PPF scheme. This is a government project. Investing in this scheme yields a 7.1% interest rate. The Post Office offers a great interest rate.

35

Who can open this account? Pensioners, self-employed, middle-class, and working individuals can open a Public Provident Fund account.

45

Joint accounts are not permitted by the Post Office. Minors can also open an account under this scheme, but only parents or legal guardians can open it.

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This scheme also offers income tax benefits. Under Section 80C, deductions up to Rs 1.5 lakh are available.

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About the Author

AJ
Ajay Joseph
With over eight years of journalistic experience, Ajay Joseph Raj. P has been a dedicated member of the Asianet Newsable team, where he serves as the Chief Copy Editor. His expertise spans Business, Career, Stock Market, National, International, and viral/trending topics, with a knack for crafting compelling narratives that connect with diverse audiences.Before joining Asianet Newsable, Ajay honed his skills at OneIndia News and Opoyi English, gaining extensive experience in delivering impactful stories across various beats.
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