Post Office’s Millionaire Scheme: Earn 1 Crore with Rs 12,000 Monthly Investment, Here Is How

Investing money can be a great way to grow your wealth if you know how to do it properly. The Post Office’s Public Provident Fund (PPF) scheme is one such investment option that can help you create a substantial corpus in the long run.

Safe and Secure Investment

One of the best things about the PPF scheme is that it is a safe and secure investment option that is not affected by the ups and downs of the market.

The government decides the interest rates, which are reviewed on a quarterly basis. At present, the PPF scheme in the post office offers an annual interest rate of 7.1 percent.

How to Open a PPF Account

You can open a PPF account at a post office or a bank branch with just Rs. 500. You can deposit up to Rs. 1.50 lakh annually in this account.

And the maturity period of the account is 15 years. After maturity, you can extend the account for another 5-5 years.

Become a Crorepati by Investing Rs. 12,500 Every Month

If you invest Rs. 12,500 every month in a PPF account for 15 years, you can get a total of Rs. 40.68 lakh on maturity.

Your total investment in this will be Rs. 22.50 lakh, and your interest income will be Rs. 18.18 lakh.

This calculation assumes an interest rate of 7.1 percent per annum for the next 15 years.

The amount received on maturity can change if the interest rate changes. The interest earned in PPF is compounded.

How to Earn Crores with the PPF Scheme

If you want to become a millionaire through the PPF scheme, you can extend it twice for 5-5 years after the 15-year maturity period.

In this way, your total investment period will be 25 years, and you will receive Rs. 1.03 crore at the end of it.

Your total investment during this period will be Rs. 37.50 lakh, and your interest income will be Rs. 65.58 lakh.

Please note that you need to apply one year before maturity to extend the PPF account, and it cannot be extended after maturity.

Tax Benefits

The PPF scheme also provides tax benefits under section 80C of Income Tax. You can claim a deduction on investment up to Rs. 1.5 lakh in the scheme. PPF interest and maturity amount are also tax-free.

In conclusion, the Post Office’s Public Provident Fund (PPF) scheme is a safe and profitable investment option that can help you create wealth in the long run.

It provides tax benefits, and you can become a crorepati by investing in it smartly.


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