Invest ₹1.5 Lakh Yearly and Get ₹60,000 Every Month After Retirement
Saving for retirement is very important. Many people know about the Public Provident Fund (PPF). It is great for long-term savings. But did you know PPF can also give you a monthly income of more than ₹60,000 after retirement? Yes, it’s possible! Let’s understand how.
Smart senior citizen investment! Use PPF to earn ₹60,000 monthly pension after retirement with just ₹1.5 lakh yearly deposit. Learn this powerful saving trick!
What Is PPF and How Does It Work?
PPF is a government-backed savings scheme. You can deposit up to ₹1.5 lakh every year. It gives 7.1% interest (as of now), which is compounded yearly. The lock-in period is 15 years, but you can extend it in blocks of 5 years.
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Invest for 25 Years to Build Over ₹1 Crore Fund in Senior Citizen Investment Scheme
If you deposit ₹1.5 lakh every year for 25 years:
- Total investment = ₹37.5 lakh
- Interest earned = ₹65.58 lakh
- Total fund = ₹1.03 crore
This is without taking out any money and by extending the PPF account twice (after 15 years, and again after 20 years).
How to Get ₹60,000 Every Month from PPF for Senior Citizen Investment?
Now, here’s the trick:
- After 25 years, keep the full ₹1.03 crore in the PPF account.
- Do not withdraw the full amount.
- Just withdraw the yearly interest, which is approx. ₹7.31 lakh.
- ₹7.31 lakh divided by 12 months = ₹60,989 monthly income
This way, you enjoy a steady monthly income, and your ₹1.03 crore stays safe.
Also Read: You Won’t Believe What Rs 13 Lakh MF Investment Can Turn Into in 20 Years
Important Step: Extend Your PPF Account on Time
To continue investing after 15 years:
- You must submit a written request to the bank or post office.
- Do this within 1 year of maturity.
- This allows you to extend the PPF in 5-year blocks and continue contributing.
A Smart Investment for Retirement
This smart PPF trick is perfect for those who want a safe, steady monthly pension in their senior years. It’s one of the best senior citizen investment options with zero risk and good returns. Just stay committed for 25 years, and enjoy peace of mind after retirement!
READ MORE: How to Build a Rs 1 Crore Corpus: The 15/15/15 Rule of Mutual Fund Investing
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