PPF V02= Personal Finance #Finance

hi everyone welcome to the wonderful CashNews.co of the Credit card life my name is Amit with the help of this CashNews.co I want to talk about kind of Inc continuation to my personal text-decoration: none;">Finance CashNews.co and this particular CashNews.co is a followup on my first CashNews.co called public Provident fund which is a safe as a house investment for a lot of young people and this is one specific transaction which I wholeheartedly recommend and

invite people to do if you are in a very early Income criteria let’s say starting from 21 to 27 years of age even after that I’ll always recommend that but then post of that you become mature you become financially responsible so you know multiple ideas of mutual funds

Stock Market blah blah blah but if you are in the early 20s and 21 and you’re starting or you’re earning and you happen to have a bank account one of the key Investments I would rather want you to do is start ppf investment from a very very tender age

now I have already published the certain dos and don’ts about who can open who who all are eligible what is the basic requirement can a person with a certain uh deficiency and all those things can they open that or can a child open all these things are already there in the ppf version

CashNews.co one now this is CashNews.co number two in this CashNews.co I want to give you a rough calculation about how much money are going to get after investing in ppf and why you should invest number one it is is safe as a house for an example these uh transactions are backed by government of

India and whenever there is an authority of government of India backed by government of India your house your money in ppf is going to be safe as a house so it cannot be a challenge it cannot be taken for a toss it cannot be lost the most important part in any kind of because it’s backed by

government of India directly Point number two it starts with a min minimalistic approach of 500 rupees so I have a calculation which I would like to present in front of you and post uh hearing me out let me know in the comment if you feel that calculation is good enough for a beginner like you or

not Point number one let’s say every month you invest 1,041 rupees in account called public Provident fund ppf now the duration is of 15 years that you cannot withdraw the whole amount before 15 years so it’ll be in in investment for 15 years uh Point number three the average rate of

return right now is 7.1% at least for this quarter from October to December so that’s the only interest you’re going to get at the rate 7.1% now if you’re investing 1041 at the rate of 7 41% and whatever for let’s say 12 months uh 12 months in a year and you happen to do for

15 years nonstop then the overall investment which you will be depositing in the government Treasury is 1 lakh 87,500 this will be your investment which you’ll be giving to government of India through ppf support and the moment you complete 15 years of transaction by just

depositing 1,41 rupees which can be taken for a ride for a any kind of food party or you know alcohol and all those things or even a cigarette for an example uh that can be saved in that particular corner all right so one 41 into 12 if you multiply it goes 12,500 perm multiply by 15 1 87,500 and

some change so that’s the total amount you invest in return what you get is a magical figure so it remains invested for 15 years and when you withdraw it’s going to be at 339,50 15,000 rupe salary or 20,000 rupe salary 25,000 rup salary isn’t this a bet which is safe as a house I

think in my books it is surely because we invest so much on parties petrol expenses mobile phones and gift and mark my words I have also made the same mistakes so today I’m at 37 I’m giving you advice that you know I still have beautiful 23 years to go before I retire if you’re

young and hungry and probably looking to grab some money or money which can save you when you go old this is one of the nicest option you have right now on your plate so go ahead start ppf and you can ask about this with to anybody and nobody says no to ppf if you are a beginner if you are a

beginner in the financial world I hope this conversation about investment saving Financial uh help to you when you are beginning your career in Finance and probably trying to

save money is going to make a some difference in your valuable life if it does a like a thumbs up a comment and probably more information about how to save money in the comment will be much appreciated till next time you take care and thanks for watching