PPF Investment Account in which depositing 5000 every month can take a profit of 16.25 lakhs.

You can consider this scheme as a long term savings option. You can invest in this plan as a SIP.

During today people also deposit their money in post office schemes, post office also provides various schemes.

Public Provident Fund (PPF) is a very good scheme, which you can consider as a long term savings option and invest like SIP.

The interest rate on Public Provident Fund (PPF) is higher than that of FD or RD, i.e. by depositing small amount every month, big returns can be taken.

Make 5 thousand rupees every month in PPF account, on which 7.1% interest rate will be charged.

Under Public Provident Fund (PPF) up to 1.5 lakh can be invested in a year and can be deposited in 12 installments as well.

PPF offers an interest rate of 7.1% per annum which is completely tax free under section 80C of the Income Tax Act.

The minimum deposit amount can be Rs 500 and maximum Rs 1,50,000 per annum. The account remains blocked for 5 years.