Public Provident Fund (PPF) continues to remain one of the most popular long-term small savings scheme options for investors looking for fixed and tax-efficient returns. Backed by the central government, PPF is popular among salaried individuals and conservative investors who want to build a retirement corpus steadily without taking market risks.
But do you know even if you start investing in PPF at 30 years of age, you can still build a tax-free retirement corpus of Rs 1.54 crore by age 60. All you need to do is to continuously invest Rs 1.5 lakh/year for 30 years.
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