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PPF Account -RETIREMENT CORPUS MONEY

by ANUP DHANNAWAT on Saturday 5 May 2012, 1:42 PM | Category: Retail Banking| View: 1346 views
 
 
 

 Dear All,

 
We all know that one day we will be retireing from our jobs for sure.
So which is the most important utility we need to have ? ....any guess ?
The most important utility is : RETIREMENT CORPUS MONEY !!
Its a cruel fact that when we will retire we will not have any fixed pension plan as Govt of India
has scrapped the same...so what to do then ? Complain ? No... then what ? TAKE ACTION and plan
out for your rainy days ahead coming after 20-30 years.
 
Now its easier said than done....fine. So dear friends I have attached a wonderful retirement corpus generating scheme
(BTW: whats a Corpus ?.....simply understand : UNTOUCHED - APPRECIATED MONEY) for all of you..hence the mail is sent to ALL_WADALA!! The wonderful scheme is PPF [Public Provident Fund] which appreciates your hard-earned money over the years
using POWER-OF-COMPOUNDING, also gives you full benefit under Income Tax-Sec 80C.
 
Key features:
  1. W.E.F 1-DEC-2011: PPF Limit is enhanced to Rs.1,00,000/- per Financial Year. earlier its was Rs.70,000/-
  2. Interest rate Enhanced from 8% to 8.6%
  3. Full Benefit under SEC-80C
  4. Assured money with appreciation as GOVT of India credits Interest.
  5. Full Benefit Can be exploited only when you Invest on/between 1-5 APRIL, as interest calculation of PPF is done PER-FY-BASIS.

Now after reading all the above theory....I would like you to download the Excel - Attachment where I have shown the actual PPF

illustration where you can see how after Investing Rs.1lakh on every 1-APRIL of each Financial Year with discipline you can generate

and reap excellent benefits.

 

Remember Financial Planning / investments should NEVER be an emotional decision, but should be based on mathematics!!

 

Happy Investing...:-)

 

      PPF 1L PA @ 8.6%          
                 
TERM START DATE START AGE END DATE END AGE AMOUNT PA INTEREST PA CORPUS  
1 1-Apr-12 29 31-Mar-13 30 100000 8600.00 108600.00  
2 1-Apr-13 30 31-Mar-14 31 100000 17939.60 226539.60  
3 1-Apr-14 31 31-Mar-15 32 100000 28082.41 354622.01  
4 1-Apr-15 32 31-Mar-16 33 100000 39097.49 493719.50  
5 1-Apr-16 33 31-Mar-17 34 100000 51059.88 644779.37  
6 1-Apr-17 34 31-Mar-18 35 100000 64051.03 808830.40  
7 1-Apr-18 35 31-Mar-19 36 100000 78159.41 986989.82  
8 1-Apr-19 36 31-Mar-20 37 100000 93481.12 1180470.94  
9 1-Apr-20 37 31-Mar-21 38 100000 110120.50 1390591.44  
10 1-Apr-21 38 31-Mar-22 39 100000 128190.86 1618782.30  
11 1-Apr-22 39 31-Mar-23 40 100000 147815.28 1866597.58  
12 1-Apr-23 40 31-Mar-24 41 100000 169127.39 2135724.97  
13 1-Apr-24 41 31-Mar-25 42 100000 192272.35 2427997.32  
14 1-Apr-25 42 31-Mar-26 43 100000 217407.77 2745405.09  
15 1-Apr-26 43 31-Mar-27 44 100000 244704.84 3090109.93 LOCK-IN OVER
16 1-Apr-27 44 31-Mar-28 45 100000 274349.45 3464459.38  
17 1-Apr-28 45 31-Mar-29 46 100000 306543.51 3871002.89  
18 1-Apr-29 46 31-Mar-30 47 100000 341506.25 4312509.14  
19 1-Apr-30 47 31-Mar-31 48 100000 379475.79 4791984.93  
20 1-Apr-31 48 31-Mar-32 49 100000 420710.70 5312695.63  
21 1-Apr-32 49 31-Mar-33 50 100000 465491.82 5878187.45  
22 1-Apr-33 50 31-Mar-34 51 100000 514124.12 6492311.57  
23 1-Apr-34 51 31-Mar-35 52 100000 566938.80 7159250.37  
24 1-Apr-35 52 31-Mar-36 53 100000 624295.53 7883545.90  
25 1-Apr-36 53 31-Mar-37 54 100000 686584.95 8670130.85  
26 1-Apr-37 54 31-Mar-38 55 100000 754231.25 9524362.10  
27 1-Apr-38 55 31-Mar-39 56 100000 827695.14 10452057.24  
28 1-Apr-39 56 31-Mar-40 57 100000 907476.92 11459534.17  
29 1-Apr-40 57 31-Mar-41 58 100000 994119.94 12553654.11  
30 1-Apr-41 58 31-Mar-42 59 100000 1088214.25 13741868.36  
31 1-Apr-42 59 31-Mar-43 60 100000 1190400.68 15032269.04  
32 1-Apr-43 60 31-Mar-44 61 100000 1301375.14 16433644.17  
33 1-Apr-44 61 31-Mar-45 62 100000 1421893.40 17955537.57  
34 1-Apr-45 62 31-Mar-46 63 100000 1552776.23 19608313.80  
35 1-Apr-46 63 31-Mar-47 64 100000 1694914.99 21403228.79  
36 1-Apr-47 64 31-Mar-48 65 100000 1849277.68 23352506.47  


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