PPF Account -RETIREMENT CORPUS MONEY

by ANUP DHANNAWAT on Saturday 5 May 2012, 1:42 PM | Category: Retail Banking| View: 859 views


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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:

W.E.F 1-DEC-2011: PPF Limit is enhanced to Rs.1,00,000/- per Financial Year. earlier its was Rs.70,000/-
Interest rate Enhanced from 8% to 8.6%
Full Benefit under SEC-80C
Assured money with appreciation as GOVT of India credits Interest.
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