₹500 to ₹1.5 lakh a year.
Set by the government each quarter; 7.1% has applied for some time. Check the current rate.
15 years, extendable in blocks of 5.
- You deposit
- ₹22.50 L
- Interest earned
- ₹18.18 L
- Value at the end
- ₹40.68 L
Deposit made at the start of each year, interest compounded yearly; the rate is assumed to stay the same.
For working things out, not investment advice.