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How to become a Crorepati with a Public Provident Fund (PPF) account

Public Provident Fund (PPF) in big text along with an image of piggy bank and a logo of Department of Economic Affairs

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Discover the path to becoming a Crorepati through smart PPF investments. Start early, invest consistently, and reap rewards.

Becoming a crorepati, someone with a net worth of one crore rupees or more, might seem like a distant dream. But with the power of smart financial planning and the right investment vehicle, it's an achievable goal, if you start early. One such excellent investment option is the Public Provident Fund (PPF) account. In this article, we'll show you how to leverage the magic of "investing early and consistently throughout life" to build significant wealth with a PPF account.

1. Start Early:

The key to accumulating wealth is to start early. The sooner you begin investing, the more time your money has to grow. A PPF account allows you to start as early as 18 years of age, so don't wait; begin your PPF journey now.

2. Power of Compounding:

One of the most remarkable aspects of a PPF account is the power of compounding. Your invested money earns interest, and that interest, in turn, earns more interest. Over time, this compounding effect can significantly boost your savings.

3. Consistency is Key:

To become a crorepati with a PPF account, you must be consistent with your investments. Aim to deposit money into your PPF account every year, ensuring that you don't miss the annual minimum deposit requirement.

4. Maximize Contributions:

Every year, invest the maximum amount allowed in your PPF account. As of my last knowledge update in September 2021, the maximum annual contribution was ₹1.5 lakh. By doing so, you'll maximize the benefits of the PPF's tax-free interest earnings.

5. Long-Term Commitment:

Understand that PPF is a long-term commitment. The account matures in 15 years, but you can extend it in blocks of five years, giving you the opportunity for continued growth.

6. Tax Benefits:

PPF offers excellent tax benefits. Your investments are eligible for deductions under Section 80C of the Income Tax Act. Moreover, the interest earned and the maturity amount are tax-free.

7. No Market Risks:

Unlike some other investment options, a PPF account doesn't expose you to market risks. Your money is secure, and you'll earn a fixed, government-declared interest rate (2023 – 24 - 7.10%).

8. Be Patient:

Becoming a crorepati with a PPF account requires patience. It may take a couple of decades, but the financial security and wealth you'll enjoy in the end are well worth it.


Becoming a crorepati through a PPF account is not a far-fetched goal. By investing early, being consistent, and making the most of the power of compounding, you can steadily build significant wealth over time. So, consider opening a PPF account today, and watch your wealth grow with time. Remember, the journey to financial success begins with that first step.