PPF Calculator Online

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Rate of Interest
7.1 %

   


A Public Provident Fund (PPF) calculator is a tool used to calculate the returns on investment in a PPF account. It helps determine the maturity amount, interest earned, and contributions required to meet financial goals. PPF is a popular long-term investment option in India.

What is a PPF calculator??

Handling calculations may be a piece of cake for some of us. If you are designing to invest in PPF and are still determining how much to invest or how much returns you may gain on investing a certain amount, our Public Provident Fund calculator is here for you.

Once you consider the amount you can afford to invest regularly, the calculator considers the tenure to be 15 years and the prevailing interest rate to calculate the returns.

How Can PPF Calculator Help You?

When you are new to investing, using online calculators can help you get a clear idea of the various investment option. In the case of PPF, using an online PPF calculator can be a big help.

  • You can get a clear picture of the growth of your PPF investment and the interest you will earn over time.
  • Using a PPF calculator, you can determine how much you must invest annually or monthly to reach your target corpus.
  • You can use a PPF calculator for free multiple times and not need to install any additional software.
  • Since this is an automated tool, the risk of errors arising from manual calculation is eliminated.
  • Most PPF calculators show the results graphically, making the results easy for all users to understand.

PPF Calculator in Different Modes:

You can get the ppf calculator in different modes. Some of the modes that you may come across are:

  • Fixed annual amount
  • Fixed monthly amount
  • Variable annual amount
  • Variable monthly amount

Each mode has a particular outcome depending on your scenario.

How to Opening a PPF Account?

PPF accounts can open in post offices, nationalized banks and major private banks.

  • You can also open a Public Provident Fund account online through net banking in several private banks.
  • If you are NRI (Non-resident of India), you cannot open a PPF account. Still, if you already had a PPF account before you became NRI, you can continue to hold a PPF account until its maturity period.
  • Once the account has opened, a PPF passbook is issued, like the bank passbook.
  • All transactions, such as subscriptions, interest, withdrawals, etc., are recorded in this passbook.
  • Some banks allow PPF entries or PPF balances to be viewed instead of issuing a passbook.
  • Remember that your amounts would lock in for 15 years in a Public Provident Fund Account.
  • You can only have one Public Provident Fund account at a time. Multiple Public Provident Fund accounts for the same holder are not allowed.

How Does the PPF Calculator Work?

A Public Provident Fund calculator works on the following formula-

F = P[({(1 + i) ^ n}-1)/i]

where,

F :is the maturity amount of PPF

n:is tenure

p:is the principal amount

i:is the rate of interest

Example:

Here is the example to understand better

Suppose you make annual Rs. 1,00,000 towards your PPF account for 15 years at 7.1 Percentage.

Now, according to the formula mentioned above, your maturity proceeds at the end of year 15 would be -

F = P[({(i+1)^n}-1)/i]

F = 1,00,000[({(7.1/100 + 1)^15}-1)/7.1/100]

F = Rs. 31,17,276

Hence, the total amount you would accumulate in your account at the end of 15 years would be Rs.31,17,276 if you invest Rs.1,00,000 in your PPF account annually.

How to Use the Public Provident Fund (PPF) Calculator?

Our PPF calculator has a user-friendly and self-explanatory interface. However, if you are a beginner to using online calculators, here's a simple step-by-step process to make use of this free calculator:

Step 1:

You will find a drop-down menu in the 'Frequency of Investment' field. Click on the drop-down menu to search the options, such as half-yearly, monthly, quarterly, and yearly. Choose an option from the drop-down menu based on how often you can deposit into the Public Provident Fund account within a financial year.

Step 2:

Under the "Yearly Deposit Amount", enter the amount you plan to deposit in your Public account over a financial year. The maximum you can deposit in the account is Rs.1.5 lakh per financial year.

Step 3:

The Rate of interest current had provided by default for your information.

Step 4:

Click on the circle of blue and move the pointer to the right size based on the years you want to stay invested in the Public account. The default choice here is 15 years, the minimum investment period. At the end of the right of the slide, you can visit the numeric value of your options.

Step 5:

Our PPF calculator automatically calculates the maturity value from the Public account you can expect based on the valores you have provided and the Rate of interest applicable in the present day.

Advantages of using a PPF Calculator:

PPF account calculator is an easy-to-use online tool that can provide details of the interest earned and the maturity value of your Public Provident Fund investments at maturity.

Here are a few advantages of using a PPF calculator: -

  • Helps in Investment Planning
  • Planning your financial goals is much easier when you know your returns before investing. PPF is a scheme that offers guaranteed returns at a fixed interest rate after a specific period. A PPF calculator can give you a good idea of your expected returns.
  • Free Unlimited Usage
  • PPF calculators online can use for free unlimited times. So you can calculate the growth of your PPF investments using different investment amounts and different investment frequencies at no cost. It can help you plan your investment goals better.

Conclusion:

A PPF calculator is a useful tool to help investors plan their long-term investments in a PPF account. It provides accurate calculations of the maturity amount and interest earned based on the contributions made over the years. However, investors must remember that the actual returns may vary based on the prevailing interest rates, and the calculator's results are only indicative. Overall, it's a handy tool for PPF investors to estimate their returns and make informed investment decisions.


FAQ'S


What is the benefit of using a PPF calculator?

This computing device lets users clearly understand how much interest can earn by investing a certain amount.

With the assistance of a PPF calculator, you can have saved from paying a hefty tax.

Do I need to put the same amount in PPF every year?

You can invest a fixed amount or varying amounts each year. As per Government rules, your PPF account will give you 0.25% more than the interest rate on the 10-Year G-Sec Bond. Historically, the 10-year G-Sec bond has given interest of approximately 7.50% to 8.0% per annum.

Which is better in PPF, monthly or yearly?

To maximize the interest payout on PPF deposits, you should deposit by the 5th of the month, and the sooner in the financial year, the better. If you deposit towards the end of the financial year in March, you will save income tax but earn interest only for one month—March—for that FY.

Can I deposit two times a month in PPF?

A person is allowed to make a maximum of 12 deposits per financial year in the PPF account. Also, such deposits can be up to 2 in any particular month.

How are years counted in PPF?

It is that easy. Therefore, if you opened your PPF account on November 4, 2014, the date falls within the fiscal year 2014-2015, and the fiscal year ended on March 31, 2015, your account will consider having opened during the 2014-2015 fiscal year.

Is PPF interest calculated monthly or daily?

The interest in your PPF account is calculated every month but credited at the end of the financial year.