PPF Calculator
What is PPF Calculator?
A PPF Calculator is an online tool designed to help individuals estimate the returns on their investments in a Public Provident Fund (PPF) account. PPF is a popular long-term savings scheme in India, backed by the government, offering tax benefits and attractive interest rates. Taking into account things like the principal amount, interest rate, and investment duration, the calculator makes it easier to calculate how much your investment will grow over time.
Formula Used:
The PPF calculator uses the following formula to compute the maturity amount:
Where:
- A = Maturity amount
- P = Annual investment amount
- r = Annual interest rate (expressed as a decimal, e.g., 7.1% = 0.071)
- n = Investment tenure in years
Example:
Let’s say:
- Annual Investment (P): ₹1,50,000
- Interest Rate (r): 7.1% (0.071)
- Tenure (n): 15 years
Using the formula:
The calculator computes the maturity amount, which would be approximately ₹40,68,209.
Frequently Asked Questions
As of 2024, the PPF interest rate is 7.1% per annum, subject to quarterly revisions by the government.
Yes, all our calculators are completely free and do not require any registration or payment.
Your account becomes inactive, and you must pay a penalty (₹50 + minimum ₹500 for each inactive year) to reactivate it.
PPF investment ranges from ₹500 (minimum) to ₹1.5 lakh (maximum) per financial year.
Yes, PPF accounts can be transferred between banks and post offices by submitting a transfer request form.
PPF investment ranges from ₹500 (minimum) to ₹1.5 lakh (maximum) per financial year.
