PPF Calculator
A PPF Calculator helps estimate the maturity amount and interest earned over time when investing in a Public Provident Fund account.
If you’re a new employee or a financially responsible parent looking to secure your future, a PPF account is an excellent choice. However, calculating the interest and returns manually can be a bit tricky. That’s where a PPF account calculator comes in handy—it simplifies complex computations and helps you plan your savings with ease.
Key Highlights of PPF
- Scheme Tenure: 15 years (can be extended in blocks of 5 years)
- Minimum Investment: ₹500/year
- Maximum Investment: ₹1.5 lakh/year
- Interest Rate: Set by the government (currently ~7.1% p.a.)
- Compounding: Annually
- Tax Benefits: Under Section 80C (EEE status – Exempt, Exempt, Exempt)
PPF Formula and Explanation
A = Total maturity amount
P = Yearly investment (assumed fixed)
r = Annual interest rate (as a decimal)
n = Tenure (in years)
Example:
Shreyash starts investing 50000 yearly in PPF he invested for 15 years the same amount with the interest rates as 7.1% so at the end of 15 years after inserting the values in the calculator we got
Total Amount Invested: ₹750000.00, Total Interest Earned: ₹606069.74, Maturity Amount: ₹1356069.74
FAQs
Can I change the amount I invest yearly?
Yes, you can vary the investment each year within ₹500 to ₹1.5 lakh.
Can I withdraw before 15 years?
Partial withdrawals are allowed after 7 years; full maturity is after 15 years.
Is PPF taxable?
No. Contributions, interest earned, and maturity amount are all tax-free under Section 80C.
Can I transfer my PPF account to another branch or office?
Yes, you find the liberty to transfer the account to another office or branch.
What factors does a PPF Calculator consider?
A PPF calculator considers factors such as your deposit amount, investment duration, frequency of investments (monthly, quarterly, semi-annual or annual) and current PPF interest rate.
Is PPF calculator free to use?
ToolsandGame PPF calculator is free to use and you even do not need to login