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The Public Provident Fund (PPF) was introduced in India in 1968 to encourage people to save small amounts of money by investing it with the benefit of earning returns. PPF is a popular choice for many savers because the returns are not taxed. It's like a savings plan that also helps you save on taxes. If you want a secure way to invest, save on taxes, and earn guaranteed returns, opening a PPF account is a good option.
If figuring out investment numbers isn't your strong suit, don't worry! For those planning to invest in PPF but unsure about how much to invest or the returns they might get, our PPF calculator is here to help.
Once you know how much you can invest regularly, the calculator assumes a 15-year period and the current interest rate to estimate the returns. It takes the guesswork out of PPF investments.
The interest on PPF gets added up each year. To figure it out, you can use this formula:
F = P[({(1 + i) ^ n}-1)/i]
In this formula:
| Formula for PPF Interest Calculation | Total Amount = P × [(1 + r)^n - 1] / r |
| Example Values | - |
| Annual Deposit (P) | Rs. 80,000 |
| Interest Rate (r) | 6.50% |
| Number of Years (n) | 10 |
| Total Amount Calculation | Rs. 80,000 × [(1 + 0.065)^10 - 1] / 0.065 = Rs. 10,05,413 |
The table includes the formula for PPF interest calculation along with the specific values used in the example, resulting in the total amount at the end.
Step 1: Select how often you'll contribute to your PPF - monthly, quarterly, half-yearly, or yearly.
Step 2: Specify the amount you plan to deposit each year (maximum Rs. 1.5 lakh).
Step 3: The calculator instantly shows the estimated total amount you'll have at maturity, including accrued interest.
Step 4: Slide the indicator left or right to choose your desired investment period (minimum 15 years).
1. Savings: Knowing your potential PPF returns empowers you to make informed financial choices about your future.
2. Goal-oriented Finance: Feeling the projected amount isn't enough? Adjust your contribution frequency or amount to reach your goals faster.
3. Simple & Transparent: The user-friendly interface makes understanding your PPF growth easy, without financial jargon.
4. Flexible for Everyone: Whether you're a salaried professional or self-employed, the calculator caters to your investment needs.
Don't let retirement planning be a hard thing. Take control of your future with the Suvit PPF Calculator. Gain clear insights into your potential PPF earnings and make informed decisions for a secure tomorrow.
