| Invested amount | ₹0 |
| Total interest | ₹0 |
| Maturity value | ₹0 |
The first step to managing wealth is saving money. There are plenty of options for savings accounts out there, but you should look for ones that don't require you to take any risks in exchange for big returns. One of the most popular features is PPF accounts. It is recommended that you invest your hard-earned money in a Public Provident Fund (PPF) account.
If you're a new employee or a responsible parent trying to save for the future, PPF is your best bet. It can be difficult to figure out the returns and interest rates on your PPF account. A PPF account calculator can make these difficult calculations easier.
This financial tool can be used to find answers to inquiries regarding Public Provident Fund accounts. After a predefined period of time, several conditions must be satisfied to calculate the maturity amount. It also keeps an eye on the growth of your capital. PPF savings account holders are aware of changes in monthly interest rates.
These days, keeping an eye on shifting rates is easier. However, the PPF interest rate calculator has made it easier for account holders to find monthly interest changes. There are a lot of easy-to-use PPF investment calculators on the market; HR HUB is just a means to find trustworthy ones.
HR HUB calculates the amount deposited, interest, and other factors using a formula. The following formula has been provided:
F = P [({(1+i) ^n}-1)/i]
This formula represents the following variables –
| I | Rate of interest |
| F | Maturity of PPF |
| N | Total number of years |
| P | Annual instalments |
An example is given to help you understand how the PPF calculation is done. Using a responsive PPF calculator simplifies this calculation.
A person investing Rs. 1,50,000 a year for 15 years at a 7.1% interest rate in PPF will have Rs. 40,68,209 at closing at the end of the investment term.
A quick review of the opening and closing balances, the amount withheld, the interest rate, and the withdrawal amount will definitely be helpful. Take a look at the table provided below.
| Year | Opening amount | Deposit | Rate of interest | Closing amount | Loan | Amount withdrawn |
|---|---|---|---|---|---|---|
| 1 | 0 | Rs.150000 | Rs. 11400 | Rs. 161400 | 0 | 0 |
| 2 | Rs. 161400 | Rs. 150000 | Rs. 23666 | Rs. 335066 | 0 | 0 |
| 3 | Rs. 335066 | Rs. 150000 | Rs. 36865 | Rs. 521931 | Rs. 40350 | 0 |
| 4 | Rs. 521931 | Rs. 150000 | Rs. 51067 | Rs. 722998 | Rs. 83767 | 0 |
| 5 | Rs. 722998 | Rs. 150000 | Rs. 66348 | Rs. 939346 | Rs. 130483 | 0 |
| 6 | Rs. 939346 | Rs. 150000 | Rs. 82790 | Rs. 1172136 | Rs. 180750 | 0 |
| 7 | Rs. 1172136 | Rs. 150000 | Rs. 100482 | Rs. 1422618 | 0 | Rs. 260966 |
| 8 | Rs. 1422618 | Rs. 150000 | Rs. 119519 | Rs. 1692137 | 0 | Rs. 361499 |
| 9 | Rs. 1692137 | Rs. 150000 | Rs. 140002 | Rs. 1982139 | 0 | Rs. 469673 |
| 10 | Rs. 1982139 | Rs. 150000 | Rs. 162043 | Rs. 2294182 | 0 | Rs. 586068 |
| 11 | Rs. 2294182 | Rs. 150000 | Rs. 185758 | Rs. 2629940 | 0 | Rs. 711309 |
| 12 | Rs. 2629940 | Rs. 150000 | Rs. 211275 | Rs. 2991215 | 0 | Rs. 846069 |
You need to understand how this computing tool works to get the most out of it. It is an investment worth making because of its accurate and easy-to-use information. All the user needs to do is enter values into the appropriate columns, which are good to go. The information that needs to be entered into this PPF amount calculator includes tenure, total amount invested, interest earned, and amount invested monthly or annually.
As soon as the values have been entered in the required fields, the total maturity amount will be displayed in seconds.
For deposits made on April 1st, interest is calculated based on the financial year. Inflation may impact this interest rate.
Below is a list of benefits of using an online PPF calculator. Please review it right now.
This computer tool makes it simple for users to see how much interest they can get in investments of a given amount of money.
With the aid of this calculator, you can save money by avoiding having to pay a significant tax.
Selecting an investment's maturity period can be difficult, but the PPF calculator in India can make it easier.
Additionally, it projects the total amount spent during a fiscal year.
The deposit amount and type (variable or fixed) must be entered into the computing device to ensure that the user receives an accurate result.
The government determines and updates the PPF interest rate every quarter. It's crucial to check the most recent rate on reputable financial news sources or the official government website. For example, The current PPF interest rate is 7.1% (Q1 of FY 2024-25).
A minimum yearly investment of ₹500 is required for a PPF account, and a maximum annual investment of ₹1.5 lakh is allowed.
Generally, there is no specific age limit for opening the PPF account. Both the adults and kids can open their PPF account, but the condition with the kids is that the parents/guardians will take care of the kid’s account.
If you don't contribute, your PPF account will become dormant. To renew it, you must pay the minimum annual deposit of ₹500 plus a penalty of ₹50 for each year you skipped.
No, the PPF maturity amount is not subject to any taxes. Contributions to PPF are tax deductible under Section 80C of the Income Tax Act, and any interest earned is tax-free.
Yes, when your PPF account matures, which happens after 15 years, you can extend it in five-year increments. Throughout the duration of the extension, you can continue to make contributions and earn interest on your balance.
Yes, partial withdrawals are allowed beginning with the seventh fiscal year. 50% of the balance at the end of the fourth fiscal year or the first fiscal year before the year of withdrawal, whichever is smaller, is the maximum that can be taken.
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