The Public Provident Fund is an extremely popular investment option in India. Use our user-friendly, easy-to-use, and modern online PPF calculator tool to visualize returns on your PPF investments.
Consider using: Take Home Salary Calculator
PPF Calculator
| Year | Opening Amount | Deposit | Interest Earned | Closing Amount |
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PPF Calculator User Guide
This Online PPF Calculator tool is designed to help users understand and plan their investments in the Public Provident Fund (PPF) scheme available in India. The tool provides a clear breakdown of the invested amount, total interest earned, and maturity value based on user inputs.
Consider using: XIRR Calculator for SIP Investments
How to Use the Online PPF Calculator
- Amount Invested Per Year: Enter the amount you plan to invest in PPF every year. The default value is ₹1,50,000.
- No of Years: Enter the number of years you plan to invest. The default duration is 15 years, which is the typical PPF term.
- Interest: This represents the annual interest rate for PPF. The default is set to 7.1%, but it may vary, so you can adjust it based on the latest rates.
As you adjust these inputs, the tool will dynamically update to show:
- Invested Amount: The total amount you’ve deposited over the specified years.
- Total Interest Earned: The cumulative interest you’ve earned over the specified years.
- Maturity Value: The sum of the Invested Amount and Total Interest Earned, which is the total amount you’ll receive upon maturity.
The tool also provides a line chart depicting your yearly deposit and the interest earned for each year.
Below the chart, there’s a table that gives a year-by-year breakdown of:
- Year: The year of the investment.
- Opening Amount: The amount at the start of the year.
- Deposit: The amount deposited during the year.
- Interest Earned: The interest earned during the year.
- Closing Amount: The total amount at the end of the year, which becomes the opening amount for the next year.
Consider using: SIP Returns Calculator
PPF Calculation Explained
The PPF interest is compounded annually, but it’s calculated on the minimum balance between the 5th day and the end of each month.
For simplicity, our tool provides a reasonably accurate estimate with the following assumptions:
- Monthly Deposits: The yearly deposit is divided into 12 equal monthly deposits.
- Monthly Interest: Interest for a month is computed based on the minimum balance between the 5th day and the end of the previous month.
- Yearly Interest: The monthly interests are summed up to provide the total interest for the year.
How to Invest in PPF?
You can invest PPF via any Bank or post office.
Final Thoughts on PPF Calculator – Public Provident Fund Calculator Online
The PPF Calculator tool provides a comprehensive insight into your PPF investment’s growth over the years. It allows users to plan their investments and understand the returns they can expect.
