The Public Provident Fund (PPF) is a popular long-term savings scheme in India, offering tax-free interest and guaranteed returns. The PPF interest rate is set by the Government of India every quarter and is compounded annually.
You can make monthly or yearly PPF contributions, and the interest is calculated on the lowest balance between the 5th and the end of each month. However, the final interest is credited at the end of the financial year.
To maximize your returns, it’s recommended to deposit your PPF amount before the 5th of each month. The PPF maturity amount depends on the invested amount, interest rate, and investment tenure.
This PPF calculator is a useful online tool designed to help you calculate your PPF maturity amount based on your monthly or yearly PPF contributions, the current PPF interest rate, and the selected investment tenure (up to 15 years).
With this Public Provident Fund calculator, you can plan your long-term savings and visualize your returns. It also provides a pie chart breakdown showing the total investment and interest earned over the investment period.
This tool is ideal for anyone looking to maximize returns from the PPF scheme, helping you make informed financial decisions and achieve your tax-saving investment goals.