CalculatorsPPF Calculator

PPF Calculator

The Public Provident Fund is a great bet for your tax savings, as well as your financial stability. Or is it? Try this calculator to see for yourself.

How it works

Scroll over to the FAQ section understand all about PPFs. In short, this PPF calculator works like any compound interest calculator by using this formula:

A = P[({(1+r)n}-1)/r]

Where:

A is the amount you get back at maturity
P is the annual installment you put into your PPF
r is the rate of interest
n is the number of periods of investment

The rate of interest assumed is 7.1%. However, this amount changes every year.You can invest any amount you like in a PPF, but you're only eligible for ₹1.5 lakh annual deduction from your taxable income. Once you start investing in a PPF, you need to put in a minimum of ₹500 to stay invested.

FAQs

What is meant by a PPF calculator?

How can I calculate my PPF amount?

How does this PPF calculator work?

Benefits of using the Fi Money PPF calculator

Disclaimer: The above content is for informational purposes only and is not meant to be taken as investment, financial, or any other kind of advice. This is not a solicitation, recommendation, endorsement, or offer to buy or sell any securities or other financial instruments.

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