New Delhi: The full form of PPF is the Public Provident Fund, a scheme backed by the government. It is an investment instrument chosen by people looking to save regularly for their retirement. It is a long-term investment option with a decent interest rate and also beats inflation, thereby keeping the money safe.
One can use the PPF calculator to determine how much he or she will save in the long run. With the help of the PPF calculator, one can find out the matured amount and also determine how much he or she needs to invest to meet the financial goals.
PPF calculator: How much will you get on Rs 1 lakh investment
If a person invests Rs 1 lakh every year in the PPF, then the matured amount will be Rs 27,12,139. The tenure of maturity in PPF is 15 years and the rate of interest that the PPF offers is 7.10 per cent. The total deposit will be Rs 15,00,000 and the total interest accumulated will be Rs 12,12,139.
If a person invests Rs 1 lakh 25 thousand every year in the PPF, then the matured amount will be Rs 33,90,177. The total deposit will be Rs 18,75,000 and the total interest accumulated will be Rs 15,15,175. On the other hand, if a person invests Rs 1 lakh 50 thousand every year in the PPF, then the matured amount will be Rs 40,68,208. The total deposit will be Rs 22,50,000 and the total interest accumulated will be Rs 18,18, 209.
PPF benefits
Any Indian citizen in the country, employees and self-employed individuals can open a PPF account. Also, Indian citizens can operate it from abroad after opening the account here.
In a year, a maximum of 12 contributions can be made to a PPF account. The minimum deposit per year is Rs 500 and the maximum deposit in a year is Rs.1.5 lakh.
One can use the PPF calculator to determine how much he or she will save in the long run. With the help of the PPF calculator, one can find out the matured amount. Personal Finance Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
