One of the best tools for making money for everyone is the Public Provident Fund, also known as PPF. On a monthly or yearly basis, investors can invest funds in their provident fund account and make money even as they sleep. However, there are more than one way to invest in your PPF account. And the same can be made clear through the PPF interest rate calculator. In fact, PPF interest rate is so high that an investor can easily turn Rs 1.5 lakh into a substantial sum of over Rs 40 lakh. PPF interest rate is a massive 7.1% currently.
The only thing required from a PPF investor is to remain disciplined and focused as the years pass by. All they have to do is check what their PPF account balance is on a regular basis and watch their money grow.
In case you want to know how to invest in PPF and that too in the best way possible to get the maximum amount of profit, then adopt this method. Instead of investing small sums month after month throughout the year, the best way to invest in PPF is to take Rs 1.5 lakh right at the beginning of the year and deposit it in your PPF account diligently.
Not just that, you must go and deposit the money in your PF account before April 5 every fiscal. In case you are depositing via a cheque, make sure you deposit it 2-3 days before that.
So, what kind of PPF profit are we eyeing here? According to the PPF interest rate calculator online, if you deposit Rs 1.5 lakh right at the beginning of the fiscal year for 15 years, you are set to get a huge amount of Rs 40,68,209.
Check the PPF interest rate calculator table below:
Financial Year
Amount Deposited (Rs)
Interest Earned (Rs)
Year End Balance (Rs)
1
150000
10650
160650
2
150000
22056.15
332706
3
150000
34272.14
516978
4
150000
47355.46
714334
5
150000
61367.7
925701
6
150000
76374.8
1152076
7
150000
92447.41
1394524
8
150000
109661.18
1654185
9
150000
128097.12
1932282
10
150000
147842.02
2230124
11
150000
168988.8
2549113
12
150000
191637.01
2890750
13
150000
215893.23
3256643
14
150000
241871.65
3648515
15
150000
269694.54
4068209
HDFC Bank
And the best part is that the PPF account holder would have invested just Rs 22,50,000 of his own money. The PPF interest that he received on this sum is a massive Rs 18,18,209!
PPF interest rate calculator shows the best way to invest in your Public Provident Fund account to earn over Rs 40 lakh. Personal Finance Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
