Public Provident Fund (PPF) is a saving schemes offered by the Government of India. It can be opened through any bank in India. The interest rate on the PPF account is revised every quarter. Generally, the interest rate ranges between 7% to 8%. It has a fixed tenure of 15 years up to which you cannot make any withdrawals. However, there is one exception that partial withdrawal can be made after 7 years of tenure.
Based on the interest rate and invested amount, the maturity amount can be calculated. You can either use an excel sheet or a PPF calculator specially designed to calculator the PPF amount. It’s available at most of the financial portals. You just need to enter the investment amount to get the result of the matured amount. One can invest up to 1.5 Lakhs in a year which can also be used for tax deduction purpose.
Additional Reading: How beneficial is it to invest in PPF?
Additional Reading: How to check PPF account balance