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About PPF Calculator
Here are some of the common advantages that can be availed from a PPF investment:
PPF calculator is a handy tool when it comes to performing some of the most complicated PPF related calculations. Using the PPF calculator you can easily calculate the year-wise PPF returns you can earn by contributing to your PPF account over a predetermined time period and with a specific frequency.
This is a versatile tool that can be found online and investors don’t need to use separate bank-wise calculators such as SBI PPF Calculator, PNB PPF Calculator, India Post PPF Calculator or HDFC PPF Calculator. This is because interest rate, maturity, taxation and withdrawal rules are determined by the government hence, remain the same irrespective of where the PPF account is opened.
In order to use a PPF calculator correctly, you need to input the following data:
After providing the above data into the PPF calculator, you must click on “Calculate” to get instant information about PPF maturity amount, PPF Interest earned, total PPF investment and much more.
There are seven varieties of PPF calculators which help in calculating 6 different types of computations pertaining to PPF. This depends on the usage and other elements while using the calculator.
Here are some of the common benefits of PPF calculators:
Public Provident Fund or PPF is a low risk fixed return investment scheme one can avail through India Post Office as well as leading public and private sector banks in India. The interest on the PPF account is set for every quarter and is paid by the government. The applicable interest rate on PPF for the first quarter of the year, 2021-22 i.e. from 1st April 2021 has been fixed at 7.1%. The interest rate for the previous year was also the same, i.e. 7.1%.
Investors can now use a PPF calculator to understand the returns and timeline surrounding PPF investment.
1. How much interest rate can I get on my PPF account?
The interest rate is mainly determined by the Central Government periodically. At present, the interest rate is 7.1% per annum.
2. Which amount is taken into consideration for calculating the interest?
The interest on PPF is calculated on the lowest balance in the account between the closing balance on the 5th day of a month and the closing balance on the last day of the month.
3. When is my investment going to mature?
In PPF accounts, maturity can be attained after 15 years. After this period, you are liable to withdraw the entire amount.
4. Is it mandatory to submit Aadhaar details to open a PPF account?
Submitting Aadhaar details is not mandatory to open a PPF account.
5. What is the PPF lock-in period?
Investments made to a PPF account have a lock-in period of 15 years. However, individuals can make a partial withdrawal from the PPF account after 5 years from the date of opening the account.
PPF accounts are one of the most common features which come into the picture. PPF account refers to Public Provident fund account and is meant to invest your valuable capital. Calculating the interest rates and returns on your PPF account turns a bit difficult. To make these difficult calculations easy, PPF account calculator can be used.
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