# PPF Calculator

PPF calculator will help to estimate the returns on your Public Provident Fund (PPF) investment.
PPF Calculator
6 mins
13 June 2024

A PPF calculator is a financial tool that helps you calculate the returns on your Public Provident Fund (PPF) investments. It allows you to determine the maturity amount of your investment, the total interest earned, and the total amount of savings accumulated over a specified period of time. By using a PPF calculator, you can make informed decisions about your investments and plan your finances better.

The calculator automatically applies the latest current PPF rate of interest offered by the government of India, making your experience seamless and hassle free!

## Formula used for calculating PPF

The formula used to calculate the maturity amount of a Public Provident Fund (PPF) takes into account:

 Variable Description F Maturity of PPF P Annual instalments I Rate of interest N Total number of years

Simplified formula: F = P[({(1+i)^n}-1)/i]

### Explanation:

• This formula essentially calculates compound interest. Your annual contribution (P) earns interest, and that interest is reinvested to earn even more interest over time.
• The interest rate (r) changes annually, so calculations adjust accordingly.

### Example:

Assume you invest Rs. 1,50,000 annually (P) in your PPF account for 15 years (n). The current interest rate (r) is 7.1%.

• Calculation would be a bit complex, as the interest rate (r) would change each year.
• However, using an online PPF calculator, we find the approximate maturity value would be around Rs. 40,68,209. This includes both your principal contribution and the accumulated interest.

## How to use PPF calculator?

Using the Bajaj Finance PPF calculator is quite simple, just follow the below mentioned steps and you will be able to calculate your potential PPF returns in no time:

1. Input your “Yearly Investment (in rupees)” in the provided field.
2. Specify the “Tenure (in years)” in the designated space.
3. The calculator will automatically retrieve the “Rate of Interest.”
4. Choose your preferred "Payout Frequency" from options like Monthly, Quarterly, Half-Yearly, and Yearly.
5. View the calculated "Maturity Amount," "Total Investment," and "Total Interest."
6. For further details, explore the "Calculate Returns" section.

### Advantages of using PPF calculator

The advantages of using a PPF calculator are as follows:

• Clear idea of interest earned: By using an online PPF calculator, you can get a clear idea of how much interest you can earn with a certain amount of money.
• Automation: It saves time and effort by automatically inputting the current rate of interest, and automating the calculation process.
• Accuracy: You can get an estimate of the total returns, just by entering a few values like, yearly investment amount, tenure, and the payout frequency.
• Multiple uses: You can use the calculator over and over again until you strike a balance between how much you must invest to get the desired returns.

Can I transfer my PPF account to another branch or office?

Yes, you have the freedom to transfer your account to another branch or office.

How much interest rate can I get on my PPF account?

The interest rate is determined by the Central Government periodically. As of June 2024, it stands at 7.1% per annum.

How much PPF will I get after 15 years?

The exact amount depends on your annual contribution and the interest rates over those 15 years. Use a PPF calculator for an accurate estimate.

Can I do PPF for 30 years?

Yes, but in blocks of 5 years after the initial 15 years. You will need to extend your account periodically.

Can I do PPF for 10 years?

No, the minimum PPF investment period is 15 years.

In which month is PPF interest calculated?

PPF interest is calculated monthly.

Can I continue PPF for 25 years?

Yes, you can extend your PPF account beyond the initial 15-year term in blocks of 5 years, effectively allowing you to continue it for 25 years or even longer.