PPF Calculator
- Invested Amount: 150000 ₹
- Maturity Amount: 271214 ₹
- Total Interest: 121214 ₹
PPF Calculator
What is a PPF (Public Provident Fund) Calculator?
A PPF (Public Provident Fund) Calculator is a helpful tool for estimating savings growth in a Public Provident Fund account. It allows individuals to determine the future value of their investments based on factors like the amount deposited, the interest rate, and the investment duration.
Why use a PPF Calculator?
Plan Savings: It helps in planning savings by estimating how much money can be accumulated over time through regular contributions to a PPF account.
Goal Setting: Using a PPF Calculator, individuals can establish realistic financial plans and track their progress toward achieving them.
Decision Making: It aids in making informed decisions about investment amounts and tenures by showing the impact of different scenarios on the final savings amount.
Financial Awareness: Using a PPF Calculator fosters financial awareness by illustrating the power of compounding and the benefits of long-term saving.
How Does a PPF Calculator Work?
Input Details: Users input the amount deposited each year, the annual interest rate, and the investment duration.
Interest Calculation: The calculator computes the interest earned on the deposited amount using the prevailing interest rate for PPF accounts.
Accumulated Amount: Based on the inputs provided, the calculator determines the total amount collected in the PPF account at the end of the investment period.