A PPF (Public Provident Fund) calculator is a useful tool for calculating the potential return on your PPF investments. The calculator considers essential criteria such as the yearly investment, the time period, and the current interest rate to forecast the amount due at maturity and the interest that you will earn over the tenure. The tool is particularly helpful because, as of May 2023, PPF has a lock-in period of 15 years, and you must assess the suitability of this financial instrument for this financial horizon before investing. If you are looking to open a PPF account with the Indian post office, Angel One's online Post Office PPF calculator can help you make informed investment decisions. This way, you can do away with tedious calculations and get fast and accurate results that can enable you to plan your financial goals.
A Post Office PPF calculator online works according to a predefined formula that considers your principal amount, the interest rate, and the investment term (PPF has a term of 15 years). Once you enter these parameters, the calculator estimates the interest and maturity amount. It gives you a clear overview of how your investments will grow over time and enables you to make more informed decisions.
Below is the Post Office PPF calculator formula which helps calculate the projected value at maturity of a PPF investment:
i is the interest rate
F is the maturity value of the PPF
N is the duration in years
P is yearly instalments
The method to use the Post Office Online PPF Calculator on Angel One is pretty simple. Here is a step-by-step guide:
- Navigate to the Angel One website and open the Post Office PPF calculator.
- Enter the amount you want to contribute periodically to your PPF account
- The calculator automatically takes the investment tenure as 15 years
- The annual interest rate is also prepopulated
- The online tool will show you the value at maturity and the total interest you will earn
- You may change the inputs to test various investing scenarios and adjust your investment strategy as required.
- Ease of financial planning
The PPF calculator accurately calculates the maturity amount and the interest you will earn. Using this information, you can set realistic goals and choose the best investment amount and term. This helps you to plan your financial future effectively.
You can use the PPF calculator to match your investments to specific financial goals, such as higher education for your kids, retirement planning, or buying a home. By analysing the amount at maturity and the interest you can earn, you can know if this investment will sync with your financial goals.
- Time efficiency
With the PPF calculator, you can quickly get comprehensive answers without performing manual calculations or using complicated methods. This saves you effort and time.
- Free to use and convenient
You can easily access the online Posit Office PPF calculator by using a device with an internet connection. There are zero charges involved in using the calculator online.
To get started with a Post Office PPF account, you must meet the following eligibility requirements:
Nationality: Post Office PPF accounts are only available to Indian nationals.
Age: Only those over 18 years of age can open a PPF account. However, an account for a minor child can also be opened.
Hindu undivided families and NRI are not permitted to open PPF accounts as it is meant only for those with Indian nationality. You can have only one account to your name.