The online Public Provident Fund (PPF) calculator helps individuals plan their long-term savings and investments by providing insights into potential returns and maturity amounts.
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Invested Amount
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A PPF calculator is an online financial tool that allows you to determine the value of your investment in PPF at maturity and returns. It simplifies the difficult computations linked with the Public Provident Funds account, allowing you to evaluate the long-term growth of your investment amount. The main advantage offered by online calculators is accuracy, which often goes amiss in the case of manual calculations. Additionally, these digital calculations are not time intensive, contrary to manual calculations.
The online PPF calculator by Angel One is among these robust online calculators that allow you to compare various investing possibilities. By modifying these variables, you may analyse how changes in parameters such as the yearly investment and time duration will affect your maturity amount and interest received.
This enables you to optimise your investments to achieve your financial goals.
A PPF calculator computes the growth of your contributions in a PPF account using a preset compound interest formula. It takes into account your yearly deposit amount, fixed rate of return, and investment tenure. The PPF calculator offers an estimation of the amount you will receive at the end of the investment tenure.
A PPF calculator is a useful tool that assists individuals in planning their investments in the Public Provident Fund (PPF). The calculator provides a clear picture of the maturity amount and the interest earned over the investment period by inputting details like the investment amount, tenure, and interest rate. It enables investors to adjust their contributions to meet specific financial goals.
Additionally, the calculator helps to understand the power of compounding as the interest in PPF is compounded annually. This can be particularly motivating, as it visually demonstrates the growth of savings over time, encouraging more disciplined and informed investing. Overall, a PPF calculator simplifies the complex calculations involved in determining the potential returns from a PPF account, making financial planning more accessible and effective.
The formula used to calculate PPF is below:
F = P [({(1+i) ^n}-1)/i]
Let us consider an example to calculate the PPF investment manually. Suppose starting April 2022 you are investing ₹50,000 for the wedding expenses of your child in a PPF account with an annual interest rate of 7.1% for 15 years.
Using the formula:
F = 50,000 * [({(1+0.071) ^15}-1)/0.071] = ₹13,56,070
After calculating, the maturity amount would be approximately ₹13,56,070. Here’s a breakdown of the calculation yearly-wise.
| Year | Opening Balance | Amount Deposits | Interest Earned | Closing Balance |
| 1 | 0 | 50,000 | 3,549.96 | 53,549.96 |
| 2 | 53,549.96 | 50,000 | 7,352.04 | 1,10,902.00 |
| 3 | 1,10,902.00 | 50,000 | 11,424.00 | 1,72,326.00 |
| 4 | 1,72,326.00 | 50,000 | 15,785.16 | 2,38,111.16 |
| 5 | 2,38,111.16 | 50,000 | 20,455.92 | 3,08,567.08 |
| 6 | 3,08,567.08 | 50,000 | 25,458.24 | 3,84,025.32 |
| 7 | 3,84,025.32 | 50,000 | 30,815.76 | 4,64,841.08 |
| 8 | 4,64,841.08 | 50,000 | 36,553.68 | 5,51,394.76 |
| 9 | 5,51,394.76 | 50,000 | 42,699.00 | 6,44,093.76 |
| 10 | 6,44,093.76 | 50,000 | 49,280.64 | 7,43,374.40 |
| 11 | 7,43,374.40 | 50,000 | 56,329.56 | 8,49,703.96 |
| 12 | 8,49,703.96 | 50,000 | 63,879.00 | 9,63,582.96 |
| 13 | 9,63,582.96 | 50,000 | 71,964.36 | 10,85,547.32 |
| 14 | 10,85,547.32 | 50,000 | 80,623.80 | 12,16,171.12 |
| 15 | 12,16,171.12 | 50,000 | 89,898.12 | 13,56,069.24 |
However, as you can see, manual calculations are complex, especially when the interest rates keep changing. It is highly time-consuming and easily prone to errors. Hence, it is better to use the online PPF calculator monthly by Angel One and make your calculations quick.
Using Angel One’s online PPF calculator is an easy and quick approach. Follow these steps to make the best use of this financial instrument:
Once you enter these details into the PPF account calculator, the calculator displays the maturity amount, investment amount and the interest generated during the tenure.
Let’s look at an example to understand the usage of the PPF calculator better.
Suppose you invest ₹4,000 monthly (₹48,000 annually) for the down payment on your dream house. The current interest rate is 7.1% per annum, and the minimum investment duration is 15 years. On entering these details in the Angel One PPF calculator, you’ll get the results as follows.
Now that you know what the maturity amount is, you can check if it is enough as the down payment of your house. If not you can increase the investment amount and use the public provident fund calculator again to calculate the maturity amount as per your increased investment. This way you can use the PPF account calculator for different scenarios and get the results in less than a minute.
Note: As per the rule, tenure for PPF matures after the completion of 15 years. Post 15 years, it can be extended for a block of 5 years. Moreover, partial withdrawal is allowed after the completion of seven years(in some cases). Also, the current PPF interest rate is fixed at 7.1%.
There are various advantages to using a PPF calculator by Angel One. Some of them are as below:
All these advantages make the Angel One PPF calculator a useful tool for you. Ultimately, it helps you optimise your investments to achieve your long-term financial goals.
PPF is a popular long-term savings scheme in India. It is backed by the Indian government, designed to help individuals save for their future financial needs while also earning a fixed interest rate, which is also set by the government. But calculating the interest on the PPF manually can be a bit troublesome and this is where a PPF calculator comes to your rescue.
To set up a PPF account and take advantage of this investment opportunity, you must meet specific requirements. The most important conditions for setting up a PPF account are listed below:
The PPF investments fall under the Exempt-Exempt-Exempt (EEE) category, which means as per Section 80C of the Income Tax Act, PPF deposits are deductible. But note that your maximum contribution towards a PPF account cannot exceed ₹1.5 lakh in one financial year. It must be below ₹1.5 lakh.
Also, the maturity amount and the interest amount are also exempted from taxes, meaning there won’t be taxes levied at the time of withdrawal from the PPF.
The PPF calculator is an online tool that allows you to determine the value at maturity and returns on investment in a Public Provident Fund (PPF) account.
The online PPF calculator is simple to use. You just need to enter details like the principal amount and the tenure. The PPF calculator will display the maturity and interest amount.
Yes, the Angel One online PPF calculator is available for free. It makes it easy for you to track the progress of your PPF investments.
The PPF account has a minimum 15-year term. You may extend the period in blocks of 5 years.
The government sets the PPF interest rate, which is now 7.1%, as of 2023. It is subject to modification based on changes in government policy.
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