PPF Calculator:The Public Provident Fund (PPF) account is a risk-free investment and tax-saving tool backed by the central government. This small savings scheme offers attractive long-term returns.
Currently, PPF offers 7.1% interest. The maturity period of a PPF account is 15 years, but it can be extended indefinitely in blocks of 5 years. This makes it an excellent option for building a retirement corpus.
If you invest Rs 12,500 every month in the Public Provident Fund, you can accumulate a good fund of around Rs 41 lakh during the investment period. You can contribute a minimum of Rs 500 and a maximum of Rs 1.5 lakh within a financial year. However, the contribution can be made only once per month.
Let us understand from PPF calculator how much return we will get Monthly Investment: Rs 12,500
Annual Investment:Rs 150000
Time Period:15 years
Interest Rate:7.1%
Invested amount:Rs 2250000
Total Interest:Rs 1818209
Maturity Value:Rs 4068209.
PPF accounts have a tenure of 15 years, but you can extend them in blocks of 5 years. However, if a PPF account holder uses the extension benefit and avails compounding benefits for the next 15 years, he can earn Rs 1.5 crore in 30 years.
Annual Investment:Rs 150000
Time Period:15 years
Interest Rate:7.1%
Invested amount:Rs 2250000
Total Interest:Rs 1818209
Maturity Value:Rs 4068209.
PPF accounts have a tenure of 15 years, but you can extend them in blocks of 5 years. However, if a PPF account holder uses the extension benefit and avails compounding benefits for the next 15 years, he can earn Rs 1.5 crore in 30 years.
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