What is the use of PPF calculator?

What is the use of PPF calculator?

PPF Calculator PPF Calculator is a simple online tool for PPF related calculations. If you’re saving/investing money under PPF scheme, then you may find this little tool useful for doing some calculations e.g interests earned over the period or how your investment grows over the years, final maturity amount etc.

How to calculate the compound interest in PPF account?

PPF calculation uses the compound interest calculation formula and the compounding of the PPF principal occurs annually i.e once a year. The PPF calculation formula is as follows: A = P(1+r)^t Where, A= PPF Maturity Amount, P=PPF Principal amount invested, R= PPF rate of interest, T=Time periodyou are staying invested in the PPF account.

How much can I withdraw from my PPF account?

50% of the account balance at the end of the 4th year preceding the year in which withdrawal was opted for. The Withdrawal (Max.) amounts provided by the online PPF calculator are based on the assumption that no withdrawals/loans have been taken by the account holder in the previous year.

What is the total locking period of PPF amount?

PPF amount maturity locking period is 15 years. After 15 years your PPF deposit is matured, now if you wish to continue ppf scheme for another 5 years you can do that. In that case your total locking period will become 20 years.

How can I change the interest rate of my PPF account?

You may not modify the interest rate here but you can do the same in offline PPF Excel Calculator. PPF account allows extension of scheme by 5 years which could be extended in last year of the scheme.

What are some interesting facts about PPF?

Some Facts About PPF. Interest rate : 7.6%. Duration of scheme : 15 years. Minimum deposit amount (per year) : 500. Maximum deposit amount (per year) : 1,50,000. Number of installments every year : 1 (Min) to 12 (Max) Number of accounts one can open : Only One. Lock-in period : 15 years (partial withdrawals can be made from the sixth year)