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## PPF Calculator – Public Provident Fund Calculator Online

The first step towards wealth management is accumulating savings. You will find a lot of options for savings accounts; however, look for the ones that guarantee substantial returns risk-free. PPF accounts are one of the most common features which come into the picture. PPF account refers to Public Provident fund account and is meant to invest your valuable capital.

If you are a new employee or a responsible parent who wishes to save for the future, then PPF is ideal for you. Calculating the interest rates and returns on your PPF account turns a bit difficult. To make these difficult calculations easy, PPF account calculator can be used.

This financial tool allows one to resolve their queries related to Public Provident Fund account. There are certain specifications that are to be abided by while calculating maturity amount after a certain point of time. It keeps a track on the growth of your capital. Those who already have a PPF savings account know that interest rates change on monthly basis.

Nowadays, it is easier to keep a check on changing interest rates. However, with the discovery of public provident fund calculator, account holders find it easier to find out monthly changes made in rate of interest. In the market, you may find lot of user-friendly PPF calculators and for choosing trustworthy ones, Groww is simply the option.

### Formula used for calculating PPF

Groww uses a formula to compute the deposited amount, interest, etc. This formula has been given below –

F = P [({(1+i) ^n}-1)/i]

This formula represents the following variables –

 I Rate of interest F Maturity of PPF N Total number of years P Annual instalments

In order to clear your concept about PPF calculation, an example has been given. This calculation becomes easier once you buy PPF calculator.

Suppose, an individual pays an annual amount of Rs. 2,00,000 in their PPF investment for a period of 15 years at an interest rate of 7% then his/her maturity sum at the closing year will be equal to 5763698.

A quick check on opening balance, closing balance, withdraw amount and also rate of interest will definitely help you out. Have a look at the given below table.

 Year Opening amount Deposit Rate of interest Closing amount Loan Amount withdrawn 1 0 Rs.150000 Rs.11400 Rs.161400 0 0 2 Rs.161400 Rs.150000 Rs.23666 Rs.335066 0 0 3 Rs.335066 Rs.150000 Rs.36865 Rs.521931 Rs.40350 0 4 Rs.521931 Rs.150000 Rs.51067 Rs. 722998 Rs.83767 0 5 Rs.722998 Rs.150000 Rs.66348 Rs.939346 Rs.130483 0 6 Rs.939346 Rs.150000 Rs.82790 Rs.1172136 Rs.180750 0 7 Rs.1172136 Rs.150000 Rs.100482 Rs.1422618 0 Rs.260966 8 Rs.1422618 Rs.150000 Rs.119519 Rs.1692137 0 Rs.361499 9 Rs.1692137 Rs.150000 Rs.140002 Rs.1982139 0 Rs.469673 10 Rs.1982139 Rs.150000 Rs.162043 Rs.2294182 0 Rs.586068 11 Rs.2294182 Rs.150000 Rs.185758 Rs.2629940 0 Rs.711309 12 Rs.2629940 Rs.150000 Rs.211275 Rs.2991215 0 Rs.846069

Apart from yearly PPF calculations, monthly calculations are also possible with PPF calculator monthly.

#### How to use PPF calculator?

To enjoy this computing tool to the maximum, you need to understand how it works. Its user-friendly and accurate information makes it a device worthy of purchase. The only job of the user is to put values within specific columns and you are good to go. Details that are to be provided to this PPF amount calculator include tenure, total amount invested, interest earned and also amount invested monthly or yearly.

• Enter the values in the requisite fields and the total maturity amount will be reflected within seconds.
• If an individual deposits amount on 1st of April then interest will be calculated based on financial year. Inflation might affect this interest rate.

#### Advantages of using PPF calculator

The list below demonstrates benefits of using online PPF calculator. Have a look at it.

• This computing device allows users to make a clear idea about how much interest can be earned with the investment of a certain amount of money.
• With the assistance of this calculator, you can be saved from paying hefty tax.
• We often find it difficult to decide on maturity period of their investment and this problem is easily solved with the use of PPF calculator India.
• It also offers estimation on total investment in a financial year.
• To ensure that the user is able to get accurate result, it is essential to provide the computing device with deposited amount along with type of deposit i.e. fixed or variable.

“Looking to invest? Open an account with Groww and start investing in direct Mutual Funds for free”

##### FAQs
1. Can I transfer my PPF account to another branch or office?

Yes, you find the liberty to transfer the account to another office or branch.

1. How much interest rate can I get on my PPF account?

The interest rate is mainly determined by the Central Government periodically. At present, the interest rate is 7.1% per annum.

1. When is my investment going to mature?

In PPF accounts, maturity can be attained after 15 years. After this period, you are liable to withdraw the entire amount.

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