PPF Calculator Online: While looking for wealth management ways various options are available Saving accounts, Mutual funds, stock market, fixed deposits and bonds can help to grow wealth, but people looking for a reliable option to get fixed rates returns on their investment, In that situation Public Provident Fund (PPF) is the best option to invest for long term and get a fixed rate of returns hassle-free. The PPF Calculator Online helps the PPF investor calculate future returns and estimate the maturity amount, PPF is an ideal option for employees and parents who wish to save for the future.
PPF calculator
What is a PPF Calculator Online?
A PPF Calculator Online is a tool that helps PPF investors estimate the maturity amount and its return on their PPF investment, this is a very simple and user-friendly tool by entering a few details about annual deposit amount, interest rate, and investment tenure this tool will give the clear view on the saving at the end of PPF term. This is an ideal tool for people who wish to calculate smartly and hassle-free whereas manual calculations might be time-consuming and inaccurate calculations.
Features of the PPF Calculator Online by ToolifyPro
- Simple Interface:
It has a simple and user-friendly interface anyone can use, there is no requirement for prior knowledge to use this tool. - Quick Calculations:
This is a dynamic calculation tool that calculates the maturity and returns in real time, there is no need to press a button to calculate you can change the parameter at any time to see the impact on savings. - Customizable Inputs:
This calculator has the input customization feature- You can enter the investment amount and it will detect and let you know how much amount minimum or maximum deposit.
- You can enter the tenure and how long you want to invest, the tool has a feature that detects the minimum and maximum tenure.
- The interest rates are fixed and updated regularly whenever the government make changes.
- Graphical Representation: It has a graphical representation feature that allows investors to see the difference in investment and returns visually.
- Accessibility: This is an Online PPF Calculator tool that can accessed from anywhere and anytime no matter which device is used whether a computer, tablet, or smartphone.
How Does the PPF Calculator Work?
This PPF Calculator online works on the compounding interest formula calculation and estimates the maturity with returns, below are the steps to calculate.
- Enter Yearly Investment (₹): In this field, you have to enter the amount that you want to invest, but as per government rules it must be between a minimum of Rs.500 and a maximum of Rs. 1.5lac.
- Period (years): In this field, you have entered investment tenure as per the government rules minimum is 15 years and a maximum of 50+5 years is extendable
- Interest Rate (%): This a fixed interest rate field it is updated by us whenever the government make a change to the rate of interest.
PPF Calculation Example with Formula
Lets check the PPF Calculator Online by ToolifyPro calculation by using the formula,
Inputs
- Annual Investment (P): ₹1,50,000
- Tenure (N): 15 years
- Rate of Interest (R): 7.1% per annum
Formula Used
The PPF calculation is based on the compound interest formula, compounded annually
Where:
- A = Maturity Amount
- P = Annual Contribution
- r = Rate of Interest (per annum, in decimal)
- n = Total Number of Years
Step-by-Step Calculation
- Convert the Rate of Interest to Decimal:
Calculate the Maturity Amount (A):
Substitute the values:
Compute the values step-by-step:
Now multiply:
A=1,50,000 × 24.7671 = 37,15,065
Add Principal Investment:
Since A includes only the interest portion:
Maturity Value = A+Total Investment
Total Investment:
Total Investment=1,50,000 × 15= ₹22,50,000
Maturity Value:
Maturity Value=₹37,15,065 + ₹22,50,000 = ₹40,68,209
Calculate Interest Earned:
Interest Earned = Maturity Value − Total Investment
Interest Earned= ₹40,68,209 − ₹22,50,000 = ₹18,18,209
Final Output
- Investment: ₹22,50,000
- Interest Earned: ₹18,18,209
- Maturity Value: ₹40,68,209
PPF Calculator Online tool results
Which Banks Are Suitable for PPF Calculator
Our PPF Calculator Online is suitable for all Indian banks or government bodies that offer PPF investment options, some of the banks list the list below and type calculations.
- PPF Calculator
- Post Office PPF Calculator
- PPF Calculator SBI
- PPF Calculator Post Office
- SBI PPF Calculator
- PPF Calculator Monthly
- PPF Calculator ICICI
- PPF Calculator HDFC
- PPF Calculator Online
- PPF Calculator SBI Monthly
- HDFC PPF Calculator
- PPF Calculator Year Wise
- ICICI PPF Calculator
- BOB PPF Calculator
- PPF Calculator BOB
- PPF Calculator PNB
- PPF Calculator Excel
- PPF Calculator Post Office Monthly
- PPF Calculator Axis Bank
- PPF Calculator Canara Bank
Conclusion
In conclusion, it found that PPF Calculator Online by ToolifyPro is a powerful tool for the PPF maturity returns, by using this tool people can save for the future, as this tool gives the output quickly and visualised the returns for better visibility and gives the insights about the investments PPF saving, whether you are doing for the retirement, child education or looking for hassle-free investment.