# PPF Calculator Online: Interest Rate, Principal, Maturity for SBI and Post Office in 2023

If you are looking for a safe and reliable way to save money for your long-term goals, you might have heard of the Public Provident Fund (PPF) scheme. PPF is a government-backed savings scheme that offers attractive interest rates, tax benefits, and a fixed maturity period. But how do you know how much money you can accumulate in your PPF account over time?

How do you plan your investments and withdrawals to maximize your returns? And how do you compare the performance of PPF with other investment options?

The answer to all these questions is simple: use our PPF calculator. A PPF calculator is an online tool that helps you estimate the maturity value and interest earned on your PPF investments.

By entering some basic details such as the contribution amount, frequency of investment, and interest rate, you can get a clear picture of how your money will grow in your PPF account. You can also use the calculator to adjust your investment strategy and achieve your financial goals faster.

Consider reading: Complete Guide on PPF Investment

## PPF Calculator Online

15 Years

### Results:

Invested Amount: 0 ()

Total Interest Earned: 0 ()

Maturity Value: 0 ()

### Yearly Details:

YearOpening AmountDepositInterest EarnedClosing Amount

## How to Use the PPF Calculator

Using or Online PPF calculator is very easy and convenient. You just need to follow these simple steps:

• Enter the amount of your initial deposit in the PPF account. This is the amount that you invest when you open your PPF account. The minimum amount is Rs. 500 and the maximum amount is Rs. 1.5 lakh per year.
• Enter the amount of your monthly or yearly contribution to the PPF account. This is the amount that you invest regularly in your PPF account. You can choose to invest monthly or yearly, depending on your preference and convenience. The minimum amount is Rs. 500 and the maximum amount is Rs. 1.5 lakh per year.
• Enter the interest rate offered by the PPF scheme. This is the rate of return that you earn on your PPF investments. The interest rate is decided by the government every quarter and is compounded annually. The current interest rate for the quarter ending September 2023 is 7.1% per annum.
• The PPF calculator will show you the maturity value and interest earned on your PPF investments for each year of the 15-year tenure. You can also see a graphical representation of your PPF balance over time.
• The calculator also shows a user-friendly graph for you to visualize how interest amounts keep on increasing over the years and after the 10th year the interest amount is more than your investment amount!

## Formula Used for PPF Calculator

The formula used for calculating the maturity value and interest earned on PPF investments is based on the following assumptions:

• The interest rate is constant throughout the tenure of the PPF account.
• The contribution amount is invested at the beginning of each month or year, depending on the frequency chosen.
• The interest is compounded annually at the end of each financial year.

The formula for calculating the maturity value of PPF investments is:

M = A * [(1 + r)^n – 1] / r + I * (1 + r)^n

Where,

M = Maturity value A = Annual contribution r = Interest rate / 100 n = Number of years I = Initial deposit

The formula for calculating the interest earned on PPF investments is:

I = M – (A * n + I)

Where,

I = Interest earned M = Maturity value A = Annual contribution; n = Number of years I = Initial deposit

• It can help you estimate how much money you need to invest in your PPF account to achieve your long-term goals, such as retirement, education, or marriage.
• It can help you compare the returns of PPF with other investment options, such as fixed deposits, mutual funds, or stocks, and choose the best option for your risk appetite and financial objectives.
• It can help you decide how much money you can withdraw from your PPF account after completing certain years of tenure, without affecting your maturity value and interest earned.

## Advantages of Investing in PPF

Investing in PPF has many advantages, such as:

• It offers a high and guaranteed rate of return, which is usually higher than the inflation rate and bank interest rates.
• It provides tax benefits under Section 80C of the Income Tax Act, which allows you to deduct up to Rs. 1.5 lakh from your taxable income for investing in PPF.
• It also provides tax exemption on the maturity value and interest earned from PPF, which makes it a tax-free investment option.
• It has a long tenure of 15 years, which helps you build a large corpus for your long-term goals. You can also extend your tenure by another 5 years after maturity, with or without further contributions.
• It has a low risk and high security, as it is backed by the government and is not affected by market fluctuations or economic downturns.

## Final Thoughts on PPF Calculator Online

PPF is one of the best investment options for saving money for your long-term goals. It offers attractive interest rates, tax benefits, and a fixed maturity period.