# PPF Calculator- Calculate Interest, Maturity amount

This is an online PPF Calculator you can calculate your Public provident fund total invested money, maturity amount, the interest of your investment money.

## What is the PPF?

PPF is a long term investment Scheme which gives you higher returns and low risk because it’s backed by the Indian government. The full form of PPF is Public provident fund.

## Who can eligible for this scheme

• All Indian citizens can apply to this scheme.
• no age limit of this scheme, minor is also eligible to invest in this fund.
• NRI (Non-Resident Indian) is not eligible for this scheme. if any Indian already opened the account later they change Indian to NRI then they can use this scheme but after ending the maturity period, they will not eligible for this fund.

## The benefit of this scheme

• this interest you will get, you don’t have to give tax on the interest.
• Higher Return Compared to fixed deposits.
• the safe investment because it’s backed by the Indian government.

## Investment period

• this investment is for 15 years. every year you can invest a certain amount of money after 15 years of tenure, you can withdraw your money. but if you want to extend the investment period, you can extent 5 years of the time period. then after ending of the 5 year time period again you can extend for the next 5 years of the time period.
• If you want to withdraw your money, you have to pay the fine. but after 5 years of investment, you can withdraw a certain amount of amount without paying fine.

## Interest Rate

The interest rate will always higher than the normal saving or fixed deposit scheme. the interest varies quarter to quarter. the interest rate will determine by the government. for the general view of the interest rate can be 7.9% or above or below this. It depends on the government.

Because of a higher interest rate and safe investment. this scheme is attractive to the Indian investors. and people would like to invest in this fund.

## criteria of Investment

• The annually invested value shouldn’t cross the more than 1.5 lakh Indian rupees. tax is free upto1.5 lakh investment annually. so if you are monthly investing so, 12500 will be your monthly installment amount maximum not more than this value.
• A minimum of 500 Indian rupees can be invested in every installment.
• A maximum installment in a year is 12 times.
• The minor account can manage by the parent, guardian.
• Multiple accounts of Public provident fund is not allowed. because of attractive interests and safety. people may have questions in mind, are they open multiple accounts for more investment?. but this is not possible.
• if parents investing in the minor account. so both parents and minor account total amount shouldn’t cross the 1.5 annual limits.

## Why use the PPF calculator?

In our earnfo.com website. the online PPF calculator is available to calculate your investment and future amount. whenever you are calculating the Provident fund, you have to give lots of time. but using this calculator is just put numbers and get your result, that why you can use this for the time-saving, and correct result.

## How to use this PPF calculator

• Installment amount: the amount you will invest in every installment.
• Rate Of Interest: the percentage of interest you will get in this scheme.
• Investment Year: the Year of the investment.
• A number of installments in a year: this is the number of annual installments.
• Total invested amount: This is how much money you have invested. means the total amount that you have invested.
• Interest amount: this is the interest you will get after the maturity.
• Total Maturity Amount: this is the total wealth you will get after maturity.

## Formula

PPF formula is = [Principle amount * {(1+ % of interest/ annually installments)^ year* annually installment }-1]/ Interest / annually installments

## Why above the Public provident fund calculator is best?

Because above the calculator is the show you total amount, interest amount, and total wealth value. that why you can use above this CalC.