A Public Provident Fund (PPF) account is a long-term savings instrument in India designed to help individuals invest and grow their capital over time. It is particularly ideal for new employees or parents looking to secure their financial future. PPF accounts offer attractive interest rates, making them a popular choice for risk-averse investors. However, calculating the interest and returns on a PPF account can be complex, which is where a PPF calculator becomes invaluable.
A PPF Calculator or Public Provident Fund Calculator is a financial tool designed to simplify the process of calculating the maturity amount and interest accrued on your PPF account. It tracks the growth of your capital and accommodates the changing monthly interest rates. Jagran's online PPF Calculator provides a user-friendly platform to monitor and manage your PPF investments efficiently.
To use Jagran's PPF Calculator, input details like the tenure, total invested amount, interest earned, and the frequency of your deposits (monthly or yearly). Once these values are entered, the calculator instantly displays the maturity amount.
Jagran’s Public Provident Fund Calculator is free of cost and helps you plan your finances by providing accurate projections based on your inputs.
To calculate PPF manually, use the formula:
F = P [({(1+i) ^n}-1)/i]
Here, F is the maturity amount, P is the annual installment, i is the interest rate, and n is the number of years
A PPF Calculator offers numerous benefits, including helping you estimate the interest earned, plan your investments, and avoid tax complications. It simplifies the decision-making process for determining the maturity period and offers accurate investment projections.