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How to calculate public provident fund online?


PPF  manages to sound like it is a very complex term but is not, it is rather just known as the public provident fund. It remains to be a tax-savings or saving scheme introduced by National Saving Institute of the Ministry of Finance under the Central Government. There is microscopic that is known about this institute by the general public but it operates rather efficiently, as introducing such beneficiary schemes has helped general public a lot.


How does it work?

The goal of PPf is basically to provide the savings in small amounts for public, to help them cultivate the habit of the investment. It is the most basic type of investment; the minimum amount is of Rs.500/- to a maximum of Rs.1,50,000/-.

There is, however, no limit on how many times one can invest, but as mentioned, the amount of investment can vary as per your choice. You can provide standing instructions to your desired bank to make certain deduction every month to make it convenient and comfortable.

Read More:

EPF Login Step by Step Guide

Check EPF Balance

Rate of interest on ppf

The rate of interest is a maximum of 8.1% per annum. The advantages begin with the fact that deposited amount is entirely tax-free and the money is compounded annually. So each year you will gain an appreciation for your submitted value using the compound interest, which is just brilliant.


How to calculate PPF online?

The easiest way to calculate ppf is merely discussing this matter with your banker when you are contemplating on opening a ppf account. If you find visiting a bank a task, then you can only utilize a PPF calculator. Depending on your choice of duration you can quickly calculate your PPF for a tenure of 15 to 20 years.


The PPF Calculator is one of the easiest ways to find out the total return on invested in PPF account online. You can see the total amount spent in 1 to 15 years under PPF Scheme. The rate of performance on a PPF is 8.1% per annum after recent revised in a 2016-17 financial year.

A PPF account is held for 15 years applicable for the further subscription. It should be remembered that all the investments made in a PPF account are in the multiples of 5 only, either wholesomely or in installments.

The main theme line of the calculation of PPF is that: The interest of the provident fund is calculated on the basis of monthly by taking the lowest balance of the month. However, the total interest is added to the PPF at year’s end.

The interest that is earned in a year will be added back to the final amount at the end of the year. The calculation of the interest and addition of it to the public provident fund account at the end of the year depends upon the fact that where your money is invested. The interest calculated has been decided upon the government to be 8.1% per annum. Indian citizens are entitled to save tax under section 80c up to 1.5 lakh INR.

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