What is PPF?
The Public Provident Fund (PPF) is a government-backed long-term savings scheme that helps you grow your wealth while enjoying tax benefits. It offers capital protection, interest on investments, and tax savings under Section 80C. You can invest a minimum of ₹500 and up to ₹1,50,000 annually, earning interest at rates determined by the government.
What is a PPF Calculator?
A PPF calculator is an online tool that estimates the maturity value of your PPF investments. By entering your annual contribution, investment tenure, and PPF interest rate, the calculator shows your potential corpus and interest earned, helping you plan your long-term financial goals efficiently.
How to Use the Bajaj Broking PPF Calculator
Using the Bajaj Broking PPF calculator is simple and takes just a few steps:
- Enter the annual investment amount.
- Specify the investment tenure in years.
- Enter the applicable PPF interest rate.
The calculator will display your total investment, interest earned, and maturity value at the end of the tenure.
Benefits of Using a PPF Calculator
- Quick & Easy: Instantly calculates maturity amount with minimal inputs.
- Plan Your Savings: Compare different investment amounts and tenures to create an effective strategy.
- Accurate Calculations: Eliminates manual computation errors.
- Free & Accessible: Available online anytime for all users.
PPF Calculator Formula
The maturity value of PPF investments is calculated using the formula:
Maturity Amount (M) = P × [{(1 + r)n – 1} ÷ r]
Where:
- M = Maturity amount
- P = Annual investment
- r = Annual interest rate
- n = Number of years
Example of PPF Calculation
Investment Tenure
| Total Investment
| Total Interest
| Maturity Value
|
15 years
| ₹15,00,000
| ₹12,12,139
| ₹27,12,139
|
20 years
| ₹20,00,000
| ₹24,38,859
| ₹44,38,859
|