PPF Calculator

PPF calculator is basically an online financial tool that can help you find out your maturity amount along with the interest earned on your initial investment. With the PPF amount calculator, you can keep track of the growth of your investment.

Not every one of us can handle complicated calculations to arrive at the maturity amount. If you are planning to invest in PPF and don’t know how much to invest or how much returns you may get, using an online PPF calculator can be beneficial.

A PPF calculator works based on the mathematical formula to calculate the returns and interests earned on one’s investment. Using them is very easy. Most calculators have a user-friendly interface. However, if you are new to using online calculators, here is a quick step-by-step procedure to use a PPF interest calculator: -

**Step 1:** Visit the online PPF calculator website of your choice.

**Step 2:** Fill in all the details asked, including your initial investment and interest rate.

**Step 3:** The total maturity amount will be displayed on the screen within a few seconds.

It should be noted that if an individual deposits the amount on the 1st of April, then the interest earned will be calculated based on the financial year.

When you are new to investing, using online calculators can help you get a clear idea of the various investment option. In the case of PPF, using an online PPF calculator can be a big help.

• The expected returns from PPF can be calculated using this formula.
• F = P [({(1+i) ^n}-1)/i]
• Where,
• F = PPF maturity amount
• I = Interest Rate
• P = Investment made in a year
• N = Investment tenure
• Let us understand how the calculation works with the help of an example:
• Suppose Rahul invests a yearly amount of Rs. 1,00,000 in their PPF account for a period of 15 years at a rate of interest of 7.1%, then the amount at maturity would be INR 27,12,139
• This is how,
• F = 1,00,000 [({(1+7.1) ^15}-1)/7.1]
• = 27,12,139
• If the calculations seem complex to you, you can use a PPF interest calculator to get error-free results in a jiffy.

The PPF scheme comes with various features and benefits. Here are some of them: -

PPF comes with an investment tenure of 15 years. You also have the option to increase this tenure by 5 years indefinite times. The long tenure can help you generate sizeable wealth in the long run.

The PPF is a long-term investment with a lock-in period. However, partial withdrawals can be made only after completion of 5 years after account opening. If you are eligible to withdraw money from your PPF account, you can do that by following these steps: -

**Step 1:** Download the PPF withdrawal form (Form C) from your bank’s official website. There are a total of 3 sections of this form: -

• Declaration Section: Under this section, you need to provide your PPF account number and the amount you wish to withdraw. You are also required to specify the number of years the account has been active.
• Office-use Section: In this section, one needs to fill in the details like the date of account opening, date of previous withdrawal, and the current total balance.
• Bank details section: Bank account number and other details of the PPF account in which the withdrawn amount should be transferred.

**Step 2:** Attach a copy of the PPF passbook along with Form C.

**Step 3:** Submit the document at your respective bank branch.

After this, your application will be processed, and the withdrawal amount will be sanctioned. You can get the credited amount to your savings account or get a DD for the same.