The Public Provident Fund (PPF) is a long-term savings scheme launched by the Government of India. Post Offices in India offer a convenient way to invest in the PPF scheme. You can use the Post Office PPF Calculator to easily calculate returns on your investments.
The Public Provident Fund (PPF) is a government-backed savings scheme designed to encourage long-term savings among Indian citizens. Individuals deposit a fixed amount annually, and the government offers attractive interest rates, compounded annually. PPF accounts have a maturity period of 15 years, and investors have the option to extend in blocks of 5 years.Â
The scheme falls under the EEE (Exempt-Exempt-Exempt) tax category, providing tax benefits on the principal, interest, and maturity amounts. The interest rates are fixed quarterly by the Ministry of Finance. Currently, PPF offers an interest rate of 7.1% compounded annually. PPF is a reliable and popular investment choice for those seeking stability and tax advantages.
PPF Calculator Post Office is a free online financial tool that helps in the easy and hassle-free computation of PPF related calculations within seconds. The Post Office PPF Calculator helps in calculating the yearly returns that an investor can earn by contributing a fixed amount for a fixed period of time. It is important to note that the PPF account comes with a tenure of 15 years and cannot be closed before the lock-in period except in certain cases.
Plan better with: SIP Calculator
Post Office PPF Calculator is a simple and easy-to-use tool financial tool that calculates returns by following these simple steps:
Enter the monthly contribution you wish to invest.
The PPF interest rate should be pre-filled in the calculator.
Specify the investment duration for your PPF account.
Once these details are input, the calculator will present the overall investment, accrued interest, and the total amount at maturity.
Explore other investment options on Policybazaar to discover plans with attractive returns.
The benefits of using a Post Office PPF Calculator are:
Hassle-free results in comparison to manual calculations.
Accurate results with minimum basic details.
Guides how much investment should be made to achieve a desirable maturity amount.
†Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. The sorting is based on past 10 years’ fund performance (Fund Data Source: Value Research). For a complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website, www.irdai.gov.in
*All savings are provided by the insurer as per the IRDAI approved insurance plan.
^The tax benefits under Section 80C allow a deduction of up to ₹1.5 lakhs from the taxable income per year and 10(10D) tax benefits are for investments made up to ₹2.5 Lakhs/ year for policies bought after 1 Feb 2021. Tax benefits and savings are subject to changes in tax laws.
¶Long-term capital gains (LTCG) tax (12.5%) is exempted on annual premiums up to 2.5 lacs.
~Source - Google Review Rating available on:- http://bit.ly/3J20bXZ