The PPF calculator is designed to calculate the public provident fund return and interest based on yearly investment and time period.
Are planning to invest in the Public Provident Fund scheme? Use our PPF Calculator to check how much interest you will earn after the investment period. In short, it gives how much return you can get on the amount you invest.
The current PPF interest rate is 7.1% per annum. Also, you can invest a minimum ₹500 and a maximum ₹1,50,000 per year. In addition, the PPF scheme duration is from 15 to 50 years. It means you have to invest your money for at least 15 years and then you can withdraw the amount.
MV = |
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Where,
MV = Maturity value
P = Annual installment amount
i = Interest rate
n = Number of years