Mr Kedar would like to determine his potential returns from PPF investments. Let us understand how to use Scripbox’s PPF calculator with the help of an example. In other words, it is the value that one can expect at the end of their investment tenure.
Total Investment: It is the sum of all the yearly investments.With the given inputs, the PPF calculator determines the following values: Current Interest Rate (%): Time to time, Scripbox updates its calculator with the current PPF interest rates.Duration of Investment (in years): PPF account has a lockin period of 15 years and investors who wish to extend their investment can do so by a block period of five years.Yearly Investment: The amount you wish to invest in a PPF account in a year.The PPF calculator requires the following inputs. The Scripbox’s PPF calculator automatically computes the maturity amount and also the wealth gained from the PPF investment. It determines the wealth gained through PPF investments. On the basis of the input, the calculator computes the potential returns. You can determine the potential returns of an PPF account by entering data inputs such as yearly investment amount and duration of the investment. Scripbox’s PPF calculator is available online and is free to use. PPF Interest Rate How To Use the PPF Calculator? PPF Interest Rates March 2023 Financial Year Deposits into a PPF account have to be made at least once a year for 15 years. Investments can be made in lump sum or in a maximum of 12 installments. Furthermore, the minimum investment in PPF account is Rs. PPF has a minimum tenure of 15 years which can be extended indefinitely in blocks of 5 years.
But there is an option to withdraw money from the start of 7 th year, after completing 6 years.
Amount invested in PPF account is locked in for 15 years. Some private banks are also authorized to help open PPF accounts. A PPF account can be opened with a Post Office or any other nationalized banks. All one needs is to submit an application form along with KYC, address proof, identity proof, and signature proof. Also, it falls under EEE status, which means that the amount invested, interest earned, and maturity amount received are all tax-free. PPF is backed by the government of India, and the risk involved is very minimal, and it offers guaranteed risk-free returns. The current PPF account interest rate on PPF is 7.1% compounded annually. It was introduced in 1968 for the aim to mobilize small savings into an investment with reasonable returns with additional benefits to save tax.
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