Introduction :

This scheme not only provides you good returns but also provides a security, so that you can easily invest in it without any problem. By investing little by little in this, you can create a big and strong corpus in the future.

If we talk about public provident fund saving scheme calculator, then this tool is helpful in making correct and accurate estimated calculations. Because with this tool you get clear information about the interest rate and total investment value of the PPF scheme.

Importance of PPF scheme and its calculator :

• What is PPF scheme?

PPF (Public Provident Fund) It is a savings scheme in India launched by the Ministry of Finance, Government of India to promote awareness and encourage savings among the general public. This scheme is a risk-free and security-free scheme for citizens living in India, in which investment provides the benefit of tax savings on both interest and maturity.

• Why do you need a PPF saving scheme calculator and how is it beneficial?

PPF calculator It helps you to estimate exactly how much maturity amount you will get in how many years from the money you have invested. It instantly calculates the maturity amount that we will receive in the future and tells us whether this amount can meet our financial goals or not. Therefore, if we understand the PPF tool in simple words, then it can be said that it is a tool which helps in calculating your future financial goals and planning your financial situation better.

Key rules and limitations of the PPF scheme :

• Under this scheme, you can only invest between ₹500 and ₹150,000 annually. Investing any additional amount will not entitle you to the benefit of that amount.

• The minimum tenure of the PPF scheme is 15 years, however, if you wish, you can extend its maturity period by 5 years each after completion of 15 years.

• The current annual interest rate of PPF scheme is 7.1% which is the lowest rate fixed by the Ministry of Finance, Government of India on a quarterly basis.

Use of PPF calculator and its features :

• In the first step, with the help of this slider, fix how much amount you are comfortable in paying.
Then in the second step, choose your time period i.e. for how many years you want to invest in this scheme.
Then finally you can easily see the result of the calculation done by it with an attractive chart.

• You can easily see the result of the investment amount and the interest earned on it in the chart shown by the PPF calculator. Which helps you in making proper plans towards your financial goals and objectives.
The charts displayed by it have been kept so clean and simple that even if a person is using this tool for the first time, he can understand everything in one go. The specialty of this tool is that it has been made user-friendly with very unique and advanced features.

Now you should know the formula of the tool used in this tool :

• M stands for the maturity amount received on maturity.

• P stands for the fixed amount to be deposited every year.

• R stands for annual rate of interest.

• N stands for the period in years for which you want to invest.

Financial Planning through PPF :

• Under the PPF scheme, tax benefits are available under Section 80C on the amount invested, the interest earned on it and finally on the maturity amount.

• This tool should be used by every individual who is looking for a safe option to achieve their long-term financial goals.

• Disclaimer – This tool only provides estimated results based on the details you enter. Therefore, the final interest amount will be subject to government notifications and bank regulations.

conclusion :

This is a tool that helps you accurately calculate your financial goals and plan your finances, and also demonstrates the computational power of compounding. And this tool tells you how small amounts invested by you can become a big corpus over a long period of time.
So don’t ignore this tool and plan your financial goals without any worries and see your dreams come true.

• About PPF scheme Full information

• post office Savings plan official website