This tool helps you calculate the maturity amount and interest on your Public Provident Fund (PPF) account in India, a popular tax-saving investment. It is designed for individuals looking to plan their savings effectively.
Tutti i calcoli si basano rigorosamente sulle formule e sui dati forniti da fonti ufficiali come il Ministero delle Finanze del Governo Indiano.
PPF Maturity Amount: M = P × \frac{(1 + r)^{n} - 1}{r}
Where M is the maturity amount, P is the annual investment, r is the annual interest rate, and n is the number of years.
PPF stands for Public Provident Fund, a long-term investment option backed by the Government of India, offering tax benefits and a stable interest rate.
The minimum contribution is ₹500, and the maximum is ₹1.5 lakh per financial year.
Yes, you can take a loan against your PPF account from the third financial year up to the sixth financial year.
If you miss a contribution, your account becomes inactive, and you must pay a penalty along with the minimum deposit to reactivate it.
Partial withdrawals are allowed from the seventh financial year onwards.