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Learn Everything Post Office PPF Calculator

Updated On Mar 07, 2022

The Public Provident Fund is a government-backed, efficient, and low-risk investment scheme. It allows you to contribute small amounts to your retirement savings during your working years, building a corpus for the future. You may put the money to good use and enjoy a financially comfortable life in your later years. The post office PPF requires a 15-year lock-in term. During these years, you are unable to close your PPF account. Starting in the seventh year, however, you can only use a portion of your corpus for specific purposes, such as serious disease treatment. Post office PPF has become a popular choice for many investors over the years because of its great interest rate and tax benefits. However, how can you know how much your post office PPF investment will be worth when it matures? This is where the Post Office's PPF calculator comes in help.

What Is A Postal Service PPF Calculator?

PPF Calculator is a straightforward and practical tool for making PPF investment calculations. You may determine the year-by-year returns you can expect from your PPF investment based on your contributions using the post office PPF calculator. You may also figure out how much the investment will be worth when it matures. If you finish your calculations, you will be more informed about your investment and will be able to make better decisions.

How Does the PPF Calculator at the Post Office Work?

The PPF calculator is easy to use. It is self-explanatory and does not require any prior expertise or technical skills to utilize. The following information must be entered:

  • The PPF is for a Set period

A post office PPF must be invested for a minimum of 15 years. In addition, the maximum time limit is 50 years.

  • The Frequency of Deposits

You may choose the frequency of your deposits when you invest in a post office PPF. You can make contributions to your PPF account on a monthly, quarterly, semi-annual, or annual basis.

  • The Deposit's Amount

You may start investing in PPF as low as Rs. 100 and make a minimum annual commitment of Rs. 500. You can choose the deposit quantity at your leisure, but it must be adjusted regularly to keep up with the deposit frequency. For example, if you wish to make a monthly contribution of Rs. 1000, you'll need to enter Rs. 12,000 into the calculator.

  • The Rate of Interest

Government orders may cause the post office interest rate to change. The interest rate may easily be found on the internet. Click the 'calculate' or 'compute' button after inputting the above-mentioned date into the calculator. PPF-related information, such as interest earned, maturity amount, and total PPF investment amount, will be sent to you straight away.

The Benefits of Using the Post Office's PPF Calculator

  • It gives you a decent idea of how much money you may make by investing in a PPF account.
  • The post office calculator saves time by doing calculations manually when calculating the PPF maturity value, interest earned, amount invested, and so forth. It also minimizes the likelihood of human-caused calculation mistakes.
  • It enables you to track your total investments over a fiscal year.

Take Away

As a result, using a post office PPF calculator to determine whether or not to invest in a public provident fund is a useful tool. The Public Provident Fund is a government-backed investing system that is both efficient and low-risk. It enables you to make tiny contributions to your retirement savings during your working years and develop a corpus for the future. You may put the money to good use in your latter years and live a financially secure existence.

Also Read: Learn Everything About LIC 1 Crore Term Insurance Policy

Disclaimer: This article is issued in the general public interest and meant for general information purposes only. Readers are advised not to rely on the contents of the article as conclusive in nature and should research further or consult an expert in this regard.

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