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PPF Calculator: Invest ₹12,500 per month in PPF and get around 41 lakh rupees in 15 years

Jyoti — Fri, 01 Nov 2024 13:05:25 +0000

PPF Calculator:The Public Provident Fund (PPF) account is a risk-free investment and tax-saving tool backed by the central government. This small savings scheme offers attractive long-term returns.

Currently, PPF offers 7.1% interest. The maturity period of a PPF account is 15 years, but it can be extended indefinitely in blocks of 5 years. This makes it an excellent option for building a retirement corpus.

If you invest Rs 12,500 every month in the Public Provident Fund, you can accumulate a good fund of around Rs 41 lakh during the investment period. You can contribute a minimum of Rs 500 and a maximum of Rs 1.5 lakh within a financial year. However, the contribution can be made only once per month.

Let us understand from PPF calculator how much return we will get Monthly Investment: Rs 12,500

Annual Investment:Rs 150000

Time Period:15 years

Interest Rate:7.1%

Invested amount:Rs 2250000

Total Interest:Rs 1818209

Maturity Value:Rs 4068209.

PPF accounts have a tenure of 15 years, but you can extend them in blocks of 5 years. However, if a PPF account holder uses the extension benefit and avails compounding benefits for the next 15 years, he can earn Rs 1.5 crore in 30 years.

Annual Investment:Rs 150000

Time Period:15 years

Interest Rate:7.1%

Invested amount:Rs 2250000

Total Interest:Rs 1818209

Maturity Value:Rs 4068209.

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PPF calculator: If you don’t like risk, invest money in PPF, you will own Rs 2,26,97,857 by the time of retirement

Jyoti — Thu, 10 Oct 2024 06:03:07 +0000

Becoming a millionaire is not rocket science. For this, you just have to understand the strategy of saving and investing and bring a little patience in yourself because any such work takes a long time.

Now the question comes where to invest. If you can take a little risk, then a scheme like Mutual Fund SIP can be helpful for you. But if you do not like risk, then you can take the option of PPF i.e. Public Provident Fund. A maximum of Rs 1.5 lakh can be invested annually in PPF. Currently, 7.1 percent interest is being given on this scheme. Know here how you can add a fund of more than 2 crores through this scheme.

This way you will get Rs 2,26,97,857 till the age of 60

PPF scheme matures in 15 years, but you have to get it extended. You can get PPF extended any number of times in blocks of 5 years each. To add Rs 2,26,97,857, you will have to invest Rs 1.5 lakh in PPF every year i.e. deposit Rs 12,500 every month. After this, you will have to get it extended 4 times in blocks of 5 years each. In this way, the duration of your PPF account will become 35 years in total.

If you do this, you will invest a total of Rs 52,50,000 in 35 years, but you will get Rs 1,74,47,857 as interest on it. In this case, you will get Rs 2,26,97,857 on maturity. If you start this investment at the age of 25 and continue it for 35 years, then at the age of 60 you will have Rs 2,26,97,857 as retirement fund.

Account Extension with Contribution

Keep in mind that every time you want to extend PPF, you have to do it along with contribution. For this, you will have to submit an application to the bank or post office where you have an account. You will have to submit this application before the completion of 1 year from the date of maturity and you will have to fill a form for extension. The form will be submitted in the same post office/bank branch where the PPF account has been opened. If you are not able to submit this form on time, then you will not be able to contribute to the account. So take special care of this.

PPF Calculator: Your money can double in this government scheme, know the method

Jyoti — Mon, 30 Sep 2024 12:28:51 +0000

Public Provident Fund (PPF): Public Provident Fund (PPF) is a government savings scheme. Currently, the government is offering 7.1 percent interest rate to investors in PPF. In this scheme, compounding interest is calculated on an annual basis.

This scheme has a lock-in period of 15 years. However, if needed, investors can extend this period for another 5 years. Today we will tell you about this government savings scheme…

The most important thing about PPF is that it is a tax-saving scheme. The amount deposited in PPF is exempted under Section 80C of the Income Tax Act. A maximum of Rs 1.5 lakh can be deposited in PPF annually. Apart from this, the interest received on the money and the amount received on maturity are not taxed, that is, PPF is a completely tax-free investment option.

How is interest calculated in PPF?

Interest on your PPF account is compounded annually and is credited at the end of the financial year. This calculation is based on the lowest balance available between the 5th and the last day of the month. Therefore, it is important that the PPF amount is credited to your PPF account before the fifth of every month to get maximum interest.

How will the investment double?

Let us explain to you with an example how investment in PPF can be doubled. Suppose that every month Rs 10,000 is deposited in your PPF account, that is, Rs 1.2 lakh is deposited in PPF in a year. The current interest rate in PPF is 7.1 percent and you deposit this amount continuously for 15 years. After 15 years, your total investment will be Rs 18 lakh. And at the current rate of 7.1 percent, you will get interest of Rs 13.56 lakh. That is, on maturity you will get more than Rs 31 lakh. This means that your amount will almost double and that too tax free.

Returns will double in PPF

The power of compounding works best when you start early
. The longer the money stays in a PPF account, the higher the interest rate. If possible, start investing in PPF early in your career to get the most benefit of compounding.

Invest more money:

The more money you invest in the long term, the more funds will be collected on maturity.

You can extend the limit after 15 years

After the initial lock-in period of 15 years, you can extend your PPF account in blocks of 5 years. Extending the account not only adds additional money to your deposit, but interest on the existing balance will also continue to accrue.

Deposit money regularly

Make regular deposits in your PPF account and avoid fund withdrawals if possible. Money in PPF doubles with patience. With consistent and long-term investments, you can take full advantage of this tax-free investment option.

PPF Calculator: You can easily become a millionaire through Public Provident Fund, just do these simple things

Pravesh Maurya — Mon, 18 Sep 2023 12:15:58 +0000

PPF Calculator: Public Provident Fund (PPF) is a long term savings scheme in India. At present, investors are getting the benefit of 7.1 percent interest rate on PPF from April 1, 2023. Investors can invest in PPF account in any bank or post office.

However, any investor has to invest a minimum of Rs 500 in a year in the PPF account and in its absence the PPF account may become inactive. Also know that you cannot invest more than Rs 1.5 lakh in a PPF account in a year. PPF account takes 15 years to mature.

How can PPF account make you a millionaire?

If you go for the traditional investment option, it will take you a lot of time to build a corpus of crores of rupees, but personal finance experts say that with the power of compounding in PPP investment, this task can be done easily. Anyone can extend the PPF account for 5 years and this can be done any number of times. Whenever you extend your PPF account, you should extend it with investment option so that you will get double benefit on it. Like, interest will be given on both PPF maturity amount and fresh investment. Through this, you will get maximum benefit on your investment which can increase your returns manifold.

In simple words, anyone can start investing in PPF account from time to time and get Rs 1 crore or more by the time of their retirement.

PPF calculator

If an investor extends the PPF account twice for 5 years each after the maturity of 15 years, then he is able to earn a good amount of money and become a millionaire in 25 years. Let us know how this can happen – If a PPF investor deposits Rs 1.5 lakh in his PPF account in a year – it can also be deposited in the form of monthly installments such as Rs 8333.3 every month. Now according to this, the maturity amount of your PPF investment of 25 years will be – 1,03,08,015 or Rs 1.03 crore. Here it is important to keep in mind that the total investment you made was Rs 37,50,000 and according to the 7.10 percent annual interest rate (current interest rate), you got a total interest of Rs 65,58,015.

PPF taxation rules

The rules of PPF taxation give you the EEE tax benefit in which not only you get tax exemption on the annual amount of Rs 1.5 lakh invested in PPF, apart from the annual investment, the maturity amount of PPF is also tax free. In this way you get triple EEE tax benefit which is known as exemption-exempt-exempt.
Is called benefit.

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PPF Calculator: How much will be the return on monthly investment of 2000, 3000, 4000 and 5000 rupees in PPF scheme?

Pravesh Maurya — Sat, 17 Jun 2023 04:35:28 +0000

Public Provident Fund can be a better investment option for those people who are looking for a risk-free and better interest-paying scheme. Know here how much return you will get on a monthly investment of 2000 to 5000 in this.

If you are looking for a scheme for investment, in which there is no risk and the profit is also better, then Public Provident Fund (PPF) can be a better option. Any Indian citizen can invest in this scheme. A maximum of Rs 1.5 lakh can be deposited annually in PPF and a minimum of Rs 500.

This scheme is for 15 years and gets the benefit of compounding. At present, interest is being received on PPF at the rate of 7.1 per cent. If you also want to invest in this scheme, then know here how much return you will get on monthly investment of Rs 2000, 3000, 4000 and 5000?

Profit on investment of Rs 2000

According to PPF Calculator, if you invest Rs 2000 per month in PPF, then you will have an investment of Rs 24,000 in a year. In this way, in 15 years you will invest a total of Rs 3,60,000. But according to the compounding interest of 7.1 percent, Rs 2,90,913 will be received. In this way, a total of Rs 6,50,913 will be received at the time of maturity.

On investment of Rs.3000

If you deposit 3000 rupees monthly in PPF, then you will invest a total of 36000 rupees in a year. Rs 5,40,000 will be deposited in 15 years and Rs 4,36,370 will be received as interest. In this way, when your scheme matures after 15 years, then you will get Rs 9,76,370.

4000 on investment of Rs.

On the other hand, if you invest Rs 4000 in PPF every month, then your annual investment will be Rs 48,000. In this way, in 15 years you will invest a total of Rs 7,20,000. If you calculate the interest according to 7.1 percent, then you will get Rs 5,81,827 as interest on the investment made. At the same time, the maturity amount will be Rs 13,01,827.

On investment of Rs 5000

If you deposit 5000 rupees every month in PPF, then a total of 60,000 rupees will be deposited in a year and in 15 years your investment of 9 lakhs will be done in this scheme. Talking about interest on this, according to the current interest rate, Rs 7,27,284 will be received as interest. In this way you will get Rs 16,27,284 on maturity through this scheme.

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PPF rules Change: Big news! The government made 5 big changes in PPF, Know the new rule before depositing money, otherwise…

Pravesh Maurya — Tue, 18 Oct 2022 12:05:05 +0000

PPF Calculator: If you invest for the future through PPF account, then you must know about this news. The government has also made changes in PPF after Sukanya Samriddhi Yojana (SSY). Let us tell you about 5 big changes in PPF.

You can continue your PPF account even after 15 years without depositing money. There is no obligation on you to deposit money in this. After maturity, if you want to do the extension of PPF account, then you can withdraw money only once in a financial year.

If you want to take a loan against the money deposited in the PPF account, then two years before the date of application, you can take a loan only on 25 percent of the PPF balance available in the account. For example, if you are applying on October 31, 2022, then two years before that i.e. on October 31, 2020, if you had Rs 1 lakh in your PPF account, then you can get 25 percent loan.

The interest rate on taking a loan against the amount deposited in PPF has been reduced from 2 percent to one percent. On repaying the principal amount of the loan, you are required to pay the interest in two or more installments. Interest is calculated from the 1st of every month.

To open a PPF account, instead of Form A, now Form-1 has to be submitted. For extension of PPF account after 15 years (with deposits) one year before maturity, one has to apply in Form-4 instead of Form H.

The investment in PPF account should be in multiples of Rs 50. This amount should be a minimum of Rs 500 or more in a year. The amount deposited in PPF during the entire year should not exceed Rs 1.5 lakh. You can deposit money in PPF account only once in a month.

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Govt New Scheme: Start this government scheme in the name of son or daughter, after 25 years you will get 1 crore guaranteed

Pravesh Maurya — Wed, 05 Oct 2022 20:05:57 +0000

PPF Calculator: Government Savings Scheme Public Provident Fund (PPF) is a popular small savings scheme. It can be started easily at any nearest post office. Maturity in PPF is 15 years, that is, this scheme is being run by the government keeping in mind the investment savings in the long term.

Although it is helpful in preparing a better fund in the future for the employed, but you can also start it in the name of your child. After the child becomes an adult, he can operate the account under PPF. Through this scheme, the child can get a good fund when the child becomes an adult, so that the goals like higher education can be easily fulfilled.

Income tax benefit is also available in PPF account under section 80C. In this, you can take advantage of tax exemption on investment up to 1.5 lakh annually. The interest received in this scheme and the amount received on maturity are tax free. There is also the facility of loan and partial withdrawal against the account opened in the name of the child.

Scheme can be extended even after maturity

The maturity of PPF account is 15 years. But it can be extended for further 5-5 years with prior notice. You can invest a minimum of Rs 500 and a maximum of Rs 1.50 lakh annually in this account. However, if there is an account in the name of any of the parents other than the child, then the maximum amount will be 1.5 lakhs annually.

PPF: Return Calculator

Maximum Monthly Deposit: Rs 12,500
Maximum Annual Deposit: Rs 1,50,000
Interest Rates: 7.1 percent per annum Compounding
After 15 years Amount on Maturity: Rs 40,68,209
Total Investment: Rs
22,50,000 Interest Benefit: Rs 18,18,209

If the scheme is extended by 5 years

Maximum Monthly Deposit: Rs 12,500
Maximum Annual Deposit: Rs 1,50,000
Interest Rates: 7.1 per cent Compounding
p.a. Amount on Maturity after 20 years: Rs 66.58 lakh
Total Investment: 30 lakh
Interest Benefit: Rs 36.58 lakh

If the scheme is extended by 10 years

Maximum Monthly Deposit: Rs 12,500
Maximum Annual Deposit: Rs 1,50,000
Interest Rates: 7.1 per cent Compounding p.a.
Amount on Maturity after 25 years: Rs 1.03 crore
Total Investment: 37.50 lakh
Interest Benefit: Rs 65.58 lakh

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PPF calculator: 1 crore fund will be ready, if you will invest more and more in this scheme

Pravesh Maurya — Mon, 08 Aug 2022 21:59:12 +0000

PPF calculator: If you continue to invest Rs 12,500 every month in PPF for 25 years, you will get an amount of about Rs 1.16 crore on maturity. At present, the annual interest rate on this is 7.1 percent.

Public Provident Fund PPF: PPF is a retirement-focused investment scheme, which helps in generating inflation-beating returns over a long period of time. Investing in this from time to time can help you build a corpus of more than Rs 1 crore over a long period of time.

Know how the amount will be deposited

The interest rate of PPF changes every three months. At present, the interest rate on PPF is 7.1 per cent per annum. Interest is calculated every month. You have to invest for 15 years in PPF, that’s why it is called long term investment option. If you do not need the money, then you can increase its tenure twice in a block of 5-5 years i.e. you can invest in it for up to 25 years. For this, you have to fill the PPF account extension form.

The longer the deposit, the higher the return

Its specialty is that the longer you keep money in it, the more it grows.

According to a calculation from investment platform Groww, if one deposits Rs 12,500 a month (which is the highest monthly limit for PPF) and continues to do so for 15 years, he can earn Rs 43 lakh on maturity (if the interest rate is 7.1 per cent). persists) can be achieved.

How will the fund of 1 crore be prepared?

Now you can get more benefits by extending this account for five years within one year of maturity. In such a situation, after depositing Rs 1.5 lakh per year for 20 years, your PPF balance will reach Rs 73 lakh.

At the same time, if you continue this investment for five years and that is 25 years, then you will get an amount of about Rs 1.16 crore on maturity.

This means that with proper investment and patience, you can get strong returns.

Can avail tax exemption

Your investment in PPF is not taxable. The scheme has Exempt, Exempt, Exempt (EEE) status. This means that the money you deposit is not taxed. The interest earned on your investment is not taxed. Lastly, there is no tax on the maturity amount as well. This way your investment is completely tax-free. Along with this, you also get the benefit of deduction on PPF in order to save tax. It is included in the investment instrument under section 80C.

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