An online tool which gives you an approximate estimate of the money you have to put aside. PPF calculator for monthly investment plans for you, once you have the values fed into the online calculator. It is programmed to be error-free.
How does the PPF Calculator work?
A PPF Calculator is an online tool to help you perform complicated calculations. It has been programmed to compute details that you fill in regarding your PPF investment.
How to use a PPF Calculator?
For instance, if you use the Bank of Baroda’s PPF Calculator, you just have to enter details like frequency and the amount of investment.
After you provide this information, you will be shown the maturity value (the value you will receive after the tenure ends). The PPF calculator showcases a complete breakdown of the deposit and interest amount within a few seconds.
How do you calculate PPF?
PPF account holders know that PPF is a tax-saving investment option for long-term saving. PPF – the saving instrument – tells you to start saving by putting aside small amounts every month to create a corpus – that will fulfil the goals you have in your plan.
If you want to calculate the expected interest and maturity value for your PPF account, you can use the formula given below:A = P [({(1+i) ^n}-1)/i]A is the amountP is principal amountI is the expected rate of returnN is no. of years
To ensure you get quick and accurate figures for your PPF investment, you can rely on an online PPF Calculator.