PPF calculator for post office- Public Provident Fund Calculator online

PPF calculator for post office- Public Provident Fund Calculator online 

Every people in India want to save some money for his future. There is a lot of options/schemes available in the market to invest money for saving etc. Some schemes have more risk and some schemes have free risk.

PPF is one of the best risk-free saving schemes available for each people of India. If you have all responsibility of your family then you must invest in Public Provident Fund Scheme. You can open your PPF account in a post office or bank.

Calculation of the interest of the PPF account is a little bit difficult hence I am sharing a PPF calculator post office for making PPF calculation easy.

How to calculate in PPF Calculator for post office?

This tool allows all the queries related to the PPF account.


One PPF calculator is also provided in excel format for you. You can download it from here.

The formula used in PPF calculator for post office

The formula used in below PPF calculator of post office is explained below in details:-

MA= AI [({(1+i) ^n}-1)/i]

Variable used in the above formula 
MA= Maturity Amount, AI= Annual installments, R= Rate of interest, n= Number of years

To clear your confusion regarding PPF calculation, I am sharing an example for the calculation of the PPF account of post office using the above formula.

Suppose an individual deposits 1,00,000 in his PPF account which is opened in post office and the rate of interest is 10%.

MA= 100000[({(1+10) ^15}-1)/10]

MA= 2,907,011 Rs. (Total deposits= 15,00,000 Rs., Total Interest= 14,07,011 Rs.)

Advantages of using PPF calculator of post office

Here I am sharing all the advantages of the use of the above PPF calculator of the post office.
  • The above calculator gives all ideas to a user that how much amount may be invested in PPF. What is the maturity amount on the invested amount in PPF.
  • This tool also gives information of invested amount in a financial year
  • 03. All post offices are working under Central Government hence user knows that no fraud will be occurred on his invested amount which is calculated by PPF calculator India.
  • 04. You can also deposit money in your PPF account by online. India Post Payments Bank offers for deposit online PPF amount. User can easily transfer the ired amount from his IPPB account to PPF account by India Post Payments Bank mobile application

Rate of interest of PPF account in history

Here I am sharing the whole history of PPF ROI (rate of interest). You can check the rate of interest of PPF scheme in any previous financial year. The details are as under:-

Sr.no.      Year      Rate of Interest
01.      1968-69      4.8%
02.      1969-70      4.8%
03.      1970-71      5%
04.      1971-72      5%
05.      1972-73      5%
06.      1973-74      5.3%
07.      01.04.1974 to 31.07.1974      5.8%
08.      01.08.1974 to 31.03.1975      7%
09.      1975-76      7%
10.      1976-77      7%
11.      1977-78      7.5%
12.      1978-79      7.5%
13.      1979-80      7.5%
14.      1980-81      8%
15.      1981-82      8.5%
16.      1982-83      8.5%
17.      1983-84      9%
18.      1984-85      9.5%
19.      1985-86      10%
20.      01.04.1986 to 31.03.99          12%
21.      01.04.1999 to 14.01.2000      12%
22.      15.01.2000 to 28.02.2001      11%
23.      01.03.2001 to 28.02.2002      9.5%
24.      01.03.2002 to 28.02.2003      9%
25.      01.03.2003 to 30.11.2011      8%
26.      01.12.2011 to 31.03.2012      8.6%
27.      01.04.2012 to 31.03.2013      8.8%
28.      01.04.2013 to 31.03.2016      8.7%
29.      01.04.2016 to 30.09.2016      8.1%
30.      01.10.2016 to 31.03.2017      8.0%
31.      01.04.2017 to 31.06.2017      7.9%
32.      01.07.2017 to 31.12.2017      7.8%
33.      01.01.2018 to 31.09.2018      7.6%
34.      01.10.2018 to 30.06.2019      8.0%
35.      01.07.2019 to 31.12.2019      7.9%
36.      01.01.2020 to 30.09.2020      7.1%

Currently, the rate of interest on PPF scheme is 7.1% up to 30.09.2020.

Conclusion

The PPF calculator of post offices play an important role in calculating PPF account. I suggest you that you must use the above calculator for you PPF calcucation.