Search results
Results From The WOW.Com Content Network
A PPF calculator takes into account factors such as contribution amount, investment duration and prevailing interest rate. The PPF calculator provides an estimated projection of the maturity amount and total earned interest from your PPF investment.
Check and compare the latest PPF interest rate 2023-24 with the rates of previous years here. Also find out how interest on PPF is calculated, interest on PPF account for minors and more.
Public Provident Fund or PPF interest rate is fixed by the government and compounded annually. Check PPF current interest rate for 2024 here.
The PPF interest rate for 2024 is 7.1% p.a., which is compounded annually. However, to receive the PPF interest for the deposit month, it is very important that you deposit your PPF amount within 5th of that month.
As far as the current PPF interest rate is concerned, for the quarter ending in June 2022, it has been fixed at 7.1% per annum. How to use a PPF Calculator? Using a PPF Calculator is simple. You simply have to plug in the details regarding your PPF investment as required.
Suppose, an individual pays an annual amount of Rs. 1,50,000 in their PPF investment for a period of 15 years at an interest rate of 7.1%, then his/her maturity sum at the closing year will be equal to Rs. 40,68,209. A quick check on opening balance, closing balance, withdraw amount and also rate of interest will definitely help you out.
Interest rates: The PPF (Public Provident Fund) interest rate is fixed by the Finance Ministry every quarter. The current PPF interest rate is 7.9%. And, though the interest is calculated every month, it gets credited to your account on 31st March every year.