Are you looking to manage your wealth and secure your financial future? Well, the first step is to accumulate savings. But with so many savings account options out there, how do you choose the right one that guarantees good returns without taking unnecessary risks? That's where the Public Provident Fund (PPF) account comes in.
Whether you're a new employee starting your career or a responsible parent planning for your child's future, the PPF account is an ideal choice. But here's the catch: calculating the interest rates and returns on your PPF account can be a bit tricky.
But worry not! StockGro PPF account calculator takes the complexity out of estimating your returns and helps you plan your finances more effectively.
A PPF calculator is a helpful tool for all your questions about your Public Provident Fund account. It's like a magic wand that can solve your doubts about calculating the maturity amount of your account over time.
You see, there are certain rules and specifications to follow when calculating the maturity amount. But fear not! The PPF calculator keeps track of your capital's growth and helps you stay on top of things.
If you already have a PPF savings account, you know that interest rates change every month. But don't worry, the PPF calculator is here to save the day! It helps you easily keep tabs on those monthly interest rate changes.
Nowadays, there are plenty of user-friendly PPF calculators available in the market. But when it comes to choosing a trustworthy option, look no further than StockGro.
StockGro uses a formula to calculate your PPF savings, including the deposited amount and interest. Here's the formula:
F = P [(((1+i) ^n)-1)/i]
Here's what each variable represents:
I - Rate of interest
F - Maturity of PPF
N - Total number of years
P - Annual instalments
Now, we know this formula might look a bit intimidating, but fear not! To make things crystal clear, let us walk you through an example.
Suppose an individual invests an annual amount of Rs. 50,000 in their PPF account for a period of 15 years at an interest rate of 8%. The following table shows the yearly and final amounts:
Not only can you calculate your PPF investments annually, but you can also perform monthly calculations using PPF calculator. This allows you to track and plan your savings more frequently and accurately.
Using a PPF calculator is simple and beneficial. This user-friendly tool provides accurate information and is worth investing in. All you need to do is input values in specific fields, such as tenure, total investment amount, interest earned, and frequency of investment (monthly or yearly).
Once you enter the values, the calculator will instantly display the total maturity amount. It's important to note that if you make a deposit on April 1st, the interest will be calculated based on the financial year, and inflation may impact the interest rate.
Here are the advantages of using an online PPF calculator:
To ensure accurate results, input the deposited amount and specify the type of deposit, whether fixed or variable, in the calculator.