PPF Calculator: If you are looking for a safe investment option with good returns, the Public Provident Fund (PPF) can be a suitable choice. This scheme offers a risk-free investment opportunity with attractive interest rates. Any Indian citizen can invest in PPF, with a minimum deposit of Rs 500 and a maximum of Rs 1.5 lakh per year.
The PPF scheme has a tenure of 15 years and benefits from compounding. Currently, the PPF interest rate stands at 7.1 percent. If you are considering investing in PPF, let’s explore how much return you can expect on monthly investments of Rs 2000, 3000, 4000, and 5000.
Returns on an investment of Rs 2000:
Using the PPF Calculator, if you invest Rs 2000 per month, your annual investment will be Rs 24,000. Over the course of 15 years, your total investment will amount to Rs 3,60,000. With a compounding interest rate of 7.1 percent, your maturity amount will be Rs 6,50,913.
Returns on an investment of Rs 3000:
For a monthly investment of Rs 3000, your annual investment will be Rs 36,000. Over 15 years, your total investment will reach Rs 5,40,000. Considering the compounding interest, you will receive Rs 4,36,370 as interest. The maturity amount after 15 years will be Rs 9,76,370.
Returns on an investment of Rs 4000:
If you invest Rs 4000 per month, your annual investment will be Rs 48,000. In 15 years, your total investment will amount to Rs 7,20,000. With a compounding interest rate of 7.1 percent, you can expect Rs 5,81,827 as interest. The maturity amount will be Rs 13,01,827.
Returns on an investment of Rs 5000:
For a monthly investment of Rs 5000, your annual investment will be Rs 60,000. Over the course of 15 years, your total investment will reach Rs 9 lakhs. Considering the current interest rate, you will receive Rs 7,27,284 as interest. The maturity amount through this scheme will be Rs 16,27,284.
Please note that the PPF interest rates may vary, and it is advisable to check the latest rates before making any investment decisions.
