Axis PPF Calculator
The Axis Public Provident Fund (PPF) calculator is a great tool to help you calculate the returns on your investment in PPF. The calculator lets you calculate the maturity amount and the interest earned in a few clicks.
PPF is one of India's most popular tax-saving investment instruments available for retail investors. The government of India launched the scheme. It offers guaranteed returns. Under the old regime, deposits of up to ₹1.5 lakh a year count towards section 123 (the old Section 80C) of the Income-tax Act, 2025. The interest and the maturity amount are not taxed.
How Does The Axis PPF Calculator Work?
The calculator uses the below formula to calculate your maturity amount.
Where:
M is the maturity amount
P is the annual contribution
i is the annual rate of interest
n is the number of years
Example:
You are planning to invest ₹50,000 every year in a PFF scheme for 20 years. You wish to know how much you would earn at the end of 20 years. Here's how we can calculate that:
Converting the interest rate, i = 7.1/100 = 0.071
M = P [(1 + i)^n - 1) / i] x (1 + i)
M = 50,000 x [(1 + 0.071)^20 - 1) / 0.071] x (1 + 0.071)
M = ₹22,19,429
If you invest ₹50,000 every year in PPF and continue investing for 20 years, you will earn a maturity amount of over ₹22 lakhs.
How Should You Use The Axis PPF Calculator?
The PPF calculator is easy to use and can be used by beginners and seasoned professionals. Here's a step-by-step explanation of using the calculator in the right way.
Step 1: Type in the amount you wish to invest in PPF every year.
Step 2: Key in the number of years you will stay invested in the scheme.
The interest rate will remain fixed i.e. 7.1%. When you enter the details, the calculator will show you the total investment amount, the total interest earned, and the maturity amount.
Example:
Ms Shelly is planning to invest ₹1,10,000 every year in a PPF scheme. She is planning to invest for 30 years. Let's calculate how much she can earn using the calculator formula.
Converting the interest rate, i = 7.1/100 = 0.071
M = P [(1 + i)^n - 1) / i] x (1 + i)
M = 1,10,000 [(1 + 0.071)^30 - 1) / 0.071] x (1 + 0.071)
M = ₹1,13,30,668
If Ms Shelly invests ₹1.1 lakhs for a period of 30 years, she would earn a maturity amount of over ₹1.13 crores at the end of her investment tenure.
What Are The Benefits Of Axis PPF Calculator?
These are the benefits of using the Axis PPF calculator.
- The PPF calculator makes goal planning much easier as it will tell how much returns you will make even before investing.
- The calculator can be used for free unlimited times.
- The calculator gives you error-free results every single time.
- The calculator helps you avoid making complicated calculations manually.
- The calculator allows you to experiment with different contribution amounts, helping you choose the investment amount that helps you achieve the desired corpus.