Download App
HomeOur StoryMethodologyLearnFAQs

Edelweiss PPF Calculator

₹
Yr
Rate of interest p.a
7.1%
Total invested₹ 75,000
Total interest₹ 60,607
Maturity value₹ 1,35,607
Invested amountTotal returns

The Edelweiss PPF calculator is a valuable tool that helps you estimate the returns you can generate at the end of your investment tenure when investing in a PPF account. With just a few details such as the investment amount and tenure, this calculator provides an estimate of returns, taking the prevailing interest rate into account.

The Public Provident Fund (PPF) is a savings plan designed to allow investors to save a portion of their income for building a retirement corpus. PPF offers guaranteed interest on the principal amount and provides tax-saving benefits. Introduced to encourage individuals not covered by the Employee Provident Fund Organization (EPFO) to save for retirement, PPF is a popular choice for long-term savings.

How Does The Edelweiss PPF Calculator Work?

The Edelweiss PPF calculator uses the following formula to calculate the maturity amount of your PPF investment:

M = P [(1 + i)^n - 1) / i] x (1 + i)

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:

Let's consider that you plan to invest ₹1,30,000 annually in PPF and continue your investment for 20 years. Using the current PPF interest rate of 7.1%, you can calculate the maturity amount using the calculator formula as follows:

M = 1,30,000 x [(1 + 0.071)^20 - 1) / 0.071 x (1 + 0.071) M = ₹57,70,515 (approximately).

By investing ₹1,30,000 every year in PPF and continuing your investment for 20 years, you can expect to accumulate nearly ₹58 lakhs.

How Should You Use The Edelweiss PPF Calculator?

Using the Edelweiss PPF calculator is simple and efficient. Here's how to use it correctly:

Step 1: Enter the amount you plan to contribute to your PPF account annually.
Step 2: Specify the number of years you intend to continue your PPF investment.
Step 3: Typically, the calculator includes the current interest rate for PPF.
Step 4: Once you've entered these details, the calculator will provide an estimate of the total amount that will be accumulated at maturity. It will also show you the total investment amount and interest earned.

Example:

Let's take the example of Ms. Mala, who plans to invest ₹8,800 annually in PPF for 25 years. She wants to know the maturity amount she'll receive at the end of her investment tenure. Plugging in the values into the calculator, we get:

M = 8,800 x [(1 + 0.071)^25 - 1 ] / 0.071 x (1 + 0.071) M = ₹6,04,736 (approximately).

By investing ₹8,800 every year in PPF for 25 years, Ms. Mala can expect to build a corpus of over ₹6 lakhs.

Benefits Of Using The Edelweiss PPF Calculator

There are several reasons to use the Edelweiss PPF calculator:

  • It provides a clear estimate of the amount you can accumulate at the end of your investment tenure, helping you plan for your financial goals.
  • By automating complex calculations, the calculator saves you time and reduces the chance of errors.
  • You can use the calculator repeatedly to find the optimal investment amount to meet your financial objectives.

Edelweiss PPF Calculator - Frequently Asked Questions (FAQs)

Who can open a PPF account?
Only Indian citizens are allowed to open a PPF account. An Indian citizen residing in another country may continue to operate their PPF account. Parents/guardians can open a PPF account on behalf of their minor children. However, joint and multiple accounts are not allowed.
When does my PPF investment mature?
A PPF account matures 15 years from the end of the financial year in which the account was opened. The account can be extended for a block of five years at a time after the expiry of the lock-in period.
Can I make monthly deposits in my PPF account?
You can make monthly deposits, as well as, lumpsum deposits. However, it is important to note that you can only make up to 12 installments in a year of different amounts, but not more than 12 investments in a year.