Calculation of PPF interest is not difficult. So, what is the exact algorithm of PPF calculator? As mentioned earlier, the interest will be compounded annually. For instance, you have made the initial investment of Rs. 1.5 lac. So, you will calculate the interest on Rs. 1.5 lacs at the ...
When you use an online PPF calculator, the calculator will simply apply the PPF calculation formula to determine the final value of your investment after a specific amount of time has passed and a specific PPF account interest rate. Calculations might not come naturally to all of us. If you ...
Interest Rate on PPF The rate of interest that is provided on a PPF account is 7.10% p.a. for the current financial year. It is compounded on an annual basis. The interest is paid on March 31 and the PPF interest rate is set by the Finance Ministry every year. The calculation of in...
2. Remember to make your PPF deposits well in time as the date of funds crediting to your PPF account is considered the date of deposit, for interest calculation purposes. 3. Don't withdraw from your PPF account to simply deposit the same funds back in your PPF account to get the tax ...
You are all set to start investing in PPF now that you know the PPF investment amount, maturity date, and the PPF interest rate. To open a PPF account, pick any reputed bank like Axis Bank and visit their official website. You can now start investing in PPF instantly and in a hassle...
You are all set to start investing in PPF now that you know the PPF investment amount, maturity date, and the PPF interest rate. To open a PPF account, pick any reputed bank like Axis Bank and visit their official website. You can now start investing in PPF instantly and in a hassle...