1. What is a PPF Calculator After 15 Years?

Definition: This calculator estimates the maturity amount of a Public Provident Fund (PPF) account after the standard 15-year term.

Purpose: It helps investors plan their long-term savings by projecting the future value of their PPF investments.

2. How Does the Calculator Work?

The calculator uses the formula:

Where:

• \( M \) — Maturity amount ($)
• \( P \) — Annual deposit ($)
• \( i \) — Annual interest rate (in decimal, e.g., 0.071 for 7.1%)

Explanation: The formula accounts for compound interest over 15 years, with deposits made at the beginning of each year.

3. Importance of PPF Calculation

Details: PPF is a popular long-term savings scheme with tax benefits. Accurate projections help in financial planning and goal setting.

4. Using the Calculator

Tips: Enter your planned annual deposit amount and the current PPF interest rate (default 7.1%). All values must be > 0.

5. Frequently Asked Questions (FAQ)

Q1: Why 15 years specifically?
A: PPF has a mandatory maturity period of 15 years, though it can be extended in blocks of 5 years.

Q2: What's the current PPF interest rate?
A: As of 2023, it's typically around 7.1%, but check with your bank for current rates.

Q3: Can I deposit more than once per year?
A: Yes, but the calculator assumes one lump sum deposit per year for simplicity.

Q4: Are there tax benefits?
A: Yes, PPF offers EEE (Exempt-Exempt-Exempt) tax benefits under most tax regimes.

Q5: What's the maximum annual deposit?
A: This varies by country, but typically there's an upper limit (e.g., $150,000 in India).