1. What is a PPF Calculator with Monthly Investment?

Definition: This calculator estimates the maturity value of a Public Provident Fund (PPF) account with regular monthly contributions.

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

2. How Does the Calculator Work?

The calculator uses the formula:

Where:

• \( Maturity \) — Final amount at maturity ($)
• \( Monthly\ Deposit \) — Amount invested each month ($)
• \( i \) — Annual interest rate (in decimal, e.g., 0.071 for 7.1%)
• \( n \) — Investment period in years
• \( m \) — Month number in the investment period

Explanation: Each monthly deposit compounds at the PPF interest rate for the remaining months until maturity.

3. Importance of PPF Calculation

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

4. Using the Calculator

Tips: Enter the monthly deposit amount, current PPF interest rate (default 7.1%), and investment period in years (default 15). All values must be > 0.

5. Frequently Asked Questions (FAQ)

Q1: What is the current PPF interest rate?
A: As of 2023, it's 7.1% annually, but this changes quarterly. Check with your bank for current rates.

Q2: What's the minimum investment period for PPF?
A: The minimum is 15 years, extendable in blocks of 5 years.

Q3: Can I change my monthly deposit amount?
A: Yes, you can vary deposits between $500 and $1,500 annually (or equivalent in local currency).

Q4: How often is interest compounded in PPF?
A: Interest is compounded annually but calculated monthly.

Q5: Are there tax benefits with PPF?
A: Yes, PPF offers EEE (Exempt-Exempt-Exempt) tax benefits in many countries.