1. What is a Year Wise PPF Calculator?

Definition: This calculator estimates the maturity value of a Public Provident Fund (PPF) investment, showing year-by-year growth.

Purpose: It helps investors plan their long-term savings by projecting how their PPF investment will grow over time.

2. How Does the Calculator Work?

The calculator uses the formula:

Where:

• \( Maturity \) — Total maturity value ($)
• \( P \) — Annual deposit amount ($)
• \( i \) — Annual interest rate (as decimal, e.g., 0.071 for 7.1%)
• \( n \) — Total investment period (years)
• \( year \) — Current year in the investment period

Explanation: Each year's deposit compounds differently based on its remaining tenure in the PPF account.

3. Importance of PPF Calculation

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

4. Using the Calculator

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

5. Frequently Asked Questions (FAQ)

Q1: Why does each year's deposit have different maturity?
A: In PPF, each deposit compounds for different durations. Earlier deposits earn interest for longer periods.

Q2: What's the current PPF interest rate?
A: As of 2023, it's 7.1% but this changes quarterly. Check with your bank for current rates.

Q3: What's the minimum and maximum investment period?
A: Minimum 15 years, extendable in blocks of 5 years.

Q4: Can I deposit more than once per year?
A: Yes, but the calculator assumes one annual deposit for simplicity.

Q5: Are there tax benefits?
A: Yes, PPF offers EEE (Exempt-Exempt-Exempt) tax benefits under most tax regimes.