PPF Calculation: How much will you get in 15 years by investing Rs 6000, Rs 10000, Rs 12000 monthly in Post Office Public Provident Fund?

PPF Calculation: The Public Provident Fund (PPF) is a government-backed savings scheme in India that offers long-term financial security. It comes with a lock-in period of 15 years, which can be extended further in blocks of five years. The scheme has a contribution limit, requiring a minimum annual deposit of Rs 500 and allowing a maximum of Rs 1.5 lakh per year. Based on these limits, let us understand how much wealth you can accumulate over 15 years by investing Rs 6,000, Rs 10,000 and Rs 12,000 per month in a Post Office Public Provident Fund account.

When choosing where to open a PPF account, you can opt for either a bank or a post office, as both offer the same rules and benefits.

Who is eligible to open a PPF account?

1. Resident Indian Adult: A single adult who is a resident of India can open a PPF account.

2. Guardian for Minor/Person: A guardian can open a PPF account on behalf of a minor or a person.

Only one PPF account can be opened across the country, either in a post office or a bank.

What to do after PPF maturity

1. You can take the maturity payment by submitting the account closure form along with the passbook at the concerned Post Office.

2. The depositor can retain the maturity value in the account without making further deposits, and the applicable PPF interest rate will still be earned; the payment can be taken at any time, or one withdrawal can be made per financial year.

3. The depositor can also extend the account for a further block of 5 years, and so on, within one year of maturity, by submitting the prescribed extension form at the concerned Post Office.

Post office PPF calculation conditions

What will be PPF maturity amount after 15 years with Rs 6000 monthly investment?

What will be PPF maturity amount after 15 years with Rs 10000 monthly investment?

What will be PPF maturity amount after 15 years Rs 12000 monthly investment?

Annual investment: Rs 1,44,000 (12000x12)

Your investment amount in 15 years will be Rs 21,60,000. The estimated interest earned will be Rs 17,45,481 and the estimated maturity amount will be Rs 39,05,481.

(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money related decisions.)