IndusInd PPF (Public Provident Fund) Calculator

The Public Provident Fund, or PPF, can be defined as a tax-saving income-generating instrument for people with little or no appetite for risk. This government-backed initiative was introduced to help investors save tax on their income. This scheme was introduced by the National Savings Institute of the Ministry of Finance in 1968 to mobilise small savings through an investment that provides significant returns while providing tax-saving benefits.

Investors use this tool to build a healthy corpus for retirement age by regularly setting aside small sums of money over a long period. PPF usually has a 15-year maturity period and a facility to extend the tenure. Due to its tax-saving benefits and attractive interest rates, the PPF has become a big favourite with small investors.

What is the IndusInd Bank PPF Calculator?

The IndusInd bank PPF calculator is a cleverly designed AI-backed tool that helps potential investors understand their investment returns. You can calculate the potential returns with this calculator by providing details like the investment amount and duration.

The calculator then computes the returns based on the details entered by the investor. This provides the return on investment by calculating the final interest earned on the investment amount. The IndusInd Bank PPF Calculator automatically calculates the wealth gained and maturity value of an investment in PPF.

Further, this calculator helps the investor compare the investment maturity value and interest rates with other tenures and lenders.

What Does the IndusInd PPF Calculator Require?

The IndusInd PPF Calculator is ideal to be used by investors as it provides accurate and quick results based on information entered by the user. Below are some details that the investor needs to furnish to use the calculator:

• Prevailing Interest Rate: The interest rate for the PPF investment is subject to change from time to time. The interest rate is updated on the PPF calculator based on the current interest rate offered by IndusInd bank.

• Investment Duration: This is the investment tenure or the lock-in period that the money has to be held in the account. Typically, a PPF account has a maturity duration of 15 years. However, the investor can extend the tenure by a block period of five years.

• Annual Investment Amount: This is the amount that the investor is willing to invest in the scheme yearly. Once the investor has provided the details mentioned above, the IndusInd PPF Calculator will compute the results and provide the following details:

1) Wealth Gained: This is the total amount gained on the investment amount during the entire investment period.

2) Total Investment: This is the sum of all the yearly investments made till the end of the investment maturity period.

3) Maturity Amount: This is the total payout the investor receives at the expiry of the investment period.

How Does the IndusInd PPF Calculator Help You?

The IndusInd Bank PPF calculator assists the investor in determining the investment value at the expiry of the tenure, along with the amount invested and interest accrued. Further, the calculator allows the investor to compare the returns gained with different annual investment amounts and periods. This helps the individual to make an informed decision about the investing journey.

Key Benefits of IndusInd Bank PPF Calculator

Given below are some of the main benefits of using the IndusInd Bank PPF Calculator:

• User-Friendly Interface: The IndusInd bank PPF calculator has a very user-friendly interface which makes it easy to use. The user just needs to enter the amount they need to invest annually and the investment tenure. This calculator computes the wealth gained, interest accrued, and total investment amount. Further, it also suggests other alternatives to a PPF investment.

• Computes the Wealth Gained: The calculator determines the wealth generated by your PPF investment. It also calculates the total maturity amount gained at the maturity period’s end.

• Fast and Accurate: Once you provide all the required details, the IndusInd Bank PPF calculator will provide the results within seconds. The calculator uses the inputs provided by the user to provide accurate results. However, the calculator does not guarantee any returns and only estimates the potential returns one can gain from their PPF investments.

• Efficient Financial Management: Once you know all the details about the returns you can get from your PPF investment, it is easier to decide your future dealings with the instrument.

IndusInd Bank Public Provident Fund Calculator Formula,

The IndusInd bank PPF calculator works on the formula for PPF calculation embedded in the tool. Given below is the formula the calculator uses to compute the maturity amount at the end of the tenure:

A = P [({(1+i) ^n}-1)/i]

In this formula,

• A stands for the maturity amount,
• P stands for the investment amount
• n stands for the investment tenure
• I stands for the interest rate of the PPF

IndusInd Bank PPF Investment Schedule 

Let us assume that you invest Rs. 50,000 per year for 15 years in the IndusInd PPF scheme. The table below details the total interest accrued at the prevailing interest rate of 7.1%.

Year	Opening Balance	Deposited Amount	Interest earned	Closing balance	Maximum Loan Availed	Maximum Withdrawal made
1st year	Rs. 0	Rs. 50,000	Rs. 3,950	Rs. 53,950	Rs. 0	Rs. 0
2nd year	Rs. 53,950	Rs. 50,000	Rs. 8,212	Rs. 1,12,162	Rs. 0	Rs. 0
3rd year	Rs. 1,12,162	Rs. 50,000	Rs. 12,811	Rs. 1,74,973	Rs. 13,488	Rs. 0
4th year	Rs. 1,74,973	Rs. 50,000	Rs. 17,773	Rs. 2,42,746	Rs. 28,041	Rs. 0
5th year	Rs. 2,42,746	Rs. 50,000	Rs. 23,127	Rs. 3,15,873	Rs. 43,743	Rs. 0
6th year	Rs. 3,15,873	Rs. 50,000	Rs. 28,904	Rs. 3,94,777	Rs. 60,687	Rs. 0
7th year	Rs. 3,94,777	Rs. 50,000	Rs. 35,137	Rs. 4,79,914	Rs. 0	Rs. 87,487
8th year	Rs. 4,79,914	Rs. 50,000	Rs. 41,863	Rs. 5,71,777	Rs. 0	Rs. 1,21,373
9th year	Rs. 5,71,777	Rs. 50,000	Rs. 49,120	Rs. 6,70,897	Rs. 0	Rs. 1,57,937
10th year	Rs. 6,70,897	Rs. 50,000	Rs. 56,951	Rs. 7,77,848	Rs. 0	Rs. 1,97,389
11th year	Rs. 7,77,848	Rs. 50,000	Rs. 65,400	Rs. 8,93,248	Rs. 0	Rs. 2,39,957
12th year	Rs. 8,93,248	Rs. 50,000	Rs. 74,517	Rs. 10,17,765	Rs. 0	Rs. 2,85,889
13th year	Rs. 10,17,765	Rs. 50,000	Rs. 84,353	Rs. 11,52,118	Rs. 0	Rs. 3,35,449
14th year	Rs. 11,52,118	Rs. 50,000	Rs. 94,967	Rs. 12,97,085	Rs. 0	Rs. 3,88,924
15th year	Rs. 12,97,085	Rs. 50,000	Rs. 1,06,420	Rs. 14,53,505	Rs. 0	Rs. 4,46,624