PPF calculator: How to become a crorepati with a Public Provident Fund account
1 year, 3 months ago

PPF calculator: How to become a crorepati with a Public Provident Fund account

Live Mint  

PPF calculator: The Public Provident Fund is a popular long-term savings scheme in India. "When you are extending your PPF account, you should choose an extension with an investment option as it would enable you to get interest on both the PPF maturity amount and fresh investments. In simple words, one can accumulate more than a crore in one's PPF account at the time of retirement," said Kartik Jhaveri, Director of wealth at Transcend Consultants. {{^adFree}} {{/adFree}} PPF calculator If an earning individual extends his PPF account twice after the completion of 15 years, he/she will be able to amass huge wealth and become a crorepati in 25 years. The PPF account holder is investing ₹1.50 lakh per year in one's PPF account, he can also split the payment monthly in instalments of RS 8333.3, then after 25 years of investment, one's PPF maturity amount would be ₹1,03,08,015 or around ₹1.03 crore, assuming PPF interest rate for the entire period at flat 7.10 per cent per annum as per the PPF calculator The invested value is ₹37,50,000, and the interest earned is ₹65,58,015.

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History of this topic

Public Provident Fund: What are the PPF account rules for non-residents?
4 weeks ago

Public Provident Fund: What are the PPF account rules for non-residents?

Live Mint  

My daughter settled in the UK after her marriage in 2021 and is a British passport holder. 1.5 lakh every year in her PPF account till maturity just to keep it alive, or it should/can be closed before the initial maturity period of 15 years. As per the Public Provident Fund Scheme 2019 read with the Government Savings Promotion General …

PPF: Interest rate offered on Public Provident Fund vis-a-vis other Small Savings Schemes. Check entire list here
1 month, 2 weeks ago

PPF: Interest rate offered on Public Provident Fund vis-a-vis other Small Savings Schemes. Check entire list here

Live Mint  

Are you looking to invest in a safe financial instrument for a long term investment? Other small savings scheme besides PPF Post office savings account: It offers 4 percent interest per annum. 1-year-time deposit: It gives 6.9 per cent interest per annum 2-year time deposit: It offers 7 per cent interest per annum. Senior Citizen Savings Scheme: This scheme offers …

PPF: Triple advantage of Public Provident Fund— explained
6 months, 3 weeks ago

PPF: Triple advantage of Public Provident Fund— explained

Live Mint  

The Public Provident Fund in India offers a secure long-term savings avenue with guaranteed interest rates and income tax deductions under Section 80C. Second, the contributions made to a PPF account qualify for tax deductions under Section 80C of the Income Tax Act, providing additional financial benefits to investors. "Initially, it furnishes a secure and low-risk pathway for long-term savings, …

Why should you invest ₹1.5 lakh in PPF before April 5? All your questions answered
8 months, 2 weeks ago

Why should you invest ₹1.5 lakh in PPF before April 5? All your questions answered

Live Mint  

Investment in PPF instruments earns 7.1 per cent interest per annum and the maximum investment is ₹ 1.5 lakh. Interest on PPF investment is calculated on a monthly basis and is based on the minimum balance between the 5th and last date of the month. {{^adFree}} {{/adFree}} Currently, investment in PPF instruments earns 7.1 per cent per annum and the …

PPF Contributions: Deposit your contributions by today for maximum benefits
1 year, 8 months ago

PPF Contributions: Deposit your contributions by today for maximum benefits

India TV News  

People who have a Public Provident Fund account must make their contribution for the fiscal year 2023–24 by April 5 to get the most out of their investment. According to PPF plan rules, interest is computed based on the lowest balance in the PPF account at the end of the fifth day of the month and the end of the …

Can you make Rs 1 crore through PPF investment? Here’s how
2 years ago

Can you make Rs 1 crore through PPF investment? Here’s how

Live Mint  

Public Provident Fund for many is the first step to growing their money sans any risk. Monthly investment: Rs 12,500 Interest rate: 7.1% Investment tenure: 15 years Then, you have Invested amount: Rs 22,50,000 Estimated returns: Rs 17,70,301 The total value of the investment: Rs 40,20,301 This means that you have a corpus of Rs 40,20,031 as you turn 33 …

VPF vs PPF: Which one should you choose and why?
2 years, 3 months ago

VPF vs PPF: Which one should you choose and why?

Live Mint  

In this fast pacing economy, working professionals are becoming more and more aware of the significance of retirement planning. PPF and VPF are two outstanding provident fund plans for investors with low risk profiles. Voluntary provident fund As the name implies, an employee who participates in the VPF scheme may voluntarily contribute any portion of his income to the Provident …

What is Public Provident Fund? All you need to know
2 years, 3 months ago

What is Public Provident Fund? All you need to know

Live Mint  

Public Provident Fund is a popular low-risk saving scheme run by the Government of India. In addition, the investors enjoy tax benefits since the principal, maturity amount, and the interest earned on PPF is exempt from taxes as it comes under the EEE category. Linking with Aadhaar The government has mandated to link Aadhaar to PPF account at the time …

PPF Account in Post Office: Know Features, Tax Benefits, Interest Rates of Public Provident Fund
2 years, 3 months ago

PPF Account in Post Office: Know Features, Tax Benefits, Interest Rates of Public Provident Fund

News 18  

Public Provident Fund Calculator: The Public Provident Fund, or PPF, was launched by the Indian government years ago to benefit small savers, who do not have a risk taking appetite. PPF provides one of the highest interest rates among small savings schemes at 7.1 per cent per annum. Here is How You Can Withdraw PPF Money For premature withdrawals, a …

PPF, Sukanya Samriddhi, Senior Citizen Scheme: Govt to Hike Rates for September Quarter?
2 years, 5 months ago

PPF, Sukanya Samriddhi, Senior Citizen Scheme: Govt to Hike Rates for September Quarter?

News 18  

Post Office Savings Scheme Interest Rates: Stock markets and cryptocurrencies have recently been volatile, with traders experiencing huge losses in several sessions. Small savings schemes, including post office savings schemes like PPF, SSY and senior citizens savings scheme have their interest rates set by the government at the beginning of each quarter. 5-year Monthly Income Account: 6.6 per cent Post …

PPF Calculator: Want Rs 1-Crore Return from PPF? Know How Much you Should Invest Monthly
2 years, 6 months ago

PPF Calculator: Want Rs 1-Crore Return from PPF? Know How Much you Should Invest Monthly

News 18  

Public Provident Fund Calculator: The Public Provident Fund, or PPF, was launched by the Indian government years ago to benefit small savers, who do not have a risk taking appetite. Invest Rs 417 a Day, Get Rs 1 crore Return: Here’s How With good interest returns, high popularity, low risk and tax free nature, the PPF can also help investors …

PPF Calculator: How to Get Over Rs 18 Lakh Return With Monthly Investments of Rs 1,000
2 years, 7 months ago

PPF Calculator: How to Get Over Rs 18 Lakh Return With Monthly Investments of Rs 1,000

News 18  

PPF Investment Calculator: The Public Provident Fund or PPF is one of the most popular, long term investment options in the country at present. The Public Provident Fund, or PPF is a government backed, high yielding, small savings scheme meant to create long term wealth for investors post retirement. PPF Features, Interest Rate, Benefits Explained Investors can invest as low …

Public Provident Fund: Here are 7 things you should know about PPF scheme
2 years, 7 months ago

Public Provident Fund: Here are 7 things you should know about PPF scheme

Live Mint  

Public Provident Fund is one of the most popular saving scheme with limited risk-free investment tool. As per the PPF loan rules, an account holder can get loan against PPF account from 3rd to 6th year of PPF account opening and the PPF loan interest rate is just 1 per cent. Gaurav Kapoor said another feature PPF offers is loan …

Public Provident Fund: Here are 7 things you should know about PPF scheme
2 years, 7 months ago

Public Provident Fund: Here are 7 things you should know about PPF scheme

Live Mint  

Public Provident Fund is one of the most popular saving scheme with limited risk-free investment tool. As per the PPF loan rules, an account holder can get loan against PPF account from 3rd to 6th year of PPF account opening and the PPF loan interest rate is just 1 per cent. Gaurav Kapoor said another feature PPF offers is loan …

PPF, NSC, small savings schemes interest rates announced | Check full list
2 years, 8 months ago

PPF, NSC, small savings schemes interest rates announced | Check full list

India Today  

Interest rates on small savings schemes, including NSC, PPF, and Sukanya Samriddhi Yojana, were announced by the government on Thursday. PPF, NSC INTEREST RATES Public Provident Fund and National Savings Certificate will continue to carry an annual interest rate of 7.1 per cent and 6.8 per cent, respectively, in the first quarter. "The rate of interest on various small savings …

PF Update: Provident Fund Contributions to Be Taxed Soon? Know What the Govt Says
2 years, 8 months ago

PF Update: Provident Fund Contributions to Be Taxed Soon? Know What the Govt Says

News 18  

The central government has laid out a plan to impose taxes on Employees Provident Fund contributions above Rs 2.50 lakh in a year. On the contrary, if a government employee contributes Rs 6 lakh to provident fund, Rs 1 lakh is going to be taxed under the rule. With this new amendment, the government wants to curb high income earners …

Post Office Scheme Will Offer 7.1% Return, Better than Bank FDs; Know Details
2 years, 10 months ago

Post Office Scheme Will Offer 7.1% Return, Better than Bank FDs; Know Details

News 18  

Public Provident Fund is a long-term investment option that comes with a sovereign guarantee. Post Office PPF: Online Transaction Post Office account holders can easily carry out basic banking transactions easily through India Post Payment Bank. Step-By-Step Guide for Transferring Money in your Post Office PPF through IPPB: Add money from your bank account to your IPPB account. If you …

Provident Fund, Fixed Deposit, Insurance and More: Savings Guide for You in 2022
2 years, 11 months ago

Provident Fund, Fixed Deposit, Insurance and More: Savings Guide for You in 2022

News 18  

The best tax saving options under Sec 80C are- If you invest in an ELSS Fund or Tax Saving Mutual Fund, it will be considered as the best tax saving option. Apart from the limit of Rs 1.5 lakh inclusive of Section 80C limit, one can also claim an additional deduction of Rs 50,000 for investment in NPS under Section …

PPF Account Opening in Post Office: Here's a Step-by-Step Guide to Open PPF
2 years, 11 months ago

PPF Account Opening in Post Office: Here's a Step-by-Step Guide to Open PPF

News 18  

Account holders should be aware that in order to make digital payments, they should first have an India Post Payments Bank Savings Bank Account. The post office saving schemes can be opened physically at a post office by filling an account opening application form or digitally using the India Post Payments Bank App. Currently, there are nine active schemes – …

PPF Calculator: Invest Rs 1,000 a Month and Get Rs 18 Lakh Return. Know How it Works
3 years, 4 months ago

PPF Calculator: Invest Rs 1,000 a Month and Get Rs 18 Lakh Return. Know How it Works

News 18  

Investments have always been a tricky endeavour. If you start your investment of the above-mentioned amount right now, then in 15 years’ time you will have accumulated around Rs 3.25 lakh. Out of the Rs 3.25 lakh, around 1.80 lakh will be the investment that you made, and the rest, i.e., 1.45 lakh, will be the interest that your fund …

PF Rule: You Monthly EPF Contributions can Get you Over Rs 1.5 Crore. Know How
3 years, 4 months ago

PF Rule: You Monthly EPF Contributions can Get you Over Rs 1.5 Crore. Know How

News 18  

You must hate it when you look at your salary slip at the starting of the month and find that all the various deductions have reduced your monthly in-hand income. Your EPF fund fetch an interest rate of 8.5 per cent for the financial year 2020-21. “In India, average inflation in the long run is considered to be around 6 …

PPF calculator: How much you need to deposit per month to become a crorepati
3 years, 5 months ago

PPF calculator: How much you need to deposit per month to become a crorepati

Live Mint  

PPF calculator: Public Provident Fund is one of the high yielding income tax saver option, which is 100 per cent risk-free. PPF account extension rule Advising investors with low risk appetite to take advantage of PPF account extension rule; Kartik Jhaveri, Director — Wealth Management at Transcend Consultants said, "PPF account has maturity period of 15 years, but one can …

Investing in PPF alone not enough for retirement savings
3 years, 6 months ago

Investing in PPF alone not enough for retirement savings

Live Mint  

NEW DELHI:Public Provident Fund is one of the best instruments available for retirement savings. Large-cap equity funds, for example, have given an average return of 11.92% over the past 10 years, according to data from Value Research. Suppose you invest Rs50,000 every year in PPF and the same amount in a large-cap fund for your retirement. Say, the average interest …

EPF, PPF interest rate should be equal — suggests SBI research team
3 years, 8 months ago

EPF, PPF interest rate should be equal — suggests SBI research team

Live Mint  

The State Bank of India economic research team led by Dr. Soumya Kanti Ghosh has advised Government of India to bring parity in Employees' Provident Fund and Public Provident Fund interest rate. The SBI research team made this suggestion while showcasing its findings on whether Indians have become more risk averse post-market aberrations in 2008? The SBI research team went …

How to Calculate Interest on Public Provident Fund (PPF) Balance
4 years, 1 month ago

How to Calculate Interest on Public Provident Fund (PPF) Balance

News 18  

Over the years, the Public Provident Fund has emerged as one of the safest saving-cum-investment options. The PPF offers tax-saving benefits under section 80C of the Income Tax Act and the interest earned on it as well as the maturity amount is tax-free as well. According to PPF rules, although the interest is calculated on a monthly basis, it is …

Public Provident Fund: How to open PPF account and why it is safest investment option
4 years, 1 month ago

Public Provident Fund: How to open PPF account and why it is safest investment option

India TV News  

The Public Provident Fund has been one of the favourite investment destinations for decades. As per the rule, an individual can open only one PPF account and can deposit a maximum of Rs 1.5 lakh every year. "The PPF interest rate is reviewed and announced by the central government every quarter. The major benefits of investing in PPF are that …

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