PPF (Public Provident Fund) has become very popular among investors today. You can invest in it for a long time. Its lock in period is 5 years, however its maturity period is 15 years. Today we will know that if you have invested Rs 3000, 5000 and 10000 every month in PPF for 15 years, then how much money will you get on maturity?
PPF Calculation: Today everyone wants to invest their savings in a good platform so that they get a good return. Safe investment platforms have always been better for guaranteed returns. If you want to invest money for a long time for purposes like child’s higher education, retirement, then PPF will be a better option for you.
If you are confused about the amount, then the calculation given below can clear your confusion. Here we have taken three different amounts of investment. These include Rs 3000, 5000 and 10,000. Under PPF, every investor gets 7.1 percent return. This return is for 15 years. Let us now see the calculation as well.
Calculation
Rs 3000
Investment amount – Rs 3000
Period – 15 years
Interest – 7.1%
If Rs 3000 is invested in PPF for 15 years, then at the rate of 7.1 percent, you will get Rs 9,76,370 on maturity. The total investment amount is going to be Rs 5,40,000. In this way, your total interest in these 15 years will be Rs 4,36,370.
Rs 5000
Investment amount- Rs 5000
Tenure- 15 years
Interest- 7.1%
Similarly, if the investment amount is Rs 5000, then after 15 years you will get Rs 16,27,284 at the rate of 7.1 percent return. In these 15 years, you have invested Rs 9,00,000. The total interest will be Rs 7,27,284.
Rs 10,000
Investment amount – Rs 10,000
Period- 15 years
Interest- 7.1%
If a person invests Rs 10,000 in PPF every month, then he will get Rs 32,54,567 after 15 years at the rate of 7.1 percent return. In these 15 years, the person has invested Rs 18 lakh. Your total interest will be Rs 14,54,567.
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