Download
PPF Calculator App is now available on Google Play for download. Please click on the below badge to download the App on your mobile phones.
PPF - Public Provident Fund
PPF (Public Provident Fund) is a safe, tax deductible investment option with attractive returns that are fully exempted from Income Tax. You can open a PPF account in Bank or Post Office.
PPF - Guidelines
This App calculates the maturity amount based on the following PPF account guidelines:
- Minimum deposit per financial year - Rs. 500/-
- Maximum deposit per financial year - Rs. 1,00,000/-
- No. of deposits allowed per financial year - 12
- Annual Interest Rate - 8.7% since 01-Apr-2013
- Lock-in Period - 15 years
- Interest calculated - Monthly
- Compounding Frequency - Annually
PPF Calculator App
This App helps you to calculate the maturity amount of your PPF account. Also, it displays the total amount deposited and the total interest earned.
Please note that this calculator adds your deposit amount to the beginning of the chosen deposit period. For example, if you choose deposit frequency as monthly, then your deposit amount will be added to the account on the first day of the month. If you choose quarterly deposit frequency, then your deposit will be added to the account on the first day of the quarter and so on.
This app is simple and easy to use. All what you need to feed in is the deposit amount and the frequency. Remaining details will be taken care by the App as per the above PPF account guidelines.
App Features
- This is a FREE app
- This app runs on all versions of Android
- No Internet connection is required to run this app
- This app can calculate the maturity amount for monthly, quarterly, half-yearly and yearly regular deposits
Disclaimer
Please consider this calculator as a guidance only. Investors are required to make their own assessment before investing.
No comments:
Post a Comment