PPF maturity amount after 15 yrs, if I deposit more in start, but minimum later ?

POSTED BY racahs ON February 13, 2014 9:44 pm COMMENTS (2)

I have deposited Rs. 90000 in my PPF account this year. If I deposit the minimum amount applicable to run my PPF account for rest 14 years then what will be the maturity amount I will get after 15 years. Please provide me an approximate number with the logic.

2 replies on this article “PPF maturity amount after 15 yrs, if I deposit more in start, but minimum later ?”

  1. mundhada says:
    February 14, 2014 at 12:24 am

    You will have roughly Rs 328500/- @8.7% it is simple compounding interest formula
    90000 will become 97830 at end of 1st year .. minimum investment of 500 every year after that
    2nd year principle = ( 97830 + 500 ) * 1.0870 = 106884
    3nd year principle = (106884 + 500 ) * 1.0870 = 116727

    and so on

    Reply
  2. hemanthchandra62 says:
    February 14, 2014 at 12:19 am

    How interest on PPF is calculated is explained clearly by Manish in the below article.

    https://www.jagoinvestor.com/2012/02/how-ppf-interest-is-calculated-video.html

    Also, PPF calculator is also there in the link.

    Regards,
    Hemanth.

    Reply

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