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PPF Account for 30 Years

PPF Account stands for Public Provident Funds that are available to everyone who wants to save the money for future. The PPF account minimum tenure period is 15 years which make it the best account for a retirement savings account. One of the major benefiting factors of the PPF Account is the extension of the account. The account allows saving money for more than 30 years that makes it a retirement tool for younger side of the society you can even open a PPF Account in behalf of your children. Below we have provided the calculation for PPF Account for 30 Years with the help of PPF Calculator 30 Years we can predict the Maturity amount that we will get after the account matures to 30 years-

PPF Calculation for 30 Years

Yearly PPF Calculations

Before making any calculation we need to assume some point to make the calculation error free-
·         An amount of Rs.60,000/- has to be deposited at the beginning of every financial year.
·         The interest earned is calculated as 8% on compound bases.
·         There is no premature withdrawal made within the 30-year tenure.

Year
Deposit
Interest Earned
Closing Balance
1
60,000.00
4,800.00
64,800.00
2
60,000.00
9,984.00
1,34,784.00
3
60,000.00
15,582.72
2,10,366.72
4
60,000.00
21,629.36
2,91,996.36
5
60,000.00
28,159.68
3,80,155.68
6
60,000.00
35,212.48
4,75,368.48
7
60,000.00
42,829.44
5,78,197.44
8
60,000.00
51,055.76
6,89,252.76
9
60,000.00
59,940.24
8,09,193.24
10
60,000.00
69,535.44
9,38,728.44
11
60,000.00
79,898.24
10,78,626.24
12
60,000.00
91,090.08
12,29,716.08
13
60,000.00
1,03,177.28
13,92,893.28
14
60,000.00
1,16,231.44
15,69,124.44
15
60,000.00
1,30,329.92
17,59,453.92
16
60,000.00
1,45,556.32
19,65,010.32
17
60,000.00
1,62,000.80
21,87,010.80
18
60,000.00
1,79,760.88
24,26,771.88
19
60,000.00
1,98,941.76
26,85,713.76
20
60,000.00
2,19,657.12
29,65,371.12
21
60,000.00
2,42,029.68
32,67,400.68
22
60,000.00
2,66,192.08
35,93,593.08
23
60,000.00
2,92,287.44
39,45,880.44
24
60,000.00
3,20,470.40
43,26,350.40
25
60,000.00
3,50,908.00
47,37,258.00
26
60,000.00
3,83,780.64
51,81,038.64
27
60,000.00
4,19,283.12
56,60,322.12
28
60,000.00
4,57,625.76
61,77,947.76
29
60,000.00
4,99,035.84
67,36,983.84
30
60,000.00
5,43,758.72
73,40,742.72

Deposit Amount- 18,00,000.00
Interest Earned -  55,40,744.64
Maturity Amount- 73,40,742.72

Monthly PPF Calculations

Before making any calculations for the PPF Account for 30 Year we need to assume some points in order to make the calculations error free-
·         The payment are made on the beginning of 5th of the month
·         There is no pre-mature withdrawal made within the tenure of 30 years
·         The interest rate is 8% provided on compound bases

Year
Deposit
Interest Earned
Closing Balance
1
60,000.00
2,600.00
62,600.00
2
60,000.00
10,208.00
1,30,208.33
3
60,000.00
23,224.64
2,03,224.05
4
60,000.00
42,082.56
2,82,079.83
5
60,000.00
67,248.96
3,67,247.53
6
60,000.00
99,228.80
4,59,228.32
7
60,000.00
1,38,567.04
5,58,567.52
8
60,000.00
1,85,852.48
6,65,851.79
9
60,000.00
2,41,720.64
7,81,720.01
10
60,000.00
3,06,858.24
9,06,856.47
11
60,000.00
3,82,006.72
10,42,003.71
12
60,000.00
4,67,967.04
11,87,963.69
13
60,000.00
5,65,604.16
13,45,599.76
14
60,000.00
6,75,852.16
15,15,847.67
15
60,000.00
7,99,720.00
16,99,715.65
16
60,000.00
9,38,297.28
18,98,292.44
17
60,000.00
10,92,760.64
21,12,756.28
18
60,000.00
12,64,381.12
23,44,376.04
19
60,000.00
14,54,531.20
25,94,528.17
20
60,000.00
16,64,693.44
28,64,691.85
21
60,000.00
18,96,468.80
31,56,467.95
22
60,000.00
21,51,586.24
34,71,584.12
23
60,000.00
24,31,912.96
38,11,911.89
24
60,000.00
27,39,465.92
41,79,463.75
25
60,000.00
30,76,423.04
45,76,420.09
26
60,000.00
34,45,136.64
50,05,132.47
27
60,000.00
38,48,147.20
54,68,143.55
28
60,000.00
42,88,198.72
59,68,196.29
29
60,000.00
47,68,254.40
65,08,251.97
30
60,000.00
52,91,514.56
70,91,512.35

Deposit Amount- 18,00,000.00
Interest Earned -  52,91,514.56
Maturity Amount- 70,91,512.35

Conclusion

As you can see the PPF Account can make you money 4-4.5 times the amount after 30 years which makes it one of the best accounts that provides the highest interest rate in the country. You must have noted that there is a difference when it comes to the monthly payment and yearly payments. Therefore, it is recommended to pay the amount as a yearly deposit and before the 5th of the month to get full interest for that month. You can also check out analysis on the PPF Account for 25 years.

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