Formula for Calculating PPF Interest
The formula for calculating the interest on your PPF account balance is as follows,
How PPF Interest is Calculated?
The Public Provident Fund (PPF) is a popular long-term investment scheme in India, offering attractive interest rates and tax benefits. But have you ever wondered exactly how the interest on your PPF contributions is calculated? This article will delve into the nitty-gritty of PPF interest calculations, making it easier for you to understand how your money grows in this scheme.