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    PPF Computation

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    shrikant

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    © All Rights Reserved
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    PPF Computation

    Uploaded by

    shrikant
    5 views6 pages

    Copyright

    © © All Rights Reserved

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    Copyright:

    © All Rights Reserved
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    Download as xlsx, pdf, or txt
    5 views6 pages

    PPF Computation

    Uploaded by

    shrikant

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    You are on page 1of 6

    by: Rohit Warman CFP | +91-9860201738

    PPF
    ‘I’ open PPF account on 3 Apr 2006 and every month started depositing Rs.10000/- per month until March 31, 2009. The rate of interest on PPF is 8% p.a. I has lost
    his PPF passbook and now s/he wants to know the accumulated funds as on Apr 1, 2009. In addition, I needs to know the maturity value if all else remain same.
    410,250 and 39,71,600
    406,450 and 37,96,600
    402,450 and 33,61,400
    None of these

    {short cut method :- apply only if question option values vary widely}
    PPF opened 3-Apr-06
    ppf maturity = opening+15yrs 31-Mar-22 { 1 Apr 2022}
    monthly deposits 10000
    Alternative way
    rate 8% 0.00643 0.0772084
    apprx value.. 0.00643403
    balance on 1 Apr 2009 31-Mar-09 406250.81 quick way
    Maturity value 1-Apr-22 3794746.36
    16 yrs cmpd
    or 3794746.36
    CF
    {Actual method} Dates (monthly Interest
    10,000/-)
    ppf opened 3-Apr-06 10000
    3-May-06 20000 66.66666667
    3-Jun-06 30000 133.3333333
    3-Jul-06 40000 200
    3-Aug-06 50000 266.6666667
    3-Sep-06 60000 333.3333333
    3-Oct-06 70000 400
    3-Nov-06 80000 466.6666667
    3-Dec-06 90000 533.3333333
    3-Jan-07 100000 600
    3-Feb-07 110000 666.6666667
    3-Mar-07 120000 733.3333333
    800
    1-Apr-07 5200
    total value of 1 year 2006-07 125200 Alternate
    Approach Dates
    therefore, 1-Apr-08
    ppf balance on 1 Apr 2009 406449.28 1-Apr-09
    1-Apr-10
    difference in value for
    short cut and actual method 198.47 1-Apr-11
    1-Apr-12
    1-Apr-13
    1-Apr-14
    1-Apr-15
    1-Apr-16
    1-Apr-17
    1-Apr-18
    1-Apr-19
    1-Apr-20
    1-Apr-21
    Maturity value 3796600.24 1-Apr-22

    difference in value for


    1853.88
    short cut and actual method

    ‘U’ have a PPF account with balance of Rs.10, 45,117/- as on March 31, 2018. From new fiscal year onwards U decided to invest Rs.50,000/- on every first of
    April and October until the maturity which is on Apr 1, 2023; the rate of interest is 8% p.a. Ascertain the maturity value.
    20,51,479
    18,99,518
    21,57,479
    None of these
    18,99,518
    21,57,479
    None of these

    ppf - half yearly deposits

    Opening Interest on Annual


    Date contribution
    Balance contribution Interest
    1-Apr-18 1045117 50000 4000 83609.36
    1-Oct-18 50000 2000

    1-Apr-19 1234726.36 50000 4000 98778.1088


    1-Oct-19 50000 2000

    1-Apr-20 1439504.469 50000 4000 115160.3575


    1-Oct-20 50000 2000

    1-Apr-21 1660664.826 50000 4000 132853.1861


    1-Oct-21 50000 2000

    1-Apr-22 1899518.012 50000 4000 151961.441


    50000 2000
    ate of interest on PPF is 8% p.a. I has lost
    maturity value if all else remain same.
    Accumulated
    Interest+deposit
    deposits
    125200 260416.00
    260416.00 406449.28
    406449.28 564165.22
    564165.22 734498.44
    734498.44 918458.32
    918458.32 1117134.98
    1117134.98 1331705.78
    1331705.78 1563442.24
    1563442.24 1813717.62
    1813717.62 2084015.03
    2084015.03 2375936.23
    2375936.23 2691211.13
    2691211.13 3031708.02
    3031708.02 3399444.66
    3399444.66 3796600.24

    invest Rs.50,000/- on every first of


    Closing
    Balance
    1234726.36 (march 31, 2019)

    1439504.469 (march 31, 2020)

    1660664.826 (march31, 2021)

    1899518.012 (march 31, 2022)

    2157479.453 (march 31, 2023) = 1 Apr 2023

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