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Akshay
19-03-2010, 10:29 PM
I am looking to invest in PPF for tax saving as well as for return. Could you please let me know if I invest Rs.70,000 every year, how much amount I would receive after 15 years?

harry1976
19-03-2010, 10:40 PM
I am looking to invest in PPF for tax saving as well as for return. Could you please let me know if I invest Rs.70,000 every year, how much amount I would receive after 15 years?
Exect amount you cannot predict, because interest rate might change. For rough value just calculate by using interest @ 8% compounded annually.

Akshay
19-03-2010, 10:44 PM
Harry - Thanks for your reply. Could you please help me out as I am not good in maths :connie_27:

harry1976
19-03-2010, 10:48 PM
Harry - Thanks for your reply. Could you please help me out as I am not good in maths :connie_27:
Total returm = Rs. 20,52,700
For more info - See attched excel sheet.