PPF Calculator


PPF CalculatorPPF Calculator will help you to calculate interest on your investment you make into your PPF account. This tool will let you know the amount you will make over a period of 15 years with the investment you make into your PPF account every year. It will calculate the interest for every year and will compound it for the next year up till a period of 15 years. You need to enter few fields and the result will be shown in the tabular form as well as graphical representation that will be quiet easy for you to understand.

 

PPF Calculator

Some PPF Rules you need to know

  • From 1.4.2014, PPF interest rates is 8.70% per annum (compounded yearly).
  • Minimum Rs. 500 Maximum Rs 1,50,000 in a financial year.
  • Lock-in period is of 15 years (some withdrawals can be made from the sixth year)
  • Interest is tax free !
  • Loan facility available from 3rd Financial Year
  • The PPF account can be opened in a Post Office which is Double handed and above or in Nationalised banks ( like (SBI, PNB, Central Bank of India etc) or some authorized private banks (ICICI, HDFC, Axis Bank etc)
  • Joint account cannot be opened.
  • Deposits qualify for deduction from income under Sec. 80C of IT Act.

Public Provident Fund (PPF) is a long term investment plan by government of India with attractive interest rates that are fully backed by government. You can start a PPF account with a minimum of Rs 500 and a maximum of Rs 1,50,000 for a locking period of 15 years.

Lets show you how much you can make from a PPF account if you invest 1,50,000 for the period of 15 years.

Maturity amount will be = Rs 4675910 (46.8 Lakhs)

Year Opening Balance Amount Deposited Interest Earned Closing Balance Loan (Max.) Withdrawal (Max.)
1 0 150000 13050 163050 0 0
2 163050 150000 27235 340285 0 0
3 340285 150000 42655 532940 40763 0
4 532940 150000 59416 742356 85071 0
5 742356 150000 77635 969991 133235 0
6 969991 150000 97439 1217430 185589 0
7 1217430 150000 118966 1486396 0 266470
8 1486396 150000 142366 1778762 0 371178
9 1778762 150000 167802 2096564 0 484996
10 2096564 150000 195451 2442015 0 608715
11 2442015 150000 225505 2817520 0 743198
12 2817520 150000 258174 3225694 0 889381
13 3225694 150000 293685 3669379 0 1048282
14 3669379 150000 332286 4151665 0 1221008
15 4151665 150000 374245 4675910 0 1408760

 

FAQs

What is the interest rate on PPF?

Ans: From 1.4.2014, PPF interest rates is 8.70% per annum (compounded yearly).

Is PPF tax free?

Ans: Yes the amount is totally tax free and even the interest earned form the amount

What are the benefits of PPF account?

Ans: Tax benefit under Section 80 ‘C’ available.Maximum limit: Rs 1,50,000, Good long-term investment option, Interest Paid: 8.70%, compounded annually, Interest is fully Exempt from tax

What is the locking time period of PPF account?

Ans: 15 years

What is the lower and higher limit of amount to be deposited in PPF account PA?

Ans: Minimum Rs. 500 Maximum Rs 1,50,000 in a financial year.

Where can I open PPF account?

Ans: The PPF account can be opened in a Post Office which is Double handed and above or in Nationalised banks ( like (SBI, PNB, Central Bank of India etc) or some authorized private banks (ICICI, HDFC, Axis Bank etc)

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