PPF Calculator

Public Provident Fund (PPF), is a popular long term investment scheme offered by Government of India. It is one of the safe investment scheme with attractive interest rate and returns that are fully exempted from Tax.

Years	Opening Balance	Deposit amount	Interest Earned	Closing balance

• Interest Rate: PPF interest rate was around 7.5% to 8% historically. As compared the Fixed deposits (FD) in many banks, PPF provides higher benefits to the investors.


• Tenure: PPF investments longs for 15 years. The investors can withdraw after 15 years with Tax exemption or continue the PPF account for another block of 5 years, either with contribution or no contribution.


• Tax Saving: PPF allows to get Tax exemption of upto 1.5Lakhs under 80C within the Financial year. Also, PPF follows EEE (Exempt-Exempt-Exempt) model that the interest earned and the maturity both are exempted from Tax liability.


• Loan: Loan can be obtained against the PPF contribution you already made at agreeable interest rate. This can be availed between 3rd to 6th year of your PPF account opening.


• withdrawal: PPF comes with the lock-in period of 15 years. However, one can make partial withdrawal from the 7th financial year.


• Investment: The minimum and maximum contribution to the PPF account within a Financial year is between Rs.500 to Rs.1,50,000. You can invest this either lumpsum or via 12 installments.


• Nomination: Nomination facility available in PPF account as like other FDs. This can be done either at the time of account opening or later.


• Individual: PPF account can be opened by resident Indian individuals and individuals on behalf of minors.

A PPF account can be opened with either a Post Office or with any nationalized bank. Please check with your Bank branch whether they have the facility to provide PPF account.

• State Bank of India
• ICICI Bank
• Bank of Baroda
• Central Bank of India
• Bank of India
• Union Bank of India
• Allahabad Bank
• Bank of Maharashtra
• Canara Bank
• Indian Overseas Bank
• Punjab National Bank
• United Bank of India
• Axis Bank
• Corporation Bank
• Indian Bank

The current interest rate of PPF is 7.1% p.a. (for the quarter 1-April-2020 to 3-June-2020). At present, PPF interest rates are revised on every quarter.

Also, read here about the PPF (Public Provident Fund) interest rate history over the past 50+ years.

Note: In this calculator interest rate for PPF is assumed and rounded to 8%. Please check with Govt. circulars for the upto date interest rate of PPF.

---

---