PPF Calculator
Calculate your public provident fund
Enter your details to calculate
What is the PPF scheme?
The Public Provident Fund (PPF) scheme is a sovereign backed, tax free, long-term saving-cum-investment scheme that offers a unique combination of safety, stability, returns, tax savings and long-term wealth creation. Maximum investment allowed in PPF is up to ₹1.5 lakh per year with a minimum amount of ₹500 per year. The lock-in period is 15 years, and it can be extended indefinitely in blocks of five years. There is an option of partial withdrawal after 5 years, subject to conditions. You can take a loan on your PPF account between the 3rd and 5th years. The current interest rate on PPF is 7.1%. The interest rate is set by the government every quarter. The Exempt-Exempt-Exempt (EEE) scheme, which allows investors to avail a tax exemption on the deposited amount, the cumulative amount and the interest earned on the PPF account, at the time of withdrawal. PPF accounts cannot be held jointly, though you can make a nomination.It can be a tool to build a corpus for various life goals such as retirement, children’s education, etc.
Frequently Asked Questions
How does the PPF calculator work?
Formula for calculating the interest on PPF:
where,
- 'F' stands for the maturity amount of the PPF
- 'P' stands for the annual instalments paid
- 'n' stands for the number of years or tenure of the PPF
- 'i' stands for the rate of interest.
It should be noted that the interest on PPF is compounded on a yearly basis
Who is eligible for a PPF account?
How can I make deposits in my PPF account?
Can I make my deposits in PPF online?
Can I open more than one PPF account?
Where can I open a PPF account?
How can I open a PPF account?
What happens if I miss my contribution for a year?
How is the PPF maturity period calculated?
What is the interest rate for PPF?
Which amount is taken into consideration for calculating the interest?
