Use calculators for easy calculation of Estimated Interest, Maturity value and Return on Investment for Fixed Monthly Investment / Fixed Yearly Investment / Variable Yearly Investment / Variable Yearly - Monthly Investment in PPF accounts. The calculators have up-to-date Interest rates and can be used for PPF accounts in all authorised banks and Post Offices. You may also use calculators for available Loan / Withdrawal during 2018-19 and Yearly Interest calculation in PPF account.
|PPF Year-wise Growth at a Glance|
|Year-wise Calculation Details|
|Year||Financial Year||Interest Rate %||During the Year||Upto the Year||Return on Investment ROI|
|Period||Interest Rate||Period||Interest Rate|
|01.04.1986 to 14.01.2000||12.00%||01.04.2013 to 31.03.2016||8.70%|
|15.01.2000 to 28.02.2001||11.00%||01.04.2016 to 30.09.2016||8.10%|
|01.03.2001 to 28.02.2002||9.50%||01.10.2016 to 31.03.2017||8.00%|
|01.03.2002 to 28.02.2003||9.00%||01.04.2017 to 30.06.2017||7.90%|
|01.03.2003 to 30.11.2011||8.00%||01.07.2017 to 31.12.2017||7.80%|
|01.12.2011 to 31.03.2012||8.60%||01.01.2018 to 30.09.2018||7.60%|
|01.04.2012 to 31.03.2013||8.80%||01.10.2018 onwards||8.00%|
PPF ( Public Provident Fund ) Account is a favorite tax saving investment option for tax payers in India in view of the following :
But for the long maturity period of 15 years (however, facility of loan and part withdrawals is available after 3 and 5 years respectively) , PPF is the best risk free available option for tax saving. PPF accounts can be opened at designated branches of authorised banks and designated Post Offices.
Any resident individual can open PPF account in his / her name or in minor's name in the capacity of guardian of the minor by submitting application on Form A. Only one PPF account can be opened in one name. Either father or mother can open a PPF account in the name of a minor child, but not both. HUFs and Non Residents are not permitted to open PPF account.
PPF accounts can be opened at at designated branches of State Bank of India and other authorised banks, all Head Post Offices and other designated Post Offices.
The account can be opened with a minimum subscription of ₹ 100/-. However, ₹ 500/- per annum is required to be deposited.
The maximum amount limit is ₹ 1.50 lacs per annum. The amount can be depoosited in lump-sum or in convenient instalments not exceeding 12 in a year.
PPF interest rate is notified by the Central Government from time to time. The Interest rate notified by the Central Government is applicable to all authorised Banks and Post Offices. The current interest rate is 7.6% per annum.
PPF Interest for a month is calculated at prevailing notifed rate ( current rate 7.6% ) on the minimum balance available in PPF account from 5th of a month to the last date of the month. PPF interest is applied at year end and is compounded yearly.
A PPF account matures after expiry of 15 years from the year of opening of the account. The entire balance can be withdrawn in full after expiry of 15 years from the close of inancial year in which the account was opened. However, on the expiry of fifteen years, a PPF account can be extended for a further period of five years at a time by submitting an application on Form H, or as near thereto as possible. The facility can again be availed on expiry of 20 years, 25years and so on. The option should be exercised within a period of one year after expiry of 15 years or the extended block of 5 years.
A depositor can make partial withdrawals, once every year from his PPF account after expiry of five years from the end of Financial Year in which the initial deposit was made i.e. withdrawal from PPF account is available from seventh year.
A depositor can avail of loan facility any time after expiry of one year from the end of the year in which the initial subscription was made but before expiry of five years from the end of the year in which the initial subscription was made i.e. the loan facility is available from third to sixth financial year of opening the account.