PPF ( Public Provident Fund ) is favorite tax saving investment option for tax payers in India in view of the following :
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.
Use PPF Calculators available on this page for easy calculation of estimated PPF Interest, estimated PPF Maturity value and estimated PPF Return on Investment ( RoI ) for 15 years / 30 years for Fixed Monthly Investment / Fixed Yearly Investment / Variable Yearly Investment / Variable Yearly - Monthly Investment in PPF (Public Provident Fund) accounts. The calculator has up-to-date PPF Interest rates and can be used for PPF accounts in all authorised banks and Post Offices. You may also use calculator for calculation of Actual Interest and Yearly Closing Balance for any mode of investment on year to year basis and calculator for calculation of available PPF Loan / PPF Withdrawal.
|Date of Maturity||Total Investment|
|Estimated Maturity Value||Return on Investment (ROI)|
|Chart : Year-wise Growth in PPF account|
|Presumptions made in calculations : View|
This calculator does not make any presumpions regarding date and month of opening of account and date and/or moth of making investment. Therefore, the calculations are accurate. Use this calculator to calculate the exact amount of yearly Interest and Yearly Balance of your PPF account on year to year basis. A click or tap on "Calculate for Next Year' button will automatically carry over the Closing Balance of this year as Opening Balance for the next year, change Financial Year and applicable Interest Rate(s).
|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 %|
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 financial years from the nd of financial in which the account was opened and initial deposit was made. Therefore, if you open account in April 2018, your account will mature on 1st April 2034. 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.