PPF Calculator

The Public Provident Fund has a minimum lock-in period of 15 years. After this, individuals can opt to extend it in blocks of 5 years at a time. You can invest between Rs. 500 and Rs. 1,50,000 every year.

The fixed maturity period of PPF is 15 years from the end of the financial year in which your first deposit is made.

The minimum lock-in period for PPF is 15 years. In other words, your investment will mature at the completion of 15 years. At maturity, you can either withdraw the sum or extend it in blocks of five years.

As a rule, one can fully withdraw the PPF account balance only upon maturity, i.e. after the completion of 15 years. Upon completion of 15 years, the entire amount standing to the credit of an account holder in the PPF account along with the accrued interest can be withdrawn freely and the account can be closed.

However, if account holders are in need of funds, and wish to withdraw before 15 years, the scheme permits partial withdrawals from year 7 i.e. on completing 6 years.

An account holder can withdraw prematurely up to a maximum of 50% of the amount that is in the account at the end of the 4th year (preceding the year in which the amount is withdrawn or at the end of the preceding year, whichever is lower). Further, withdrawals can be made only once in a financial year.

Yes, most financial institutions allow you to withdraw your PPF online through their net banking portals. But you can only submit an online withdrawal request after the 7-year lock-in is over.

PPF is one investment vehicle that falls under the Exempt-Exempt-Exempt (EEE) category. This, in other words, means that all deposits made in the PPF are deductible under Section 80C of the Income Tax Act. Furthermore, the accumulated amount and interest are also exempt from tax at the time of withdrawal. It is important to note that a PPF account cannot be closed before maturity. A PPF account, however, can be transferred from one point of designation to another. But do remember that a PPF account cannot be closed prematurely. Only in the case of the account holder's demise can the nominee file for the closure of the account.

Yes, you can transfer your PPF account to another authorised financial institution or post office. In such a case, your PPF account will be considered as a continuing account and not a new one. It's best to consult your current financial institution to understand the process of transferring your PPF account smoothly.

Yes. PPF falls under Section 80C, offering up to Rs. 1.5 lakh in tax deduction. Interest earned and the maturity amount are both tax-free under Section 10(11).

The Central Government specifies the interest rate for your PPF account periodically. At present, the PPF interest rate is set at 7.1%. However, it is subject to change. Be sure to check the changes in the PPF interest rate for accurate financial planning.

PPF interest is calculated monthly.

The PPF interest rate in 2023 was 7.1%.

The PPF interest rate in 2022 was 7.1%.

The PPF interest rate in 2021 was 7.1%.

The PPF interest rate in 2020 was 7.9% in the first quarter and 7.1% thereafter.

PPF calculators estimate the maturity amount and interest earned from your PPF investments. They consider factors like the contributed amount, duration of the investment, and interest rates.

For an investment of 15 years, enter your annual contribution, select '15 years' in tenure, and enter the current PPF interest rate. Then, click 'Calculate.'

The PPF maturity period can be calculated using the following formula:

F = P[({(1 + i)n} – 1)/i]**

Where: 

F = Maturity Amount

i = Rate of interest

N = Investment Tenure in years

P = Principal Amount invested yearly

Individuals must input the invested amount and duration. For example, if an individual invests Rs. 20,000 annually into a PPF for 15 years, with an interest rate of 7.1%, their maturity value could reach Rs. 6,78,035.

Most PPF calculators use the exact annual compounding formula mandated by the government, so they're highly accurate.

You can use the calculator annually or whenever the PPF interest rate changes. This can help you update your savings plan and see how rate revisions affect your maturity corpus and interest earnings.

This depends on the amount you invest. If you invest the maximum amount of Rs. 1.5 lakhs annually for 15 years at 7.1%, you will accumulate around Rs. 44 lakhs.

Yes. After the first 15 years, you can extend your PPF for five-year periods indefinitely.

Yes. After the initial 15-year tenure, you can extend your PPF account in five-year blocks, up to a total of 30 years.

No. The minimum lock-in period for PPF is 15 years.

• Any Indian citizen can invest in PPF.

• One citizen can have only one PPF account unless the second account is in the name of a minor.

• NRIs and HUFs are not eligible to open a PPF account.

Investing Rs. 10,000 monthly makes Rs. 1.2 lakhs in a year, which is within the Rs. 1.5 lakh limit.

A monthly deposit of Rs. 5,000 equals Rs. 60,000 per year, which is well below the limit. Over 15 years at 7.1%, you'd accumulate around Rs. 18 lakh.