PPF Calculator

PPF-CalculatorIf you are saving some money under PPF scheme, then you may find this little tool useful for doing some calculations e.g interests earned over the period or how your investment grows over the years, final maturity amount etc. Just enter the yearly deposit amount and it calculates (table/ chart) your interest/ balance for the next 15 financial years.

The PPF calculators available on this page are one of the most accurate and user friendly PPF Calculators available online.

There are two calculators available on this page based on your investment type i.e. fixed investment every year or variable investment every year. You have to select one out of the two calculators based on your investment.

PPF Calculator:

Select Calculator:

  • Calculate the Maturity Amount & Yearly Balance of PPF Account for fixed investment every year
  • Calculate the Maturity Amount & Yearly Balance of PPF Account for variable investment every year

PPF Calculator for Fixed Amount of Yearly Investment

Enter Amount of Fixed Investment You want to make:
Please enter the interest rate in the financial year it has changed
Year Interest Rate Opening Balance Amount Deposited
1st
2nd
3rd
4th
5th
6th
7th
8th
9th
10th
11th
12th
13th
14th
15th
Interest Closing Balance Loan Available Withdrawal Available
Presumption : The amount is invested every year between 1st and 5th of April so that it qualifies for interest for the whole year.

PPF Calculator for Variable Amount of Yearly Investment

Enter Year-wise Proposed Amount of Your Investment and the interest rate in the financial in which the rate has changed.
Financial Year Interest Rate Amount Deposited
1st Year
2nd Year
3rd Year
4th Year
5th Year
6th Year
7th Year
8th Year
9th Year
10th Year
11th Year
12th Year
13th Year
14th Year
15th Year
Year Interest Rate Opening Balance Amount Deposited
1st
2nd
3rd
4th
5th
6th
7th
8th
9th
10th
11th
12th
13th
14th
15th
Interest Closing Balance Loan Available Withdrawal Available

Public Provident Fund (PPF)

Ideal investment option for both salaried as well as self employed classes. Offers intermittent deposits subject to certain limits for a 15 year period coupled with income tax exemptions subject to certain conditions, on the investment. Loan and withdrawal facilities also available.

Public Provident Fund (PPF) is a savings-cum-tax-saving instrument. It also serves as a retirement-planning tool for many of those who do not have any structured pension plan covering them.

The account can be opened in designated post offices, State Bank of India branches and branches of some nationalized banks. ICICI Bank was the first private sector bank which was authorized to open PPF accounts.



Eligibility:

Individuals who are residents of India are eligible to open an account under the Public Provident Fund scheme. A PPF account may be opened under the name of a minor by his/her legal guardian. However, each person is eligible for only one account under his/her name.

Non-resident Indians (NRIs) are not eligible to open an account under the Public Provident Fund Scheme. However, if a resident, who subsequently becomes a NRI during the currency of maturity period prescribed under Public Provident Fund Scheme, may continue to subscribe to the fund until its maturity on a non-repatriation basis.

Salient Features:

  • The rate of interest on the subscriptions made to the fund on or after April 1st 2014 and balances at credit of the subscriber in the existing PPF account shall bear interest at the rate of eight point eight per cent (8.70%) per annum..
  • Minimum deposit is 500/- per annum. Maximum deposit is Rs. 1,50,000/- per annum
  • The scheme is for 15 years.
  • Investment up to Rs 1,50,000/- per annum qualifies for Income Tax Rebate under section 80C of IT Act.
  • Interest is completely tax-free.
  • Deposits can be made in lump sum or in 12 installments.
  • One deposit with a minimum amount of Rs 500/- is mandatory in each financial year.
  • Withdrawal is permissible from 6th financial year.
  • Loan facility available from 3rd financial year upto 5th financial year. The rate of interest charged on loan taken by the subscriber of a PPF account on or after 01.12.2011 shall be 2% p.a. However, the rate of interest of 1% p.a. shall continue to be charged on the loans already taken or taken up to 30.11.2011.
  • Free from court attachment.
  • Non-Resident Indians (NRIs) not eligible.
  • An individual cannot invest on behalf of HUF (Hindu Undivided Family) or Association of persons.

Loans from PPF:

A loan repayable in 36 months can be obtained in or after the 3rd year, up to 25% of the balance at the end of the preceding financial year. The interest charged on the loan is 1 per cent for the first 36 months, and thereafter, 6 per cent on the outstanding amount. A second loan can be obtained before the end of the 6th financial year if the first one is fully repaid.

Withdrawals from PPF account:

There is a lock-in period of 5 years and the money can be withdrawn in whole after its maturity period. However, pre-mature withdrawals can be made from the end of the fourth financial year from when the PPF commenced. The maximum amount that can be withdrawn pre-maturely is equal to 50% of the amount that stood in the account at the end of the fourth financial year.

PPF tax concessions:

Interest earned is fully exempt from tax without any limit. Annual contributions qualify for tax rebate under Section 80C of Income tax Act. Contributions to PPF accounts of the spouse and children are also eligible for tax deduction. Balance in PPF account is not subject to attachment under any order or decree of court. But, Income Tax authorities can attach the account for recovering tax dues. The highest amount that can be deposited is 1,50,000.

Disadvantages of PPF:

The problem with PPF is its lack of liquidity. You can withdraw your investment made in Year 1 only in Year 7. However, loan against investment is available from 3rd financial year. If liquidity is not an issue, you should invest as much as you can in this scheme before looking for other fixed income investment options.


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