Post Office PPF Calculator is an investment tool designed for the calculation of maturity amount against the investment made in the Public Provident Fund Scheme in Post Offices.
To use this Fixed Amount Investment Post Office PPF Calculator, you have to enter the current PPF Interest Rate and Fixed Yearly Investment Amount (in Rs).
Are you looking for the best online Post Office PPF Calculator and interested in the current PPF interest rate? You are at the right place to get all the information about Post Office PPF and one of the most accurate Post Office PPF Calculator.
Post Office PPF Calculator available here is an online investment tool, that may be used to calculate the PPF Maturity Value and Interest Earned. You may also calculate the Loan Against PPF amount and PPF Withdrawal amounts.
PPF (Public Provident Fund) scheme is a long-term investment option declared by the Government of India. It is a safe and secure deposit scheme that offers tax exemptions and attractive PPF interest rates announced by GoI from time to time. Apart from the post offices, a PPF account can also be opened through public and private sector banks.
The PPF calculator available on this page is one of the most accurate and user-friendly Post Office PPF Calculators available online.
Information about Post Office PPF, Interest Rate & PPF Calculator:
- What is a Post Office PPF Account?
- Post Office PPF Interest Rates
- FAQs about Post Office PPF
- Post Office PPF Calculator
What is a Post Office PPF Account?
Post Office PPF (Public Provident Fund) is a long term (maturity of 15 years) small savings scheme backed by the Government of India, that provides tax benefits to investors under Section 80C of the Income Tax Act 1961. The Public Provident Fund Account under the post office provides fixed returns to investors at rates that are decided by the GoI every year. The present PPF interest rate is 7.1 % per annum from 01 January 2021.
Features of Post Office PPF:
The key silent features of Post Office Public Provident Fund (PPF) account is as follows:
- The present rate of interest on the subscriptions made to the fund is 7.1 % per annum during the quarter January to March 2021.
- The minimum deposit amount is 500/- per annum and the maximum deposit amount is Rs. 1,50,000/- per annum, either in a one-time payment or in a recurring deposit.
- The Post Office PPF scheme is for 15 years.
- Investment amount up to Rs 1,50,000/- per annum qualifies for Income Tax Rebate under section 80C of IT Act.
- Interest earned on Post Office PPF amount is completely tax-free.
- Deposits to PPF account can be made in a lump sum or in 12 installments.
- One deposit with a minimum amount of Rs 500/- is mandatory in each financial year in a PPF scheme.
- Withdrawal from the Post Office PPF account is permissible from the 6th financial year.
- The loan facility is also available in the Post Office PPF account from the 3rd financial year up to the 5th financial year. The rate of interest charged on loan taken by the subscriber from a PPF account on or after 01.12.2011 shall be 2% PA. However, the rate of interest of 1% PA shall continue to be charged on the loans already taken from Post Office PPF account before 30.11.2011.
- Free from court attachment.
- Non-Resident Indians (NRIs) not eligible to open a PPF account in Post Offices or in any banks.
- An individual cannot invest in the PPF account on behalf of HUF (Hindu Undivided Family) or Association of persons.
Eligibility Criteria to Open a Post Office PPF Account:
- Any Individual who is a resident of India is eligible to open an account under the Public Provident Fund (PPF) scheme in Post Offices. A PPF account in the post office may be opened under the name of a minor candidate by his/her legal guardian. Each person is eligible for only one PPF account under his/her name.
- Non-resident Indians (NRIs) are not eligible to open an account under the Public Provident Fund Scheme in Post Offices.
- Any individual who either working employee or is a pensioner or self-employed or belongs to any other category can open a PPF account in a post office.
Document required to Open a Post Office PPF Account:
The following documents are required to open a Post office PPF account:
- ID proof: Aadhaar Card, Voter’s ID, Passport, Driving license, etc.
- Address proof: Aadhaar Card, Voter’s ID, Passport, Driving license, etc.
- PAN card
How to Open a Post Office PPF (Public Provident Fund) Account?
The Post Office PPF account opening process can be completed in these simple steps:
- The application form for the PPF Scheme can also be downloaded online here. You may also get an application form from your nearest post office or from the sub-post office in your area.
- Fill up the form and submit it with the required KYC documents (available here) and passport size photographs.
- The initial deposit amount required to open a post office PPF account is Rs. 500 and the maximum amount is Rs. 1.5 Lakh.
- Once all documents are submitted with the initial deposit by the subscriber, the applicant will be handed over a passbook for the PPF account by the post office. The passbook will contain all the details such as the account holder’s name, PPF account number, Post Office name, etc.
Loan against Public Provident Fund:
There is an option of loan against the Post Office PPF scheme, available from the 3rd year calculated from the account opening date till the end of the 6th year of the PPF account. The loan amount that can be availed is linked to the total value of PPF deposits plus any accrued interest.
The amount that is availed as a loan against Post Office PPF as calculated by the online Post Office PPF calculator is equal to 25% of the balance in the PPF account for the year preceding the year of the loan application.
Post Office PPF Withdrawal Rules:
There is a lock-in period of 5 years for the Post office PPF account 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 account started. The maximum amount that can be withdrawn pre-maturely from Post Office PPF account is equal to 50% of the amount that stood in the account at the end of the fourth financial year.
Income Tax Benefit of PPF:
Interest earned on the Post Office PPF scheme is fully exempt from tax without any limit. Annual investment amount qualifies for tax rebate under Section 80C of Income-tax Act. Contributions to PPF accounts of the spouse and children are also eligible for a tax deduction. Balance in Post Office PPF account is not subject to attachment under any order or decree of a court.
Post Office PPF Interest Rates:
Post Offices offer PPF accounts at the rate fixed by the Government of India. The current rate of interest on the subscriptions made to the PPF is 7.1 % per annum during the quarter October to December 2020. The interest rate applicable to the Post Office Public Provident Fund is decided by the Ministry of Finance and is liable to change every quarter.
The following are the recent quarter-wise historic PPF interest rates for FY 2017-18, FY 2018-19 and FY 2019-20:
| Time Period | PPF Interest Rate |
| Q3 FY 20-21 (Current) | 7.1% p.a. |
| Q2 FY 20-21 | 7.1% p.a. |
| Q1 FY 20-21 | 7.1% p.a. |
| Q4 FY 19-20 | 7.9% p.a. |
| Q3 FY 19-20 | 7.9% p.a. |
| Q2 FY 19-20 | 7.9% p.a. |
| Q1 FY 19-20 | 8.0% p.a. |
| Q4 FY 18-19 | 8.0% p.a. |
| Q3 FY 18-19 | 8.0% p.a. |
| Q2 FY 18-19 | 7.6% p.a |
| Q1 FY 18-19 | 7.6% p.a |
| Q4 FY 17-18 | 7.6% p.a |
| Q3 FY 17-18 | 7.8% p.a |
| Q2 FY 17-18 | 7.8% p.a |
FAQs about Post Office PPF:
- Where can I open a PPF account?
A person can open a Public Provident Fund (PPF) Account at any post office or within a bank that is entitled to offer the PPF account facility. All the nationalized banks offer the facilities to open a PPF account. Some recognized private banks such as ICICI Bank, Axis Bank, and HDFC Bank are also offering the PPF Account facility.
- How to open a Post Office PPF account?
In order to open a Post Office PPF account, an applicant will be required to submit the KYC documents in addition to a duly filled and signed application form. After the submission of the filled form along with KYC documents, the amount towards the opening of the PPF account can be deposited.
- What is the interest rate for Post Office PPF?
The Ministry of Finance, GoI is responsible for setting the rate of interest for the PPF account. This rate is set every year on a quarterly basis. The current rate of interest is 7.1 % per annum during the quarter October to December 2020.
- Which balance is taken into consideration for calculating the interest in PPF Account?
The PPF interest is calculated on the lowest balance in the account either the closing balance on the 5th day of a month or the closing balance on the last day of the month.
- Are the investments made under PPF eligible for tax benefits?
Yes, the investments made under the Public Provident Fund (PPF) are eligible for tax benefits under Section 80C of the Income Tax Act.
- What is the lock-in period for Public Provident Fund?
The lock-in period for the Post Office Public Provident Fund account is 15 years. However, partial withdrawal is allowed from the PPF account after the 7th year.
Post Office PPF Calculator:
What is the PPF Calculator?
The PPF calculator is easy to use an investment tool that can help to perform even the most complicated PPF related calculations with ease. Using the online Post Office PPF calculator you can easily calculate the year-wise PPF returns, Interest Earned, Loan Against PPF and PPF Withdrawal Amounts.
How to use Post Office PPF Calculator?
- Post Office PPF calculator calculates the interest for every year on the basis of the initial details given by you. A person is required to choose from the type of deposit options i.e. fixed amount or variable amount and the amount deposited every year.
- This Post Office PPF Calculator assumes the depositing amount on 1st April every year. Then the interest is calculated for the financial year based on the prevailing market rate.
- This Post Office PPF calculator also gives you an estimate of the total amount of investment made by you until a particular year.
About the result of the Online Post Office PPF Calculator:
The online Post Office PPF calculator results in a table that displays some key data that current and prospective PPF subscribers need to be aware of:
Maturity Amount of PPF: This is the final earning from your PPF account after the total tenure.
Wealth Gain: It is the total interest gain over the complete tenure on your investments.
Loan Available: A loan taken from PPF account repayable in 3 years can be obtained on 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% for the first 36 months, and thereafter, 6% on the outstanding amount. A person can avail the second loan before the end of the 6th financial year if the first one is fully repaid.
Withdrawal Available: PPF account has 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 account started. The maximum amount that can be withdrawn pre-maturely from the PPF account is equal to 50% of the amount that stood in the account at the end of the fourth financial year.
