HDFC PPF Calculator is an investment tool designed for the calculation of maturity amount against the investment made in the Public Provident Fund Scheme in HDFC Bank.
To use this Fixed Amount Investment HDFC PPF Calculator, you have to enter the current PPF Interest Rate and Fixed Yearly Investment Amount (in Rs).
(Calculate your HDFC Bank PPF maturity amount by using this HDFC PPF Calculator)
HDFC PPF is a government-regulated personal financial scheme, which is maintained by HDFC branches. The HDFC PPF calculator available on this page is one of the most accurate and user-friendly PPF Calculators available online.
HDFC Bank Public Provident Fund (PPF) scheme is a good investment option that provides a great return, and it is with tax benefits. You can invest a little amount from Rs. 500 to a maximum of Rs. 1,50,000 in one financial year. HDFC PPF account has 15 years locking period, however, anyone can partially withdraw from the seventh year and onward.
This HDFC PPF calculator requires some data like – Rate of Interest of PPF, and Annual Amount Deposited. After calculation, you will get the Interest Earned, Closing Balance, Loan Available, and Withdrawal Available.
What is an HDFC PPF Account?
HDFC PPF account is a Government of India-backed long term small savings scheme which provides tax benefits to investors under Section 80C of the Income Tax Act 1961.
HDFC Public Provident Fund (PPF) scheme is an investment option, in which one can invest a little amount from Rs. 500 to a maximum of Rs. 1,50,000 in one financial year. HDFC PPF account has 15 years locking period, however, anyone can partially withdraw from the seventh year and onward.
The Public Provident Fund account in HDFC Bank 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.
Click Here for HDFC Bank Saving Account Calculator
Click Here for HDFC FD Calculator
Click Here for HDFC RD Calculator
Know more about HDFC PPF Scheme: Click Here
Click Here for Post Office PPF Calculator
Click Here for SBI PPF Calculator
Click Here for ICICI PPF Calculator
Features of HDFC Bank Public Provident Fund (PPF):
The key silent features of the HDFC Public Provident Fund (PPF) account is as follows:
- Attractive Interest Rate of 7.1 % that is fully exempt from tax under Section 80C.
- Good long term investment for 15 years.
- An account can be extended for a block of 5 years after maturity.
- The minimum deposit amount of Rs 500/- and maximum of Rs 1,50,000/- in a Financial Year.
- If the minimum amount of Rs 500/- is not deposited in any financial year, a penalty of Rs 50/- will be charged.
- Passbook will be issued to customers
- Option for a loan facility and partial withdrawals:
- 50% of the balance can be withdrawn after the expiry of 5 years, excluding the first financial year.
- Loan facility can be availed any time between the third financial year to sixth financial year i.e. From the third financial year up to the end of the fifth financial year
Eligibility Criteria to Open an HDFC PPF Account:
- An account can be opened by Resident Individuals and Individuals on behalf of a minor of whom he is the guardian.
- No joint PPF accounts are allowed.
- Non-resident Indians (NRIs) are not eligible to open an account under the Public Provident Fund Scheme. However, a resident who becomes an NRI during the 15 years’ tenure prescribed under the Public Provident Fund Scheme may continue to subscribe to the fund until its maturity on a non-repatriation basis.
- An individual can open only one PPF account and declare the same at the time of account opening.
What is the HDFC PPF Calculator?
This HDFC PPF calculator is easy to use financial tool that can help to perform even the most complicated PPF related calculations with ease. Using the online PPF calculator you can easily calculate the year-wise PPF returns.
How to use the HDFC PPF Calculator?
- HDFC PPF calculator calculates the interest for every year on the basis of the initial details given by you. You are required to choose the type of deposit (fixed amount or variable) and the amount deposited every year.
- It is assumed that you are depositing the amount on 1st April every year. Then the interest is calculated for the financial year based on the prevailing market rate.
- PPF interest calculator also gives you an estimate of the total amount of investment made by you till a particular year.
Understand the result of the Online HDFC PPF Calculator:
The result of the online HDFC PPF calculator includes a table displaying 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 repayable in 36 months 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 percent for the first 36 months, and thereafter, 6 percent 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.
Withdrawal Available: 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.
You are here to calculate the maturity value of your money in HDFC Bank’s Public Provident Fund (PPF) account. Calculate the maturity value with this online HDFC PPF calculator.
