📋 PPF Calculator - Calculate Public Provident Fund Returns Online Free
Calculate PPF maturity amount, interest earned, and yearly balance with annual compounding. Free online PPF calculator by agecalculatortool.in
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📚 Understanding Public Provident Fund (PPF)
The Public Provident Fund (PPF) is a government-backed long-term savings scheme offering guaranteed returns with tax benefits. With a 15-year lock-in period (extendable in 5-year blocks), PPF is one of India's most popular retirement and tax-saving instruments.
PPF Key Features
Minimum annual deposit is ₹500, maximum is ₹1,50,000 per financial year. The government revises the interest rate quarterly (currently 7.1% p.a.). Interest is calculated on the minimum balance between the 5th and last day of each month, so deposit before the 5th for maximum benefit.
Tax Benefits (EEE Status)
PPF enjoys EEE (Exempt-Exempt-Exempt) tax status: Deposits are deductible under Section 80C (up to ₹1.5 lakh), interest earned is tax-free, and the entire maturity amount is tax-free. This makes PPF superior to FDs and RDs for long-term tax-efficient wealth building.
PPF Rules
Loan facility available from 3rd to 6th year (up to 25% of balance). Partial withdrawal allowed from 7th year onwards. The account can be extended indefinitely in 5-year blocks after the initial 15-year period, with or without fresh contributions.
❓ PPF Calculator - FAQs
Q1: What is the current PPF interest rate?
The current PPF rate is 7.1% p.a. (subject to quarterly revision by the Government of India). The rate is linked to government bond yields and is reviewed every quarter.
Q2: How is PPF interest calculated?
Interest is compounded annually but calculated monthly on the lowest balance between the 5th and last day. Deposit before the 5th of the month to earn interest for that month.
Q3: Can I invest more than ₹1.5 lakh in PPF?
No, ₹1,50,000 is the maximum annual limit across all PPF accounts (including minor accounts). Exceeding this limit won't earn interest and may attract penalties. The minimum is ₹500 per year.
Q4: When can I withdraw PPF money?
Partial withdrawal is allowed from the 7th year (up to 50% of the 4th year balance). Full maturity after 15 years. The account can be extended with or without contributions. Premature closure is only allowed in specific cases (medical emergency, higher education).
Q5: Is PPF better than ELSS?
PPF offers guaranteed returns (7.1%) with zero risk. ELSS funds can give 10-15% returns but carry market risk and have 3-year lock-in. PPF suits conservative investors; ELSS suits those seeking higher returns. Both offer Section 80C tax benefits.