PPF Calculator

What is a PPF Calculator?

A PPF (Public Provident Fund) Calculator is an online tool that helps you figure out how much interest you'll earn and the total amount you’ll have when your investment matures. This tool makes it easy to calculate your potential returns, so you don't have to do complex calculations on your own. Right now, the interest rate for PPF is 7.1% per year, and the scheme lasts for 15 years. By entering a few details, like your investment amount, interest rate, and how long you plan to invest, you can quickly see:

• How much you’ll get when the investment matures
• How your investment will grow over time
• The total interest you’ll earn

Why Should You Use a PPF Calculator?

PPF calculators save you the time and hassle of doing manual math. They provide fast and accurate results, helping you make smart investment choices.

Benefits of Using a PPF Calculator:

• Accuracy: The calculator gives you the exact amount you’ll receive at the end of your investment, including how much interest you’ll earn. You don’t have to guess or do complex math—it shows the real numbers.
• Tax Estimation: It helps you see how much money you can save on taxes by investing in a PPF. This makes it easier to plan your savings and take advantage of tax benefits.
• Time-Saving: You don’t need to do any calculations yourself. Just enter your details, and the calculator gives you the result immediately. It saves you time and effort.
• Flexible: You can try different investment amounts and durations. This lets you see how changing your savings plan affects the total amount you’ll get in the future.
• User-Friendly: The tool is very simple to use. Even if you don’t know much about finance or investments, you can still use it without any trouble.

How to Use the PPF Calculator

• Enter the principal investment: Type in how much you plan to invest each year.
• Provide the interest rate: Enter the current interest rate (7.1% p.a.).
• Specify the tenure: Choose how many years you want to invest (usually 15 years).
• Click Calculate: The tool will show you the maturity amount, interest earned, and the total value of your investment.

Formula for PPF Interest

The formula for calculating the total maturity amount in a PPF account is:

F = P [(1 + i)^n - 1] / i
                            

Where:

• F: Maturity amount
• P: Amount you invest every year
• i: Interest rate divided by 100
• n: Number of years (usually 15)

While you can use this formula to calculate manually, a PPF calculator is a much easier and more accurate way to get the result.

Types of PPF Calculators

There are different types of PPF calculators depending on your needs:

• Fixed Monthly Investment Calculator: For monthly contributions.
• Fixed Yearly Investment Calculator: For yearly contributions.
• Variable Yearly Investment Calculator: For varying yearly contributions.
• PPF Benefits Calculator: To see how much tax you can save and your total benefits.
• PPF Loan Calculator: To calculate how much you can borrow against your PPF balance.
• Withdrawal Calculator: Helps you estimate how much you can withdraw from your PPF account.
• Maturity Calculator: Tells you how long your account will take to mature and the estimated returns.

Advantages of PPF Investments

• Guaranteed Returns: The Indian government guarantees that your investment in PPF will grow, which makes it a very secure investment option.
• Tax Benefits: By investing in Public Provident Fund (PPF), you can reduce your taxable income under Section 80C of the Income Tax Act, which helps you save taxes.
• Flexible Investment Amounts: You can invest as little as Rs. 500 per year, and up to Rs. 1.5 lakh annually, so it's flexible depending on your budget.
• Partial Withdrawals: After 7 years, you can take out part of your investment if needed.
• Loan Facility: Starting from the 3rd year, you can borrow money against your PPF balance if required.
• Tax-Free Interest: The interest earned on your PPF investment is not taxed, so you get the full benefit of the growth in your account.

Explore Other Financial Calculators

Home Loan Calculator

Personal Loan Calculator

EMI Calculator

RD Calculator

FAQs on PPF Calculator

• Where can I open a PPF account?
  You can open a PPF account at public-sector banks like State Bank of India (SBI) or Punjab National Bank (PNB), private banks like HDFC and ICICI, or even at the India Post Office.
• How long is the lock-in period for PPF?
  PPF accounts have a 15-year lock-in period. However, you can make partial withdrawals from the 7th year onwards if you need funds.
• Is the interest earned on PPF taxable?
  No, the interest earned on your PPF account is completely tax-free. You don't have to pay any tax on it.
• Can I withdraw from my PPF account before it matures?
  Yes, you can make partial withdrawals starting from the 7th year of the account.
• Can I extend my PPF account after 15 years?
  Yes, once the 15-year period is over, you can extend your PPF account in 5-year blocks.
• What is the minimum and maximum amount I can invest in PPF?
  The minimum amount you can invest in PPF is Rs. 500 per year, and the maximum limit is Rs. 1.5 lakh per year.
• Can I have more than one PPF account?
  No, an individual is allowed to open only one PPF account.
• Is PPF a good way to save on taxes?
  Yes, PPF is a great tax-saving option under Section 80C of the Income Tax Act, and it offers Exempt-Exempt-Exempt (EEE) benefits, meaning your investment, interest, and maturity amount are all tax-free.
• Can I transfer my PPF account to another bank or branch?
  Yes, you can transfer your PPF account to another bank or post office if needed.
• How is the interest on PPF calculated?
  The interest is calculated on the lowest balance between the 5th and the last day of each month and is compounded annually. This means you get interest on your balance at the end of each year.