PPF Calculator - Public Provident Fund Returns Calculator
The Public Provident Fund (PPF) calculator helps you plan your voluntary long-term investments. Unlike EPF which is for salaried employees, PPF is open to all Indian citizens, including self-employed individuals and business owners.
Key Features of PPF
- Voluntary investment scheme (₹500 to ₹1.5 lakh per year)
- 15-year lock-in period with extension option
- Government-backed guaranteed returns
- Complete tax exemption (EEE category)
- Open to all Indian citizens
Looking for EPF Calculator?
If you're a salaried employee wanting to calculate your Employee Provident Fund (EPF) deductions, please use our EPF Calculator instead.
PPF Calculation Results
Investment Tips
- Start early to maximize returns
- Invest maximum amount (₹1.5 lakh) annually
- Consider extending beyond 15 years
- Plan withdrawals strategically
Frequently Asked Questions
PPF is a long-term savings scheme backed by the Government of India. Key features include:
- Government-guaranteed returns
- Complete tax-free returns (EEE category)
- 15-year lock-in period
- Interest rates revised quarterly
- Can be opened at banks or post offices
Investment limits and rules:
- Minimum: ₹500 per year
- Maximum: ₹1.5 lakh per year
- Deposits can be made in lump sum or 12 installments
- Only one account per person (except for guardian accounts)
- Investments beyond ₹1.5 lakh are not eligible for interest
Interest calculation method:
- Interest is calculated on the lowest balance between 5th and last day of each month
- Interest is credited annually at the end of financial year
- Interest rates are reviewed and announced quarterly by government
- Interest earned is completely tax-free
- Interest is compounded annually
PPF offers triple tax benefits (EEE):
- Investment up to ₹1.5 lakh deductible under Section 80C
- Interest earned is tax-free
- Maturity amount is completely tax-free
- Loan against PPF is also tax-free
- Withdrawals are exempt from tax
Loan and withdrawal provisions:
- Loan available from 3rd to 6th year
- Partial withdrawal allowed from 7th year onwards
- Loan amount: Up to 25% of balance of 2nd preceding year
- Loan interest rate: 1% higher than PPF interest rate
- Loan must be repaid within 36 months
Post-maturity options:
- Complete withdrawal of entire amount
- Extension in blocks of 5 years with or without fresh contributions
- One withdrawal per year allowed during extension
- Same interest rate applicable during extension
- Unlimited number of extensions possible
Rules regarding multiple accounts:
- Only one PPF account allowed per person
- Exception: Can open account for minor children as guardian
- Joint PPF accounts not allowed
- HUF cannot open PPF account
- Second account if opened will be treated as irregular
Death claim process:
- Balance transferred to nominee/legal heirs
- Interest continues till settlement of claim
- No penalty for premature closure
- Nominee can continue the account till maturity
- Death certificate and legal documents required for settlement
Transfer process:
- Can be transferred between post office and banks
- Submit transfer application at current branch
- No fee for transfer
- Account number remains same after transfer
- Transfer possible across cities
Required documents:
- PAN Card
- Address proof (Aadhaar/Passport/Driving License)
- Recent photograph
- Initial deposit (minimum ₹500)
- Nomination form
Key differences:
- PPF has complete tax exemption, FD interest is taxable
- PPF has government guarantee, FD has only bank guarantee
- PPF has 15-year lock-in, FD has flexible tenures
- PPF interest rates are generally higher
- PPF has investment limits, FD has no upper limit
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