The PPF Calculator is one of the easiest way to find out the total return on invested in PPF account online. You can find the total amount invested in 1 to 15 years under PPF Scheme. A PPF is a saving as well as tax saving mechanism prevalent in India which Individuals as well as Hindu Undivided Families can open an account of. All State Banks of India as well as nationalized banks have the provision for a PPF account. ICICI was the first privatized bank which secured the provisions for a PPF account. NRIs cannot open an account under the PPF rules and regulations. Please note that the Rate of Return on a PPF is 8.10 % per annum  after recent revised in 2016-17 financial year.  Interest is further calculated on the lowest balance existing between the closing of the fifth day and the last day of every month. Additionally now onward, the interest rates of PPF will be revised quarterly.



A PPF account is held for a period of 15 years applicable for re subscription. It must be remembered that investments made in a PPF account are in the multiples of 5 only, either wholesomely or in installments.

The main theme line of calculation of a PPF is that: The interest is calculated on a monthly basis by taking the lowest balance of month. However, the total yearly interest is added to the PPF at the year end.

PPF Interest Rate History

Year

PPF Return

2007-2008

8.50%

2008-2009

8.50%

209-2010

8.50%

2010-2011

9.50%

2011-2012

8.25%

2012-2013

8.75%

2013-2014

8.75%

2014-2015

8.75%

2015-2016

8.75%

2016-2017

8.10%

The interest that is earned in a year will be added back to final amount at the year end. The calculation of the interest and addition of it to the Public Provident Fund account at the year-end depends on where the money is actually invested. The interest calculated has been decided upon the government to be 8.1% per year. Indian citizens are entitled to save tax under section 80C upto 1.5 lakh INR.

PPF Features

The best part about having PPF account is you need to invest minimum amount of Rs 500 in a financial year whereas maximum limit of investment is Rs 1,50,000. The duration of PPF scheme is for 15 years and can be extended for 5 / 10 or 15 years.

Indian citizens can open PPF account in below banks:

  • SBI Bank
  • ICICI Bank
  • HDFC
  • Bank Bank of India
  • IDBI Bank
  • Punjab National Bank
  • Central Bank of India

However please note that if you fail to deposit minimum amount in any Financial year then there will be penatly of Rs 50 per year.

Advantage of PPF

After working in an organization for long years of time, PPF gets collected in a government PF account and generally after retirement enjoys the benefit of the money stored as savings. Even the employee can use as a monthly installment scheme to keep it in a post office to get more benefit. Therefore, PF is a lifetime savings in huge amount to be used in various purposes as after retirement settlement scheme. PPF is one of the mostly calculated savings in the account of government and the method of calculation is highly effective. So to obtain better benefit PPF it is stored and kept in huge savings for future purpose in all aspects. Thus, PPF is highly beneficial is all aspects due to its huge savings of an individual.

Following are the main advantages of having a PPF account:

  • Interest Rate is 8.1% whereas most of the FD schemes now offering harldy 7.00%.
  • It help to save tax of Rs 1,50,000 on every financial year.
  • One of the most secured investment option available in market.
  • The total amount earned on PPF account is totally exempted from wealth tax.
  • In order to keep the account active, one have to deposit at least Rs 500 in a FY.

The idea of Public Provident Fund is a great support to our country’s economical growth. First, some amount of money is saved out of the earning of every individual. Second, this money is used in the economical growth.

Use below application to calulate PPF Calculator

The simplest way to calculate ppf interest earned on every single year and total amount on maturity.

Free PPF Calculator online ready to calculate for 2016 year

 

Your fixed yearly PPF amount: