Know how much money will be received after 5 years with the help of PPF Interest Calculator

PPF Interest Calculator: There is a Central Government scheme for General Provident Fund investment which not only generates guaranteed returns but also gives tax exemption under Section 80C of Income Tax! PPF Account (PPF Account) can be opened for a minimum of 15 years! The minimum deposit amount in this Public Provident Fund Account is Rs. 500/- and the maximum is Rs 1.5 lakh per year! Interest earned on Public Provident Fund Account (PPFA) can be redeemed only after maturity! Loan and partial withdrawal are the facilities available in PPF account.

ppf interest calculator

ppf interest calculator

ppf interest calculator

With the help of Public Provident Fund Calculator, you can know about the maturity value of your investment! Please note that we have considered a fixed amount per year, which is deposited before 5th April every year to get the maximum benefit of interest!

Calculated on the basis of the prevailing interest rate offered by the Public Provident Fund, which is 8.1% per annum for the next 15 years! This Public Provident Fund calculator also tells the loan amount and partial withdrawal of PPF amount.

How is the interest rate of PPF calculated?

As per the PPF rules, the Public Provident Fund Interest Rate is calculated on a monthly basis on the PPF balance in the investor’s account, but is credited only at the end of the financial year on March 31. ! In this article, we will discuss the interest rate calculation method in case of monthly and lump sum payment in PPF account.

ppf interest calculator

financial year time limit PPF Interest Rate (per annum)
2020-2021 April 2020 – June 2020 7.1%
2019-2020 January 2020 – March 2020 7.9%
2019-2020 October 2019 – December 2019 7.9%
2019-2020 July 2019 – September 2019 7.9%
2019-2020 April 2019 – June 2019 8.0%
2018-2019 January 2019 – March 2019 8.0%
2018-2019 October 2018 – December 2018 8.0%
2018-2019 July 2018 – September 2018 8.0%
2018-2019 April 2018 – June 2018 7.6%
2017-2018 January 2018 – March 2018 7.6%
2017-2018 October 2017 – December 2017 7.8%
2017-2018 July 2017 – September 2017 7.8%
2017-2018 April 2017 – June 2017 7.9%
2015-2016 April 2015 – March 2016 8.70%
2014-2015 April 2014 – March 2015 8.70%
2013-2014 April 2013 – March 2014 8.70%
2012-2013 April 2012 – March 2013 8.80%
2011-2012 April 2011 – November 2011 8.0%
2011-2012 December 2011 – March 2012 8.60%
2010-2011 April 2010 – March 2011 8.0%
2009-2010 April 2009 – March 2010 8.0%
2008-2009 April 2008 – March 2009 8.0%
2007-2008 April 2007 – March 2008 8.0%
2006-2007 April 2006 – March 2007 8.0%
2005-2006 April 2005 – March 2006 8.0%
2004-2005 April 2004 – March 2005 8.0%

How to check PPF account balance

The balance of your Public Provident Fund Account can be checked both online and offline. PPF Account balance can be checked online only for those investors whose Public Provident Fund Accounts are with the bank!

You just need to activate your internet banking and you can check the status and balance of your PPF account at any point of time! To check balance offline, you will have to get the PPF passbook updated by visiting the bank branch. The passbook contains date-wise, details of investments made, interest credited and balance in your account.

Benefits of PPF account (Public Provident Fund Interest Calculator 2021)

  • Investment in Public Provident Fund enables investors to claim tax exemption while filing your income tax return! Discount is up to Rs. 1.5 lakhs in a year under Section 80C of the Income Tax Act!
  • Withdrawal of maturity amount at the time of closure of PPF account is tax exempt
  • Additionally, in case of financially difficult times, a loan can be availed against the balance standing in your PPF account. However, this facility is available only from the 3rd year to the 6th year from the investment.
  • All Public Provident Fund accounts can be extended after completion of 15 years in a block period of 5 years.
  • Premature closure is permitted after completion of 5 years for medical treatment and higher education of family members. However, there is a penalty of 1% for premature closure of the PPF account.

What are the tax-saving benefits of PPF

The Public Provident Fund Savings Scheme runs on an Exempt-Exempt-Exempt (EEE) model, wherein all investments made towards PPF are deductible under Section 80C of the Income Tax Act. You can claim the deduction while filing your income tax return.

PPF Interest Calculator Investors cannot withdraw funds from PPF before the completion of the lock-in period of 15 years! The entire PPF account maturity amount belongs to the account holder for life and is payable to the nominee of that person after his death.

EPFO Interest Rate Final: Modi government’s seal, 6.5 crore people will get interest on PF at this rate