This user friendly PPF calculator can be used by any person, who is eligible and wishes to open a PPF account or has a PPF account in SBI, HDFC, PNB, BOB, ICICI or any other authorised bank or Post Office.
This calculator supports Fixed Monthly, Fixed Yearly and Variable Yearly Investment modes and calculates Date of Maturity, Interest Rate, Interest Amount, Return on Investment, Maturity Amount, available Withdrawal / Loan Amount.
You may also use Actual PPF Interest and Yearly Balance Calculator to know the amount of Interest payable in your PPF account for your investments made during the year.
| Period from end of FY of A/C opening | Date of Maturity | Investment | Maturity Value | Return on Investment |
|---|---|---|---|---|
| 15 Years | ||||
| 20 Years (After 1st Extension) | ||||
| 25 Years (After 2nd Extension) | ||||
| 30 Years (After 3rd Extension) |
This Calculator calculates actual amount of yearly interest earned and closing balance on yearly basis for PPF accounts opened since 1986-87 to till date. You can use this calculator to check You can use this SSY calculator to check actual amount of interest payable for the year for amount and/or amounts deposited in your PPF account at any time during the year.
Calculate available amount of Withdrawal / Loan during current financial year for before or after extension of PPF account.
A PPF account can be opened at a designated branch of any authorsed bank or Post Office. The list of authorised banks for (Public Provident Fund) is as under:
| State Bank of India (SBI) | HDFC Bank |
| ICICI Bank | Central Bank of India |
| Bank of India (BOI) | Union Bank of India |
| Bank of Maharashtra | IDBI Bank |
| Bank of Baroda (BOB) | Vijaya Bank |
| Canara Bank | Indian Bank |
| Axis Bank | Indian Overseas Bank (IOB) |
| Punjab National Bank (PNB) | United Commercial (UCO) Bank |
The PPF interest rate is notified by Central Government from time to time and is applicable to all authorised banks and post offices.
The current PPF interest is 7.10% p.a. applicable w.e.f. 01.04.2020.
The PPF interest rates since 01.04.1986 have been as under:
| 01.04.1986 to 14.01.200012.00 % p.a. | 01.04.2013 to 31.03.20168.70 % p.a. |
| 15.01.2000 to 28.02.200111.00 % p.a. | 01.04.2016 to 30.09.20168.10 % p.a. |
| 01.03.2001 to 28.02.20029.50 % p.a. | 01.10.2016 to 31.03.20178.00 % p.a. |
| 01.03.2002 to 28.02.20039.00 % p.a. | 01.04.2017 to 30.06.20177.90 % p.a. |
| 01.03.2003 to 30.11.20118.00 % p.a. | 01.07.2017 to 31.12.20177.80 % p.a. |
| 01.12.2011 to 31.03.20128.60 % p.a. | 01.01.2018 to 30.09.20187.60 % p.a. |
| 01.04.2012 to 31.03.20138.80 % p.a. | 01.10.2018 to 30.06.20198.00 % p.a. |
| 01.07.2019 to 31.03.20207.90 % p.a. | 01.04.2020 onwards7.10 % p.a. |
The PPF interest is payable on minimum balance available in the account from 5th to last day of month. The interest is applied on last day of the financial year and is compounded at yearly rests.
As per PPF Rules, PPF account matures after expiry of 15 years from the close of financial year in which the account was opened. Therefore, an account opened on say 10th October 2010, will mature on 1st April 2026 (after expiry of 15 years from the end of financial year in which the account was opened i.e. 31.03.2011) and not on 10th October 2025 (after expiry of 15 years from the date of opening of the account).
On the expiry of 15 financial years from the end of financial year in which the account was opened, a PPF account can be extended for a further period of five years at a time by submitting an application on Form H.
The investment made in a PPF accounts upto prescribed limits are eligible for relief under section 80C of Income Tax Act. The interest earned in a PPF accounts is exempt from Income Tax.
PPF (Public Provident Fund) is a No Risk investment scheme of the Government of India.