Available PPF Withdrawal / Loan Calculator
Use this PPF Calculator
for PPF account in any authorized bank (SBI, HDFC, ICICI, PNB, BOB, IDBI, ....) or Post Office. Features of this calculator are view more ...
- Calculation of available Loan from PPF account in the current financial year.
- Calculation of available Withdrawal from PPF account in the current financial year.
Important Features of PPF Accounts :
Who can use this PPF Calculator?
This PPF calculator can be used by any person, who is eligible to open a PPF account or has a PPF account in any authorised bank or post office for calculation of Interest, Return, Maturity, available Withdrawal and Loan Amount for Investment in PPF Account.
Who decides PPF Interest rate?
The PPF interest rate is notified by Central Government from time to time and is applicable to all authorised banks and post offices.
What is current PPF interest rate?
The current rate is 7.10% p.a. applicable w.e.f. 01.04.2020.
What is history of PPF Interest rates?
The PPF interest rates since 01.04.1986 have been as under:
|01.04.1986 to 14.01.2000||12.00 %||01.04.2013 to 31.03.2016||8.70 %
|15.01.2000 to 28.02.2001||11.00 %||01.04.2016 to 30.09.2016||8.10 %
|01.03.2001 to 28.02.2002||9.50 %||01.10.2016 to 31.03.2017||8.00 %
|01.03.2002 to 28.02.2003||9.00 %||01.04.2017 to 30.06.2017||7.90 %
|01.03.2003 to 30.11.2011||8.00 %||01.07.2017 to 31.12.2017||7.80 %
|01.12.2011 to 31.03.2012||8.60 %||01.01.2018 to 30.09.2018||7.60 %
|01.04.2012 to 31.03.2013||8.80 %||01.10.2018 to 30.06.2019||8.00 %
|01.07.2019 to 31.03.2020||7.90%||01.04.2020 onwards||7.10% %|
How PPF interest is applied and compounded?
The 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.
How PPF account maturity is calculated?
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).
What is extension of PPF 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.
What are tax benefits of investing in PPF account?
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.
What are special provisions relating to PPF accounts?
The balance in a PPF account is exempt from Wealth Tax it cannot be attached under a court decree.
What are risks of investing in PPF?
PPF (Public Provident Fund) is a No Risk investment scheme.