Public Provident Fund Calculator

PPF Calculator is a simple online tool for calculating interests and maturity amount over the next 15 years

Period of Deposit

Every Year Every Month

* Yearly Deposit Amount

* Starting Year

Public Provident Fund (PPF) Details

Public Provident Fund calculation detail:

The Public Provident Fund (PPF) Scheme, 1968 is a tax-free savings avenue that was introduced by the Ministry of Finance (MoF) in India in the year 1968. Interest earned on deposits in the PPF account are not taxable. Deposits made towards PPF accounts can be claimed as tax deductions. This makes the PPF Scheme one of the most tax efficient instruments in India. It was launched to encourage savings among Indians in general, especially to encourage them to create a retirement corpus.

Public Provident Fund (PPF) Features are as below :

Indian Citizen who is a Resident Indian can open PPF account. Even if one has EPF account.
PPF account can be opened with the State Bank Of India, or its associates , Post offices, or any other Certified Bank like ICICI, Axis Bank.
PPF account is opened for a minimum period of 15 years. This tenure can be further extended for a minimum term of 5 years.
Premature closure of account is allowed in certain cases after completion of 5 years.
In a financial year, an investor can deposit minimum of Rs. 500 and maximum of Rs. 1,50,000 in their PPF account.
Deduction U/s 80C of Income Tax is available for the amount invested in PPF.
Government pays yearly interest on the balance in the PPF account.
Interest earned in the PPF account can only be redeemed after maturity.
Interest received from PPF investments is Tax Free.
Amount in PPF can be withdrawn from the 7th year onwards. This withdrawal amount is restricted to 50% of the previous years balance.
Loan against the balance in PPF account can be availed after three years. Maximum of 25% of the balance in the PPF account is made available as the loan amount. Amount received at the time of maturity is completely tax-free.
Deposits can be done maximum in 12 transactions
Account can be extended in a block period of 5 years after maturity

Public Provident Fund - Frequently Asked Questions

1. How many times we can deposit in PPF account in a year ?

You can deposit more than 2 times also in a month to a PPF account. The minimum subscription of Rs.500/- and maximum of Rs.1, 50,000/- can be made in lumpsum or in 12 installments per financial year. You cannot deposit more than 12 times in a year.

2. What happens if PPF account holder dies ?

In the event of the death of the PPF account holder, the balance amount in the PPF account will be paid even before the completion of 15 years, to the nominee or legal heir of the deceased person. The nominee or the legal heir is not allowed to continue the PPF account by making fresh contributions to it.

3. Can PPF be withdrawn ?

Withdrawals from PPF account. There is a lock-in period of 15 years and the money can be withdrawn in full after its maturity period. However, pre-mature withdrawals can be made from the start of the seventh financial year.

4. Can PPF be paid online ?

Add your PPF Account (opened in a bank) as a beneficiary into your online banking module. The payee name and the PPF account number should match exactly with that mentioned in your PPF account. You can now transfer funds from your online banking account to your PPF account via the standard online banking process.

5. Who can open a PPF account ?

Only one PPF account can be opened per person. Resident Indians, 18 years or older, can open a Public Provident Fund Account. There is no upper age limit for opening this account. Accounts can be opened for minors 80C.

6. Can we put more than 1.5 lakh in PPF ?

The maximum amount that can be deposited in a PPF account during a financial year is Rs 1.5 Lakhs. If you try to deposit any amount over Rs 1.5 Lakhs in a year, it will not be accepted. You can consider investing the excess Rs 1.5 Lakhs in any Ultra Short Term Fund instead of a savings account.

7. When the PPF will get matured ?

A Public Provident Fund (PPF) account has a maturity of 15 years but calculation of 15 years start from the end of financial year in which the account was opened. For example, If you have opened the PPF account on 15 July 2000, then 15 years tenure will start from the end of FY 2000-2001 i.e. 31st march 2001.

8. How do I open a PPF account ?

What should I keep in mind when opening my PPF account? Head over to your nearest State Bank of India branch, or a branch of any of State Bank's subsidiaries. You can also open an account in select nationalized banks, and the post office. Fill in the form, attach a photograph, state your PAN Number, and you're done.

9. Is PPF amount on maturity is taxable ?

Premature closure is not allowed and can be extended in blocks of 5 years each after the end of the first 15 years. The amount you invest in PPF is eligible for deduction under the Rs 1 lakh limit. On maturity, you will not pay any tax.

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Public Provident Fund Calculator

Public Provident Fund (PPF) Details

Public Provident Fund calculation detail:

Public Provident Fund (PPF) Features are as below :

Public Provident Fund - Frequently Asked Questions