It is an easy to use a handy tool that can help perform even the most complicated PPF related calculations with ease. Using the PPF calculator you can easily calculate the year-wise PPF returns you can earn by contributing to your PPF account over a pre-determined time period and with a specific frequency. This is a versatile tool and separate bank-wise calculators such as SBI PPF Calculator, PNB PPF Calculator, India Post PPF Calculator or HDFC PPF Calculator are unnecessary. This is because interest rate, maturity, taxation and withdrawal rules are determined by the government hence, remain the same irrespective of where the PPF account is opened.
What is PPF and how it works?A public provident fund (PPF) account is an investment option that provides income tax deduction u/s 80C for the amount invested (subject to a limit of Rs 1.5 lakh a year). Interest received is exempt from tax and there is no tax on the amount received on maturity of the account either.
What is PPF account and its benefits?Public Provident Fund (PPF) scheme is a popular long term investment option backed by Government of India which offers safety with attractive interest rate and returns that are fully exempted from Tax. Investors can get the facilities such as loan, withdrawal and extension of account.
Who can open PPF account?Indian citizens are eligible to open a PPF account. An individual can open only one account under his/her name. However, another account can be opened by the individual on behalf of a minor. Non-resident Indians (NRIs) and Hindu Undivided Families (HUFs) are not allowed to open a PPF account.
How much I will get in PPF after 15 years?Banks offer PPF accounts at the rate fixed by Indian Government. Current PPF interest rates offered by all banks is 7.90% as applicable from 1st January, 2020.