PPF Calculator

What is PPF ?

PPF (Public Provident Fund) is a saving-cum-tax saving scheme in India (started in 1968 by National Saving Institute of the Ministry of Finance) by Central Government. The goal is to mobilize small savings by offering an investment with reasonable returns combined with income tax benefits. (Tax exemption : EEE)

Public Provident Fund Account 

• From 1.4.2014, interest rates are as follows:- 8.70% per annum (compounded yearly).
• Minimum INR. 500/- Maximum INR. 1,50,000/- in a financial year.
• Deposits can be made in lump-sum or in 12 installments.
• An individual can open account with INR 100/- but has to deposit minimum of INR 500/- in a financial year and maximum INR 1,50,000/-
• Joint account cannot be opened.
• Account can be opened by cash/cheque and In case of cheque, the date of realization of cheque in Govt. account shall be date of opening of account.

Documents required to open PPF Account

Certain documents need to be submitted to the bank for PPF account opening. These documents should accompany a duly filled PPF account opening form. The list of these documents is mentioned below.

• Duly filled PPF account opening form
• Proof of identity. For example, driving license, PAN card, passport, voter’s id
• Proof of residence or current address proof
• Couple of passport size photographs

Mostly, SBI requires you to self-attest these documents and to carry the original documents for cross-verification during account opening.

Check PPF Calculator at > PPF-Calculator.com

Types of PPF Calculators

There are seven main types of calculators which help people to calculate 6 different types of computations pertaining on PPF and based on usage and the other elements when using the calculator.

1. PPF fixed monthly investment calculator: This tool helps individuals to calculate their payable amount for contributing towards PPF on a monthly basis. The tool requires individuals to enter the month of opening the account, financial year of opening PPF account, fixed monthly investment or deposit and finally requires individuals to submit the details.
2. PPF fixed yearly investment calculator: This tool helps individuals to calculate their payable amount for contributing towards PPF on a year on year basis, as the PPF interest rates do keep changing over time. The main details required on this tool includes financial year of opening the PPF account and fixed annual investment or deposit.
3. PPF variable yearly investment calculator: The variable yearly investment calculator requires individuals to enter basic information which includes financial year and amount deposited for each year. Also, the financial year of opening the PPF account has to be entered.
4. PPF Benefits Calculator: This PPF Calculator involves various elements that include fixed annual contribution, interest rate in that year, age group of the individual. Total income of the individual. Then for the main benefits the following has is displayed:
1. Tax free income
2. Income Tax liability before investment
3. Income Tax liability after investment
4. Annual tax savings and,
5. total tax saving in 15 years

PPF Calculators

PPF calculators take into account the changes in interest rate from the month and year of change. The calculators also show year-wise cumulative deposit, cumulative interest and cumulative interest to cumulative deposit ratio. Therefore, the calculators available on this page are one of the most comprehennsive and accurate PPF calculators available online.

We shall be glad to receive your feedback and / or suggestions to make the calculators more user friendly.

PPF Calculator 2016

• PPF or public provident fund is an attractive investments scheme as it is one of the very few savings instruments in India that offer triple exemption under income tax or the exempt-exempt- exempt (EEE) treatment:
  • Income tax benefit under Section 80C on invested amount (subject to overall limit of Rs. 150,000/- under 80-C)
  • Totally exemption on income or 100% tax free interest on PPF scheme
  • Maturity proceeds totally exempt from income tax

The PPF Interest rate for 2013 which was 8.7% was applicable for the year 2013 – 2014, however, ppf interest rate 2014-15 is unaltered and is kept at 8.7%. Here is a PPF Calculator2014 Online chart . But to create interest among people in India to start investing in PPF, I’ve created a chart that will show the amount to be invested for the next 15 years starting from April 1st 2014 and what will be the projected ppf maturity amount at the end of March 31st 2029.