About PPF Calculator
The Public Provident Fund (PPF) is a long-term investment scheme backed by the Government of India. It offers an attractive interest rate and tax benefits under Section 80C of the Income Tax Act. Our PPF calculator helps you calculate:
- The maturity amount of your PPF investment
- The total interest earned over the investment period
- Year-by-year breakdown of your investment growth
How to use this calculator
- Enter your yearly investment amount (between ₹500 and ₹1,50,000)
- Set the interest rate (current PPF rate is 7.1% p.a.)
- Specify the investment period (minimum 15 years)
- Select your investment frequency
- Click "Calculate" to see your results
Key Features of PPF
- Tax Benefits: Investments in PPF qualify for tax deduction under Section 80C of the Income Tax Act.
- Tax-Free Returns: The interest earned and the maturity amount are completely tax-free.
- Sovereign Guarantee: PPF is backed by the Government of India, making it one of the safest investment options.
- Loan Facility: Loans can be taken against PPF from the 3rd financial year up to the 6th year.
- Partial Withdrawal: Partial withdrawals are allowed from the 7th financial year onwards.
- Extension Option: After the 15-year maturity period, you can extend your account in blocks of 5 years.
PPF Calculation Formula
The interest on PPF is calculated on the monthly balance using the formula:
Monthly Interest = (Monthly Balance × Interest Rate) / 12
The interest is credited to the account at the end of each financial year (March 31st).