Public Provident Fund (PPF) Calculator
Calculate the maturity value of your PPF investments with this easy-to-use calculator.
Yearly Breakdown
All About Public Provident Fund (PPF)
What is PPF?
The Public Provident Fund (PPF) is a long-term savings scheme introduced by the Government of India. It offers attractive interest rates and tax benefits, making it one of the most popular savings instruments in India.
Key Features of PPF
- Tenure: 15 years (extendable in blocks of 5 years)
- Minimum Investment: ₹500 per year
- Maximum Investment: ₹1.5 lakh per year
- Interest Rate: 7.1% per annum (current rate, compounded annually)
- Tax Benefits: EEE (Exempt-Exempt-Exempt) status under Section 80C
- Risk: Government-backed, risk-free
Benefits of Investing in PPF
Tax Benefits
PPF investments qualify for deduction under Section 80C up to ₹1.5 lakh. Interest earned and maturity amount are completely tax-free.
Guaranteed Returns
PPF offers guaranteed, risk-free returns backed by the Government of India. The interest rate is reviewed quarterly.
Long-term Savings
With a 15-year tenure, PPF encourages long-term savings and wealth creation through compounding.
Loan Facility
You can take a loan against your PPF account from the 3rd to the 6th financial year of account opening.
How to Open a PPF Account
Visit a Bank or Post Office
You can open a PPF account at designated banks or post offices. Most major banks like SBI, HDFC, ICICI, etc., offer PPF accounts.
Fill Application Form
Fill Form 1 (Application form for PPF account) and provide necessary details like name, address, nominee details, etc.
Submit KYC Documents
Submit required documents like PAN card, Aadhaar card, address proof, and photographs along with the application form.
Make Initial Deposit
Make an initial deposit of at least ₹500 to activate your PPF account. You can deposit cash, cheque, or make an online transfer.
Documents Required
- PPF Account Opening Form (Form 1)
- PAN Card
- Aadhaar Card
- Address Proof
- Passport-sized Photographs
- KYC Form (if required by the bank)
Frequently Asked Questions
The current PPF interest rate is 7.1% per annum (as of Q2 2023). The interest rate is reviewed and set by the government every quarter.
No, an individual can have only one PPF account in their name. Opening multiple accounts is not allowed as per PPF rules.
Upon completion of 15 years, you can either withdraw the entire amount or extend the account indefinitely with or without further contributions in blocks of 5 years.
NRIs are not eligible to open a new PPF account. However, if you opened a PPF account while you were a resident in India, you can maintain it until maturity but cannot extend it beyond 15 years.
Yes, partial withdrawals are allowed from the 7th financial year onwards. You can withdraw up to 50% of the balance at the end of the 4th preceding year or the year immediately preceding the year of withdrawal, whichever is lower.