PPF Calculator
Plan your long-term savings with our PPF Calculator. Whether you’re salaried, self-employed, or looking for a secure investment, estimate your PPF maturity amount and make informed financial decisions.
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About PPF Calculator
The Public Provident Fund (PPF) is a popular long-term investment option backed by the Government of India, offering attractive interest rates and returns that are fully exempt from tax. It was introduced in 1968 to mobilize small savings by offering an investment with decent returns coupled with income tax benefits.
The PPF calculator is a handy tool designed to help you estimate the future value of your PPF investments. By inputting your yearly investment amount, the current interest rate, and the duration of your investment, the calculator provides you with an accurate estimate of your maturity amount. This helps you plan your finances more effectively and make informed investment decisions.
- Interest Rate: The interest rate on PPF is set by the government and is subject to periodic changes. As of now, the interest rate is 7.1% per annum.
- Tenure: The duration of the PPF scheme is 15 years. It can be extended in blocks of 5 years after maturity.
- Investment Limits: The minimum investment amount is ₹500 per year, and the maximum is ₹1,50,000 per year. Investments can be made in lump sum or in installments.
- Tax Benefits: PPF contributions are eligible for tax deductions under Section 80C of the Income Tax Act. The interest earned and the maturity amount are also exempt from tax.
- Risk-Free: Being a government-backed scheme, the PPF is a risk-free investment option with guaranteed returns.
A PPF account can be opened at any post office or authorized bank branch. The process is simple and requires basic KYC documents like identity proof, address proof, and a passport-sized photograph.
Partial withdrawals are allowed from the 7th year onwards, subject to certain conditions. Additionally, account holders can avail loans against their PPF balance between the 3rd and 6th year.
The PPF is an excellent investment option for individuals looking for a safe and secure way to grow their savings over the long term. With its tax benefits, attractive interest rates, and government backing, it remains a preferred choice for many investors.