PPF Calculator – Maturity, Interest, loan & withdrawal

PPF Calculator – Calculate maturity amount, Interest, Loan available and maximum withdrawal amount allowed, etc. instantly. This calculator can provide you all the details you need to know about Public provident fund (PPF).

You don’t need to use separate bank wise calculators like SBI PPF calculator, PNB PPF Calculator, India post PPF calculator, and HDFC PPF Calculator. The reason is that the scheme is designed by the Government of India and the features like maturity value, loan, interest, etc will not change irrespective of the institution where the Public Provident Fund is opened.

PPF Calculator – SBI / PNB / India Post / HDFC

Read More : Public Provident Fund (PPF) – Reference Guide

How to use Public Provident fund – Calculator

You can use the online calculator by providing following details.

PPF Calculator - how to use to calculate SBI HDFC ICICI India Post and PNB PPF
  • Tenure of the PPF account: The minimum period of the account is 15 Years and you can extend the period by five years at a time up to 50 years.
  • Frequency of deposit: You can deposit the amount to the account in yearly, half-yearly, quarterly and monthly mode. Select the mode from the menu.
  • Invested Amount: Deposit as per the mode selected has to be entered in the next field.
  • Interest Rate: This is the rate offered by the Government of India from time to time. You can find the latest interest rates for PPF scheme here.

On providing the data as mentioned above the yearly deposit amount, the total amount paid, likely maturity amount (at the current interest rate), total interest received, etc. are calculated and displayed instantly by the calculator.

Public Provident Fund
  • Click on the button provided to get a more detailed calculation for the values entered.
  • It will open a chart as shown below.
PPF Detailed calculation

How to understand the information in the online PPF Calculator

Six columns are provided in the detailed calculation. All the details you need to know about a PPF account is precisely arranged in this table.

  • Opening Balance: This is the amount available in the PPF account at the start of a particular year.
  • Amount Deposited: This is the amount available in the account at the end of the year which includes deposited amount and interest accrued.
  • Interest earned: Interest is calculated based on the balance in the account at the end of the previous year. Interest accrued get compounded on a yearly basis.
  • Closing Balance: Amount available in the account at the end of a particular year. The value is arrived by taking the sum of (a) amount available at the beginning of the year (b) amount deposited in the year and (c) Interest for the deposit in that year.
  • Maximum Loan: Loan facility is available from the 3rd financial year up to the 6th financial year. Up to a maximum of 25 percent of the balance at the end of the 2nd immediately preceding year would be allowed as loan. Such withdrawals are to be repaid within 36 months.
  • Maximum Withdrawal: Partial withdrawal can be done after the completion of 5 years without showing any reason and the maximum amount allowed is 50% of the balance available in the PPF account.

Tax rules applicable for PPF deposits, interest earned and withdrawals

PPF falls under the EEE (Exempt, Exempt, Exempt) method of taxation.

Tax benefits applicable for PPF deposits, interest earned and withdrawals
  • The first ‘exempt’ here means the investment done qualifies for income tax rebate u/s 80 C of the income tax act(up to Rs 1,50,000).
  • The second ‘exempt’ means the interest earned from the scheme is also exempt from taxation.
  • The third ‘exempt’ means the maturity amount is not taxed at the time of withdrawal.

All the withdrawals from PPF including premature withdrawal and partial withdrawal are exempt from taxation.  Contributions to PPF accounts of the spouse and children are also eligible for the tax rebate u/s 80C.

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