PPF Account is a favorite no risk tax saving investment option of Indian tax payers because of its tax benefit under section 80C and non-taxability of interest earned.
The PPF interest rate is notified by Central Government from time to time and is applicable to all authorised banks and post offices. The current rate is 8.00% p.a. w.e.f. 01.10.2018. The PPF interest rates since 01.04.1986 have been as under:
|Period||Interest Rate||Period||Interest Rate|
|01.04.1986 to 14.01.2000||12.00 %||01.04.2013 to 31.03.2016||8.70 %|
|15.01.2000 to 28.02.2001||11.00 %||01.04.2016 to 30.09.2016||8.10 %|
|01.03.2001 to 28.02.2002||9.50 %||01.10.2016 to 31.03.2017||8.00 %|
|01.03.2002 to 28.02.2003||9.00 %||01.04.2017 to 30.06.2017||7.90 %|
|01.03.2003 to 30.11.2011||8.00 %||01.07.2017 to 31.12.2017||7.80 %|
|01.12.2011 to 31.03.2012||8.60 %||01.01.2018 to 30.09.2018||7.60 %|
|01.04.2012 to 31.03.2013||8.80 %||01.10.2018 onwards||8.00 %|
The interest is payable on minimum balance available in the account from 5th to last day of month. The interest is applied on last day of the financial year and is compounded at yearly rests.
As per PPF Rules, PPF account matures after expiry of 15 years from the close of financial year in which the account was opened. Therefore, an account opened on say 10th October 2010, will mature on 1st April 2026 (after expiry of 15 years from the end of financial year in which the account was opened i.e. 31.03.2011) and not on 10th October 2025 (after expiry of 15 years from the date of opening of the account).
On the expiry of 15 financial years from the end of financial year in which the account was opened, a PPF account can be extended for a further period of five years at a time by submitting an application on Form H.
The investment made in a PPF accounts upto prescribed limits are eligible for relief under section 80C of Income Tax Act. The interest earned in a PPF accounts is exempt from Income Tax.
The balance in a PPF account is exempt from Wealth Tax it cannot be attached under a court decree.
PPF (Public Provident Fund) is a No Risk investment scheme.
Use PPF Calculators for all PPF calculations viz. estimated / actual Interest, Maturity Amount and Return on Investment for 15 / 30 years and available withdrawal / loan from PPF account during current financial year for accounts opened since 01.04.2000 in any authorised bank or Post Office. The calculators have updated interest rates upto 1st October 2018.
|Date of Maturity||Total Investment|
|Estimated Maturity Value||Return on Investment (ROI)|
|Chart : Year-wise Growth in PPF account|
|Presumptions made in calculations : View|
This calculator does not make any presumptions regarding date and month of opening of account and date and / or month of making investment. Therefore, the calculations are exact and accurate. Use this calculator to check and verify calculation of Interest and Yearly Balance of your PPF account for any year since 2000-01 on year to year basis. A click or tap on "Calculate for Next Year" button will automatically carry over the Closing Balance of this year as Opening Balance for the next year, change Financial Year and applicable Interest Rate(s).