PPF (Public Provident Fund) scheme was launched by the Central Government w.e.f. 1st July 1968. PPF is a favorite tax saving option of Indian tax payers because it provides tax benefits under section 80C of Indian Income Act, the interest earned in PPF account is not taxable and the investments under this scheme have no market related or other risks. Know more about PPF accounts.
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.
The account is opened during 1st April to 5th April.
In case of Yearly investments, the investments are made during 1st April - 5th April every year so that the investments qualify for interests for the whole year.
In case of Monthly investments, the investments are made during 1st - 5th of every month so that the investments qualify for interest for the month of investment.
Current Interest rate is applied for all future interest calculations.
PPF Actual Interest and Yearly Balance Calculator
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).
PPF Available Loan / Withdrawal Calculator
PPF account FAQs
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Who decides PPF Interest rate?
The PPF interest rate is notified by Central Government from time to time and is applicable to all authorised banks and post offices.
What is current PPF interest rate?
The current rate is 8.00% p.a. w.e.f. 01.10.2018.
What is history of PPF Interest rates?
The PPF interest rates since 01.04.1986 have been as under:
01.04.1986 to 14.01.2000
01.04.2013 to 31.03.2016
15.01.2000 to 28.02.2001
01.04.2016 to 30.09.2016
01.03.2001 to 28.02.2002
01.10.2016 to 31.03.2017
01.03.2002 to 28.02.2003
01.04.2017 to 30.06.2017
01.03.2003 to 30.11.2011
01.07.2017 to 31.12.2017
01.12.2011 to 31.03.2012
01.01.2018 to 30.09.2018
01.04.2012 to 31.03.2013
How PPF interest is applied and compounded?
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.
How PPF account maturity is calculated?
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).
What is extension of PPF 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.
What are tax benefits of investing in PPF account?
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.
What are special provisions relating to PPF accounts?
The balance in a PPF account is exempt from Wealth Tax it cannot be attached under a court decree.
What are risks of investing in PPF?
PPF (Public Provident Fund) is a No Risk investment scheme.