Public Provident Fund (PPF) Calculator
About PPF Calculator
The Public Provident Fund (PPF) Calculator helps you estimate the maturity amount of your PPF investments over a fixed duration. It takes into account your yearly contributions and the applicable interest rate to project your total corpus at the end of the investment period.
How Does the PPF Calculator Work?
PPF offers compounded interest annually. With this calculator, you can enter the yearly investment, interest rate (usually fixed quarterly by the government), and the duration (up to 15 years or more with extension). The tool uses compounding to calculate the total maturity value and interest earned.
Benefits of Investing in PPF
- Safe and backed by the Government of India
- Tax deduction under Section 80C
- Interest earned is tax-free
- Long-term wealth creation with guaranteed returns
Frequently Asked Questions (FAQs)
1. What is the current PPF interest rate?
The PPF interest rate is revised quarterly by the Government of India. As of now, it stands at 7.1% per annum (compounded yearly).
2. What is the lock-in period for a PPF account?
The minimum lock-in period is 15 years, after which it can be extended in blocks of 5 years with or without further contributions.
3. What is the maximum and minimum amount I can invest in PPF?
The minimum yearly investment is ₹500 and the maximum is ₹1.5 lakh per financial year.
4. Is the PPF maturity amount taxable?
No, the maturity amount and the interest earned on PPF are completely tax-free under current tax laws.