Online PPF Calculator (Public Provident Fund)

What is PPF?

Public Provident Fund (PPF) is a long-term savings scheme launched by the Government of India to provide tax benefits with small savings. It offers one of the safest investment options, which comes with guaranteed returns besides compounding power.

Key Features of PPF

Tenure: 15 years extendable in 5-year blocks.
Interest Rate: As decided by the government every quarter.
Minimum Investment: ₹500 per year.
Maximum Investment: ₹1.5 lakh per year.
Tax Benefits: Exempt under Section 80C, and interest earned is tax-free.
Loan Facility: It is available from the 3rd to the 6th year.
Partial Withdrawal: It is allowed from the 7th year onwards.

Why Should You Invest in a PPF?

PPF is an excellent investment for people looking for:

Risk-Free Investment – It is Government-backed security, which means there is no risk.
Tax-Free Returns – The maturity amount and interest earned are both tax exempt.
Compounding Growth – A long tenure is the best tool for wealth maximization.
Financial Discipline – Lock-in period always keeps savings disciplined.

What is a PPF Calculator?

PPF Calculator is an online handy tool that computes maturity based on yearly contributions, tenure, and interest rates. This will easily facilitate financial planning by giving a clear picture of how much wealth one may build over time.

How is the PPF Interest Calculated?

The formula that computes maturity amount in the case of PPF goes like this:

A=P x {(1+r)^n − 1/r}

Where,

A= Maturity Amount
P= Annual Investment
r = Rate of Interest per annum
n = Number of years

If you invest ₹1,50,000 p.a. for 15 years at an assumed rate of 7.1%, the total investment will be ₹22.5 lakh but the maturity amount will be around ₹40.68 lakh, due to compounding.

How to Open a PPF Account?

Opening a PPF account is uncomplicated, and it can be done at both banks and post offices. Opens a PPF account as follows:

Step 1: Where to Open the Account

You can get a PPF account opened at:

Major Banks – SBI, ICICI Bank, HDFC Bank, Axis Bank, etc.
Post Offices – It is available in all post offices across India.

Step 2: Documents Needed

Identity proof - Aadhaar card, PAN card, Passport or Voter's Identity Card
Address proof - Aadhaar card or utility bill, passbook of a savings account
Photograph - Recent passport-size
PAN Card - Because of tax compulsion

Step 3: Through the following sources submit your application form for the PPF:

You will get the form from the Bank/ post office
you can obtain the same via online if the facility of Banking is available for you.

Step 4 : Pay Minimum Requirement and Open Your Savings Account

Minimum investment is ₹500.
Maximum investment in a year is ₹1.5 lakh.
Payment can be made through cash, cheque, demand draft or online transfer

Step 5: Submit Documents

Submit the filled application form along with necessary documents attached
Bank/ Post Office will process it and provide a passbook or start allowing online tracking

Step 6: Keep Investing Periodically

You need to deposit at least once in a year for 15 years in order to maintain the account open.
Take the net banking, mobile banking, or auto-debit facilities for effortless deposit.

Withdrawal of Amount in PPF

1. Partial Withdrawal (From the 7th Year)

You can withdraw a maximum of 50% of the balance of the end 4th year before the date of withdrawal
Only one time withdrawal per year is allowed.
Form C to be filed in the bank/post office for withdrawing.

2. Premature Closure (After 5 Years)

This is allowed only for:

Medical emergencies of the account holder/family members
Higher education of the account holder
The interest which is earned will attract a penalty of 1%
A written request with attached documents.

3. Full Withdrawal (After 15 Years – Maturity)

After your PPF account finishes 15 years, you can withdraw the full amount tax-free.
Forward Form C to your bank/post office.
The amount will get credited to the linked bank account.

4. Extension After Maturity

You can extend the PPF account in blocks of 5 years, in case the money is not withdrawn.
Keep making deposits or simply opt for doing nothing and further contributions will be stopped .

Who Can Open a PPF Account?

Any citizen of India can open a PPF account.
Guardianship by parents: Minors are permitted to have a PPF account at their parents' cost.
NRIs are not permitted to open any new PPF accounts, but they can continue with the accounts till maturity.

How to Use the Equirus Wealth PPF Calculator?

Annual Investment Amount – amount that you want to invest per year
Rate of Interest – the prevailing PPF rate.
Investment Tenure- To be chosen is 15 years, but can choose more.
Click 'Calculate' – Get your estimated maturity amount right away.

Advantages of Using a PPF Calculator

Accurate Wealth Estimation – Know how much you will earn over time.
Better Financial Planning – Helps plan long-term savings goals.
Easy Comparisons – Test different contribution amounts for better results.