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PPF Calculator

₹
Yr
Rate of interest p.a
7.1%
Total invested₹ 75,000
Total interest₹ 60,607
Maturity value₹ 1,35,607
Invested amountTotal returns

Public Provident Fund or PPF is one of the most popular tax-saving investment schemes in India. Backed by the Government of India, the PPF option is perfect for those who are looking for risk-free returns. Our PPF calculator is suitable for those who are planning to invest in PPF and are not sure how much to invest or how much returns you might get after investing a certain amount.

How Does Our PPF Calculator Work?

Our PPF calculator works on the below formula:

A = P * ( ( ((1 + i)^n) - 1) / i) * (1 + i)

Where,

A is the maturity amount you get from your investment
P is the principal amount invested by you in the PPF account
i is the expected interest rate of return on the PPF scheme
n is the tenure for which the amount is invested in the PPF scheme

Example:

Mr. Prathap pays an annual amount of ₹1.5 lakhs in his PPF investment at the current interest rate of 7.1%. After 15 years, Prathap will get a maturity amount of ₹40,68,209. During the 15 years, he will be making a total investment of ₹22,50,000 and the investment amount will gain a wealth of ₹18,18,209.

The calculation would look like below:

A = 1,50,000*(( ((1+0.071) ^ 15) - 1) /0.071)*(1+0.071)
Maturity amount, A = ₹40,68,209

How Should You Use Koshex PPF Calculator?

Here is a step-by-step guide on how to use the Koshex PPF Calculator.
Step 1: Enter the amount you will be investing per annum in PPF. Please note that the maximum amount you can deposit in the PPF account is ₹1.5 lakh per financial year.
Step 2: Choose the number of years you wish to invest money in PPF. This could range from 15 years to 50 years.
Step 3: Click 'Submit' and our calculator will automatically calculate the maturity value from the details provided by you in the calculator.

Benefits Of Using Koshex PPF Calculator

Some of the advantages of Koshex's PPF calculator are as below:

  • The Public Provident Fund calculator uses minimal effort
  • This PPF calculator saves time, as you can calculate the maturity amount in a couple of seconds
  • The EMI calculator is accurate, so you will get error-free results
  • You will be able to plan your finances better with our calculator

Once the application is processed, the current bank/post office will arrange to send the original documents like a certified copy of the account, the account opening application, nomination form, specimen signature, etc. to another bank branch address given by the customer, and a cheque / Demand Draft (DD) for the outstanding balance in the PPF account.

PPF Calculator - FAQs

Who can open an account under the PPF scheme?
Any individual or individual as guardian of a minor can open the account. Also, only one account can be opened by an individual in his/her/their own name(s). Meanwhile, Hindu Undivided Families and Non-Resident Indians are not eligible to open a PPF account.
What is the minimum and maximum amount that can be invested under the PPF scheme in a financial year?
The minimum deposit amount is ₹500 per annum and the maximum amount that can be deposited is ₹1,50,000 per annum.
What is the maturity period of a PPF account?
The lock-in period of a PPF account is 15 years from the date of opening.
Is the nomination facility available under the PPF scheme?
Yes. The PPF scheme facilitates nominations of one or more people. However, no nomination(s) is possible in the case of a minor account.
Can I continue depositing in my PPF account after 15 years?
You can extend the maturity of your PPF account after the 15 years block-in period by submitting an application. Your PPF account can be extended for a block of 5 years.
When can I withdraw money from my PPF account?
You can withdraw the full amount from your PPF account after the lock-in period of 15 years. You can withdraw a partial amount before the maturity period from the 7th financial year, of an amount that does not exceed 50% of the balance of the customer credit at the end of the fourth year immediately preceding the year of withdrawal or the amount at the end of the preceding year, whichever is lower.
Can I get a loan against my PPF account?
Yes. You can get a loan against your PPF account from the 3rd financial year up to the 5th financial year.
Can I close my PPF account before the maturity period?
You can choose for premature closure of your PPF account after the completion of 5 years for medical treatment of family members and your higher education. In case of premature closure, you are required to pay 1% of your balance amount as a penalty to the bank.
What will happen if I fail to deposit any amount in my PPF account for one or more financial years?
A penalty of ₹50 will be charged per year of default if you haven't deposited the minimum deposit amount of ₹500 on the completion of the financial year.
Can I close my PPF account before maturity?
No. PPF accounts do not allow premature withdrawals. Only in the case of the death of a customer, their nominee / legal heir can close the account by submitting the required documents as guided by the Ministry of Finance.
Can I transfer my existing PPF account maintained with another bank/post office to a different bank?
Yes. You can transfer your PPF account from one authorized bank or post office to another bank. In order to do so, you need to approach the bank or the post office where your current PPF account is held and make an application for the transfer of your PPF account to another bank's branch.