HDFC Bank PPF Calculator

What is PPF and How Does the PPF Work?

The Public Provident Fund (PPF) is a long-term savings and investment instrument in India, introduced by the National Savings Institute of the Ministry of Finance in 1968. The primary purpose of the PPF is to help individuals make small savings over a long period, providing them with a lump sum at retirement or for any other long-term financial goal. It is particularly popular due to its safety, returns, and tax benefits.

Contributions to the PPF account are eligible for tax deductions under Section 80C of the Indian Income Tax Act, and the interest earned is also tax-free. This makes the PPF an attractive tax-saving investment. 

HDFC PPF Calculator

PPF Calculator HDFC is an online financial tool that helps you calculate your PPF returns easily without any complicated calculations. The returns are calculated considering the fixed contributions made by the investor for a pre-defined period of time in the HDFC PPF scheme. It is important to note that the PPF account comes with a tenure of 15 years and cannot be closed before the lock-in period. However, partial withdrawals can be made after the 7th year of the PPF scheme.

HDFC PPF Calculator Formula

How to Use Policybazaar’s HDFC PPF Calculator?

To use Policybazaar's PPF Calculator HDFC, follow these simple steps:

• Input the monthly investment amount you plan to contribute.

• The calculator should already have the PPF interest rate filled in.

• Mention the investment period for your PPF account.

• Upon entering these details, the calculator will display the total investment, the interest accumulated to date, and the total sum you will obtain at the end of the maturity period.

You can also explore other investment plans available on Policybazaar to find options that offer good returns.

Plan better with: SIP Calculator

Benefits of HDFC PPF Calculator

Some of the advantages of using a PPF Calculator HDFC are:

• Hassle-free results in comparison to manual calculations.

• Accurate results with minimum basic details.

• Guides how much investment should be made to achieve a desirable maturity amount.

HDFC PPF Interest Rate

Navigating your financial future requires smart investment decisions. HDFC PPF, or the Public Provident Fund, offers an attractive interest rate of 7.1% per annum, making it a sound choice for long-term savings. This tax-exempt investment scheme comes with a flexible lock-in period of 15 years, allowing you to plan for your future while enjoying the benefits of compounding. With a minimum deposit of just Rs. 500 and a maximum cap of Rs. 1,50,000 per financial year.