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PPF Calculator - How to Calculate PPF

PPF manages to sound like a very complicated term but is not, it’s rather simply known as Public Provident Fund. It remains to be a tax-savings cum saving scheme introduced by the National Saving Institute of the Ministry of Finance that is under the Central Government. There is very little that is known about this institute but it does operate rather efficiently, as introducing these schemes has helped the general public a lot.

How PPF Works?

The goal of PPF is, basically, to provide savings in small amounts for people, to help them cultivate the habit of investment. It is the most basic type of investment, and the amount can be a minimum of Rs.500/- to a maximum of Rs.1, 50,000/-.

There is no limit on how many times one can invest, but as mentioned above, the investment amount can vary substantially and as per your choice. You can provide standing instructions to your desired bank to have a certain amount deducted every month in order to make it effortless and easy.

What is PPF Interest Rate?

The PPF interest rate is a maximum of 8% per annum. The advantages begin with the fact that the amount is completely tax-free and that the money is compounded annually. So every year you shall gain an appreciation of your deposited amount by means of compound interest, which is simply brilliant.

PPF Lock-in Period 

Yes! PPF scheme does have a lock-in period of 15 years. However, you can go for partial withdrawal from the 7th year if you need to. For this, you can check PPF balance online as well as offline. If your PPF account is in a bank and you have access to the Internet banking facility, you can simply log into your e-portal and go to the right option. In contrast, if you have a post office PPF account, then you need to visit that particular post office branch to check PPF balance.

How the PPF Interest Rate Calculated?

PPF interest rate is calculated on the minimum balance on the account of an individual between the 5th to the last day of each month. Therefore, in case an individual wants to deposit a large amount at any point of time of the year, s/he has to ensure that s/he make an investment before or on the 5th of that month, allowing him/her to earn interest for the entire month.

How to Open PPF Account?

Well, it is as simple as opening any other account, you can approach any of the nationalized bank namely SBI, Bank of Baroda, etc. and ask them to open a PPF account in your name. They will ask you to open an account at their bank first, a post which you can proceed to open a PPF account with them.

You can look up these keywords on the internet SBI PPF, SBI PPF interest rate or PPF rules and you shall receive a list of search results that will provide you with what you are looking for. There are also other Privatized banks that are sanctioned to open a PPF account, such as HDFC, ICICI Bank, Axis, etc. The terms and conditions of PPF remain the same with them the only trade-off will be the higher minimum amount of balance that one will have to maintain in the account that has to open in these banks.

Let’s summarize all the facts mentioned above in order to give you a one-stop detailed list of all the discussed pointers.




PPF interest rate 2018


Scheme Duration

15 years premium

Minimum Deposit

Rs. 500

Maximum Deposit

Rs. 1,50,000

Number of Deposits Annually

A minimum of 1, maximum of 12

Number of Accounts per Person


Lock in period before withdrawal or displacement

15 years minimum

Extension of beyond the duration of the scheme

Five years post the scheme duration of 15 years

Contribution for tax savings under section 80C

Up to Rs. 1,50,000

Interest gained on the final amount

Completely tax-free


PPF Alternatives

ELSS basically taxes saving mutual funds are alternatives to PPF and are completely exempted from any kind of taxes. But the flip side of it is they are still very risky and depend on the current market conditions to get you the best rate of interest.

PPF Calculator

If you are investing your money in PPF (Public Provident Fund), then you must know how to calculate your PPF interest. All thanks to the finance scholars for introducing a calculator that solves all your PPF-related queries. Well known as PPF Calculator among the investors and financial experts, it is an online tool, using which you can estimate your PPF-related calculations, such as interest earned over the period of 15 years, how your investment grows or the maturity amount etc.

A Public Provident Fund Calculator is an online fiscal tool with the help of which you can perform several calculations pertaining to your PPF account. The PPF Calculator assists you in computing the PPF interest rate produced by your investment and the amount of maturity you will receive after 15 years.

PPF Calculator is usually user-friendly and very accurate financial tool. However, you will find several PPF calculators online. The changes in the PPF interest rate along with the month of change of the PPF interest rate during a fiscal are taken into account by the PPF calculator.

How to Calculate PPF?

The easiest way to calculate PPF is by simply discussing this matter with your banker when you are at the bank opening or contemplating on opening a PPF account. You can even consult us to get a better idea regarding the PPF.

If you still find visiting a bank a task and you are simply doing some window shopping, you can utilize a PPF calculator. There are many PPF calculators available online and at your disposal completely free of charge. You can search for PPF Calculator for from ICICI or SBI by looking up PPF Calculator ICICI, PPF Calculator for 25 years or PPF Calculator Excel sheet.

Going ahead you can also end up searching ELSS Calculator, Sukanya Samriddhi Calculator or PPF rules so that you get a better idea as to how and when one can manage their investments and make some provisions for depositing money in their PPF account.

Depending on your choice of duration you can easily calculate your PPF for the tenure of 15.

We suggest you discuss your PPF related investment decisions with someone who is well versed in these matters. To add it to all we also suggest you examine the returns and rate of return correctly and keep a tab of all the investments you end up making over a period of time so that you are sure regarding the returns that you may receive.

There is also the part that explains the terms and conditions of withdrawal in detail; it is very important for one to have a look and remember the lock-in period and the period from when you can partially withdraw some amount of the money. It is in the terms and conditions and differs from bank to bank; one can partially withdraw a small sum of money after a lock-in period of 6-7 years.

Most importantly when you are opening the account, it is the account holders’ responsibility to ensure the details given are legitimate and not fraudulent in any way. As any misconducts will hold the account holder responsible and in contempt. The same might also reflect in the account holder's credit history which will hamper future financial-related decisions.

 Types of PPF Calculators

There are seven types of calculators which assist individuals to compute 6 various types of calculations pertaining to PPF. They are as follows:

  • PPF fixed monthly investment calculator
  • PPF fixed yearly investment calculator
  • PPF variable yearly investment calculator
  • PPF benefits calculator
  • PPF available loan calculator
  • PPF available withdrawal calculator
  • PPF maturity calculator

PPF Fixed Monthly Investment Calculator

The PPF Fixed Monthly Investment Calculator is a tool which assists the individuals to compute the amount to be paid by them for contributing towards PPF monthly. The individuals are required to enter the prerequisite details like the month of opening PF account, fiscal year to open the account, fixed monthly deposit or investment and submit these details.

PPF Fixed Yearly Investment Calculator

The individuals can compute the amount to be paid by them for contributing towards PPF on yearly basis with the help of PPF fixed yearly investment calculator, as the PPF interest rate keeps on changing over time. The individual is required to enter the necessary details such as the fiscal year to open the PPF account and the fixed annual deposit or investment.

PPF Variable Yearly Investment Calculator

The individual is required to enter the prerequisite details including the fiscal year and the sum deposited for every year. Moreover, the financial year to open the PPF account is to be entered.

Benefits OF PPF Calculator

The PPF benefits calculator comprises of several components including PPF interest rate in that particular year, fixed annual contribution, and the age group along with the total income of the individual. The main benefits include:

  • Income tax liability before investing
  • Annual tax savings
  • Tax-free income
  • Income tax liability after investing
  • Total saved tax in 15 years

PPF Loan Calculator

The PPF loan calculator assists in computing the permissible amount of loan, approximately. In order to compute this, the individual is required to enter the balance in the account.

PPF Withdrawal Calculator

PPF contributors are allowed the withdrawals, once in one year from their PPF account after the completion of five years from the end of the fiscal year in which the early deposits were made expire. In other words, this is available for withdrawal from the PPF account in the seventh year. The individual can compute both the amounts of withdrawal, before and after the extension, on this tool.

PPF Maturity Calculator

PPF maturity calculator assists the individuals in computing the time of maturity of their PPF amount for withdrawals.

PPF is an excellent type of investment, and every individual must consider this and take it up.

Written By: PolicyBazaar - Updated: 26 February 2021
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