The State Bank of India (SBI) offers the Public Provident Fund (PPF) scheme as a part of its range of savings products. PPF is a popular long-term savings scheme introduced by the Government of India , designed to offer security and attractive interest rates along with tax benefits. SBI PPF Calculator helps in the easy computation of returns the account holder will receive after the completion of scheme tenure.
High ReturnsGet Returns as high as 17%*
Zero Capital Gains taxunlike 10% in Mutual Funds
Save upto Rs 46,800in Tax under section 80 C
PPF Rate of Interest (Yearly)
The Public Provident Fund (PPF) is a long-term savings and investment scheme launched by the Government of India to encourage individuals to invest their savings and earn decent returns along with tax benefits at the end of the tenure.
PPF allows investors to build a substantial financial corpus with minimal risk involved. The interest rate on PPF is revised every quarter and is applicable across all public and private banks. As of now, the current Public Provident Fund Interest Rate is 7.1% per annum.
An SBI PPF calculator is a handy online tool that helps you calculate the amount you will receive on the maturity of your PPF account based on the contributions you make over the tenure of the investment.
You need to contribute a minimum sum annually until the PPF investment reaches maturity. It is possible to withdraw your funds before maturity, subject to specific conditions, or you may choose to extend the tenure of your account following its maturity. You can use the SBI PPF calculator available online to calculate your returns on investments.
The benefits of the PPF calculator SBI are:
Tells how much you need to invest to reach your goal.
Shows your total investment at the end of the term based on current contributions.
Tells the interest you'll earn at maturity.
Shows the total amount you'll receive at maturity.
Suppose Mr. Rohit invests Rs.10,000 for 15 years in the PPF account. The following table shows the total interest receivable by Mr. Rohit and the loan and withdrawal amount eligibility related to the investment. (note that the interest rate is rounded off to 8% here).
Here is how the SBI PPF Calculator works:
|Years||Opening balance||Deposited Amount||Interest earned||Closing balance||Maximum loan availed||Maximum withdrawals made|
|1st year||Rs. 0||Rs. 10000||Rs. 800||Rs. 10800||0||0|
|2nd year||Rs. 10800||Rs. 10000||Rs. 1664||Rs. 22464||0||0|
|3rd year||Rs. 22464||Rs. 10000||Rs. 2597||Rs. 35061||Rs. 2700||0|
|4th year||Rs. 35061||Rs. 10000||Rs. 3605||Rs. 48666||Rs. 5616||0|
|5th year||Rs. 48666||Rs. 10000||Rs. 4693||Rs. 63359||Rs. 8765||0|
|6th year||Rs. 63359||Rs. 10000||Rs. 5869||Rs. 79228||Rs. 12167||0|
|7th year||Rs. 79228||Rs. 10000||Rs. 7138||Rs. 96366||0||Rs. 17531|
|8th year||Rs. 96366||Rs. 10000||Rs. 8509||Rs. 114875||0||Rs. 24333|
|9th year||Rs. 114875||Rs. 10000||Rs. 9990||Rs. 134865||0||Rs. 31680|
|10th year||Rs. 134865||Rs. 10000||Rs. 11589||Rs. 156454||0||Rs. 39614|
|11th year||Rs. 156454||Rs. 10000||Rs. 13316||Rs. 179770||0||Rs. 48183|
|12th year||Rs. 179770||Rs. 10000||Rs. 15182||Rs. 204952||0||Rs. 57438|
|13th year||Rs. 204952||Rs. 10000||Rs. 17196||Rs. 232148||0||Rs. 67433|
|14th year||Rs. 232148||Rs. 10000||Rs. 19372||Rs. 261520||0||Rs. 78227|
|15th year||Rs. 261520||Rs. 10000||Rs. 21722||Rs. 293242||0||Rs. 89885|
To use Policybazaar's PPF Calculator, follow these simple steps:
Input your monthly investment amount.
The PPF Rate of Interest is usually auto-filled in the calculator.
Enter the total number of years you plan to invest in the PPF account.
The PPF Calculator SBI will then instantly calculate your total investment amount, the interest earned till date, and the maturity amount at the end of the tenure.
You can also explore other investment plans available on Policybazaar to find options that offer good returns.
Some of the advantages of using an SBI PPF Calculator are:
Hassle-free results in comparison to manual calculations.
Accurate results with minimum basic details.
Shows the returns you will get according to your investment
Guides how much investment should be made to achieve a desirable maturity amount.
*All savings are provided by the insurer as per the IRDAI approved insurance plan.
*Tax benefit is subject to changes in tax laws. Standard T&C Apply
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