What is a PPF Calculator?
The Public Provident Fund (PPF) is a popular long-term savings scheme in India backed by the Government. Our PPF Calculator helps you determine the maturity amount and the total interest earned on your investment over a period of 15 years or more.
Benefits of Investing in PPF
- EEE Tax Benefit: PPF falls under the Exempt-Exempt-Exempt category. The invested amount, interest earned, and maturity amount are entirely tax-free under Section 80C.
- Risk-Free Returns: Since it is backed by the Government of India, the risk factor is zero.
- Compounding Power: PPF interest is compounded annually, which significantly boosts your savings over the 15-year tenure.
Frequently Asked Questions (FAQs)
1. What is the minimum and maximum investment in PPF?
The minimum investment is ₹500, and the maximum limit is ₹1,50,000 per financial year.
2. Can I withdraw money before 15 years?
Partial withdrawals are allowed from the 7th financial year onwards. Complete withdrawal is only possible upon maturity after 15 years.
3. Can I extend my PPF account after 15 years?
Yes, you can extend your PPF account in blocks of 5 years indefinitely, either with or without further contributions.