Public Provident Fund (PPF)

Invest in a long term savings instrument offering tax exemption on both, principal as well as interest

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Public Provident Fund (PPF) Calculator

Looking for long-term investment plus tax-savings? Opt for Public Provident Fund (PPF) which gives tax benefits on the principal invested, interest earned and maturity amount. Additionally, you get guaranteed risk-free returns, with the option for partial withdrawal of your PPF corpus or availing a loan against it. You can also check your balance, transfer funds and view mini statements online, anywhere, anytime!.Using the PPF Calculator you can find out how much the amount will be at maturity - investment plus interest. You can select the amount you want to invest and the number of years you want to invest.

15
7.10%
Maturity Amount 10,50,000
Total Deposit 10,50,000
Total Interest 10,50,000

Interest Schedule

Frequently Asked Questions

  • What is PPF Account?

    Public Provident Fund Account or PPF Account is a government-sponsored savings scheme that offers stable and fixed returns, long-term investment opportunity and tax benefits. It is a secure investment that may be used for long-term needs such as children’s higher studies or your retirement corpus.

  • What are the benefits of PPF?

    Benefits of PPF include guaranteed and fixed returns; tax benefits at the time of initial investment, interest accrual and withdrawal and opportunity to invest for the long term.

  • How is the interest on PPF calculated?

    The interest rate on PPF is announced by the government every quarter. It is linked to the rates on government securities and changes accordingly. The interest on the PPF is calculated based on your balance in your account before the fifth of every month. So ideally, make your deposit before the fifth of the month to get maximum benefit. Any deposit made after that will not earn interest for that particular month. Currently, the rate on PPF is 7.1% for the July to September quarter of 2020.

  • What is the minimum lock-in period for PPF?

    The lock-in period is 15 years, and it can be extended in blocks of five years indefinitely. There is the option of partial withdrawal after 5 years, subject to conditions.

  • What is the minimum amount required to start investing in PPF?

    The minimum investment amount to start investing in PPF is Rs 500.

  • How much I will get in PPF after 15 years?

    That will depend on how much you have invested and the interest rate.

  • Is PPF investment is Tax-free?

    Yes. The investment in PPF up to Rs 1.5 lakh annually, the interest earned and the maturity amount are all tax-free.

  • What is PPF interest rate?

    It is linked to the rates on government securities and changes accordingly. It is announced by the government every quarter.

  • How is the PPF maturity period calculated?

    The maturity period is for 15 years from the end of the financial year when the first investment is done. For instance, if you made the first investment in June 2020, then your first full year of investment would be April 2021 to March 2022 and your account would mature in March 2036.

  • What happens if I miss my contribution for a year?

    If you miss making your contribution for a year, account will become dormant. You can make it active by paying minimum contribution of Rs. 500 and penalty of Rs. 50 for each year you missed making a contribution.

  • Can I invest in PPF online?

    Yes, you can invest in PPF online. For investing online, Axis Bank customers can visit Axis Bank Website (www.axisbank.com/ppf) and apply for PPF.

  • Can I open more than one PPF account?

    No. There can be only one PPF account per subscriber. But you can open a PPF account in your minor child’s name.

Disclaimer

  • The information provided in this calculator is not research material carried out by Axis Bank and it does not represent views of Axis Bank in any manner whatsoever.
  • The information contained in here is general information. Neither does it constitute any offer, invitation, recommendation or solicitation to any person to enter into any transaction described therein or any similar transaction with Axis Bank nor does it constitute any prediction of likely future movements. The information has not been prepared with regard to any person or group of persons' investment objectives, financial situation, experience or particular needs and the information should not be construed as investment or saving recommendation or advice.
  • The Bank accepts no responsibility and liability for any errors, omissions or inaccuracies in the information provided here. The Bank shall not be liable for any loss or damage arising directly or indirectly resulting from the use of information contained herein, or the inability to use such information or in connection with any error, imperfection, inaccuracy, mistake, defect, interruption, delay in operation or incomplete transmission, line or system failure.
  • Axis Bank, its affiliates/ group companies shall not be liable, responsible of answerable in any manner, for any kind of loss or damage that may arise to any person due to any kind of error in the information contained here or otherwise.
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