PPF calculator

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PPF Calculator

Powered by www.ppfcalculators.com
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Contents

• Introduction
• What is PPF Calculator
• PPF Interest Calculation
• PPF Loan Interest Calculation
• PPF Withdrawal Amount Calculation

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PPF introduction

• PPF is Public Provident Fund.
• PPF is saving as well as tax reduction account in
  India. 
•  It has started in the year 1968 by the National
  Saving Institute of the Ministry of Finance.
• The PPF Account can be opened by the individuals
  who are Residents of  India. Also, the elders can
  open PPF Account on behalf of the Minor child.
• People who are having PPF Account then they can
  invest a minimum amount of 500/- to the maximum
  of 1,50,000/-.
• The PPF Maturity period is 15 years. PPF Interest
  is fixed for this year i.e. 8.10
• From PPF Account you can withdraw the amount from
  the 7th financial year onwards. Also you have
  loan Facility from 3rd Financial year to the 6th
  financial year.

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PPF Calculator

• The PPF Calculator is a simple online tool which
  is used for calculating Interests, Maturity
  amount over the next 15 years.
• Generally, the PPF Calculator can be used to
  calculate the basic interest earned by PPF
  Account.
• By just entering the Amount then the calculator
  will show all details at a time.
• You can also quickly calculate PPF Rate of
  Interest, Account Balance, Loan and other details
  by the PPF Calculator.
• Here, we explained with the help of an example.
  So, carefully note all the details.

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• we take an example of investing 5000/- every year
  from 2016 to the last year 2030 (15th year). Then
  the closing amount of every year is calculated by
  PPF Calculator is explained in the below table.

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PPF Interest Calculation Process

• The starting balance will be zero.  When you
  deposit an amount of Rs.5000/-, then the closing
  amount will be Rs.5405/- i.e. (Closing amount
  deposit amount Rate of Interest)
• Deposit amount 5000/- Rate of Interest
  8.10 then  Interest 50008.10/100
•                            405/-
• Therefore the Closing amount will get by adding
  Deposit Amount and Rate of Interest. Thus, the
  closing amount at the end of the first year is
  Rs.5405/-.
• For remaining years also the same procedure will
  be done for calculating the year ending closing
  amount.

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PPF Loan Interest Calculation

• For your convenience,  we have taken a very
  simple example. If the investor invests 5,000/-
  in the first year i.e. from March 5th, 2016 to
  the March 5th, 2030 which is the last 15th year.
  Then the PPF Loan Interest calculation is below.
• According to the rules, the user can take a loan
  with the minimum of 25 of the balance that is
  available in the 1st year of the investor's PPF
  Account. Observe the below steps to get more
  clarity.
• Before going to the Loan Interest calculation, we
  will see that how much loan does the investor can
  make from the PPF Account.

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• A User who is having PPF Account can have
  the facility to take a loan from time period
  i.e.from 3rd year to 6th year. After that, there
  is no facility to take a loan.
• Next year i.e. 2018 is the 3rd year the investor
  will be eligible to apply for a loan.
• The Investor has opened his/her account on March
  5th, 2016. Then 2016-17  is the financial year.
• As earlier mentioned that Loan period is from 3rd
  year to till 6th year.
• Loan Amount for the Third year 25 of 1st year
  closing amount
• 5405 25/1001351/-
• 1351/-

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• Similarly,
• The Loan amount for the fourth year 25 of 2nd
  year closing amount
• Loan amount for the fifth year 25 of 3rd year
  closing amount
• Loan amount for the sixth year 25 of 4th  year
  closing amount

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PPF Withdrawal Amount Calculation

• By using the PPF Calculator it is very easy to
  calculate the PPF withdrawal amount. The people
  who are having PPF Account can withdraw
  the amount from the 7th financial year which is
  shown from the below table.
• The withdrawal amount for 7th financial year
  50 of 3rd year closing amount
• gt17564 50/100
• gt 8782/- this the withdrawal amount for the 7th
  year.
• The same procedure is followed for the remaining
  years also.
• The withdrawal Amount for 8th year   50 of  4th
  year closing amount.

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• The withdrawal Amount for 9th year   50 of  5th
  year closing amount
• Withdrawal Amount for the 10th year 50 of  6th
  year closing amount
• The withdrawal Amount for 11th year 50 of  7th
  year closing amount
• The withdrawal Amount for 12th year 50 of  8th
  year closing amount
• Withdrawal Amount for 13th year 50 of  9th year
  closing amount
• The withdrawal Amount for 14th year 50 of  10th
  year closing amount
• The withdrawal Amount for 15th year 50 of  11th
  year closing amount

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