PPF Calculator

Currently, PPF Interest for 1st April, 2022 is 7.10%. The interest rate for the Public Provident Funds scheme has been the same since 1st April, 2020. The table below mentions the Interest Rate history beginning from 1986 to the current financial year.

SBI PPF is a government-regulated PPF account scheme, which is distributed through SBI branches. SBI PPF deposits allow a maximum limit of ₹ 1.50 Lakh per annum, for a maximum tenure of 15 years. Currently, the interest rate offered by SBI on a PPF account is 7.10%.

You can invest in ICICI PPF account ranging from ₹ 500 to ₹ 1.50 Lakh in a financial year using various methods such as cash, cheque or online through an ICICI savings account. Current ICICI PPF interest rates, last updated on 1st April, 2022 is 7.10%.

You can invest in an HDFC Bank PPF account by getting Form A from the HDFC Bank or downloading it from the official website by investing a minimum deposit of ₹ 500. As per the current rates, HDFC Bank PPF Interest Rates is 7.10%

You need to invest a minimum of ₹ 500 in your India Post Office PPF account and can deposit upto ₹ 1.50 Lakh in a financial year.PPF account interest rates are determined quarterly and currently, PPF Interest Rates on the India Post Office PPF account is 7.10%

PPF Calculator is an online tool that helps you calculate the returns on your investments. You can know about the interest earned and the maturity amount you will receive at the end of your investment tenure. The returns will be dependent on Public Provident Fund Interest Rates, the principal amount for investment and investment tenure etc.

The maturity period of PPF account is 15 years from the date of opening. Thereafter, you can extend its maturity by submitting an application. You can extend your PPF account for a block of five year.

• PPF Maturity and withdrawal Options
  Withdrawal from PPF is allowed after completion of 7 years from the date of first deposit subject to a maximum of 50% of the money available in the account. Complete withdrawal can be done only after maturity or on demise.
• Extension of your PPF account tenure with contribution
  In this option, you can extend your PPF account for a five-year block by submitting Form H in bank within one year from the date of maturity. You can deposit money during the tenure. After completion of five years, you can again apply for an extension as there is no limit to the number of extensions. However, you can withdraw only 60 percent of your account balance at the beginning of the extension period. The withdrawal is restricted to one time in a financial year.

You can avail loan from your Public Provident Fund account between the third and sixth financial year of opening an account for upto 25% of the balance at the end of the second year preceding the year you apply for the loan. Also, the bank charges interest on the loan at 1% more than the interest earned on deposits made in PPF accounts.

You must deposit a minimum of ₹ 500 every year to maintain your PPF account. If you fail to deposit the minimum amount, your PPF account will be deactivated and a penalty will be charged. To reactivate your PPF account you need to pay a penalty of ₹ 50 for each inactive year and ₹ 500 as each inactive year’s contribution.
In case of your demise, the amount will be handed over to your legal nominee even before maturity. However, your legal nominee is not eligible to continue your account.
If the balance in your PPF account is more than ₹ 1,50,000 your nominee will have to prove his/her identity to claim the amount.

• Government withdraws the decision to cut the interest rate of PPF

The government announced a huge cut in the interest rate of PPF and various other saving schemes on 31st March, 2021. The rates were reduced from 7.10% to 6.40%.

However, now the decision has been withdrawn stating it to be ‘Issued by Oversight’. For this quarter, from 1st April 2021, the rates of PPF will remain same at 7.10% and there is no rate change in other savings schemes like NSC, SCSS.