PPF Calculator - SBI & Post Office Interest Rates
Free PPF calculator to compare maturity amounts and interest earned for SBI and Post Office Public Provident Fund investments with different interest rates
PPF Calculator
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What is a PPF Calculator?
A PPF calculator is a free financial tool that helps you calculate the maturity amount and interest earned on your Public Provident Fund investments. It compares different interest rates between SBI and Post Office PPF accounts.
This calculator helps with:
- Investment planning - Calculate returns for different investment amounts
- Rate comparison - Compare SBI vs Post Office PPF interest rates
- Goal setting - Determine required investment for target maturity amount
- Tax planning - Plan investments within ₹1.5 lakh annual limit
- Long-term savings - Project 15-year PPF investment growth
PPF Investment Components
Your PPF investment calculation includes these key components:
Principal Amount
Your annual investment amount that grows over time.
Compound Interest
Interest earned on both principal and accumulated interest.
Annual Compounding
Interest calculated and credited at the end of each financial year.
Tax Benefits
Triple tax benefits under Section 80C and tax-free returns.
SBI vs Post Office PPF
SBI PPF
Online convenience, digital services, integrated banking. Best for tech-savvy investors.
Post Office PPF
Physical branches, personal service, additional post office schemes. Better for rural areas.
Similar Features
Both offer same interest rates, tax benefits, and 15-year lock-in period.
How to Use This PPF Calculator
Enter Annual Investment
Input your planned annual PPF contribution (₹500 - ₹1,50,000)
Select Duration
Choose investment period (1-15 years for PPF)
Choose Rate Type
Select SBI, Post Office, or enter custom interest rate
View Results
See maturity amount, total interest, and investment breakdown
Benefits of PPF Investment
- •Tax Benefits: Triple tax advantage under Section 80C, tax-free interest, and tax-free maturity.
- •Government Backed: Sovereign guarantee makes it one of the safest investment options in India.
- •High Returns: Competitive interest rates with annual compounding provide attractive returns.
- •Flexible Investment: Minimum ₹500 annual investment with maximum ₹1.5 lakh limit.
- •Loan Facility: Loan against PPF balance available after 3 years for emergencies.
Factors Affecting Your PPF Returns
1. Investment Amount
Higher annual investment = Higher maturity amount. Maximum ₹1.5 lakh per year.
2. Investment Duration
Longer investment period = Higher returns due to compounding effect.
3. Interest Rate Changes
Quarterly rate revisions can affect returns. Higher rates boost maturity value.
4. Compounding Frequency
Annual compounding provides steady growth. Early investments benefit more.
Frequently Asked Questions
Common questions about PPF investments and calculations
What is Public Provident Fund (PPF)?
PPF is a government-backed long-term savings scheme in India that offers tax benefits and guaranteed returns. It has a 15-year lock-in period with partial withdrawals allowed after 6 years.
What's the difference between SBI and Post Office PPF?
Both SBI and Post Office offer PPF accounts with similar features and interest rates. The main difference is convenience - SBI for online banking users, Post Office for those preferring physical branches.
How is PPF interest calculated?
PPF interest is compounded annually and credited at the end of each financial year. The interest rate is declared quarterly and remains fixed for the quarter.
What are the current PPF interest rates?
As of 2024, both SBI and Post Office PPF offer 7.1% annual interest rate. Rates are reviewed quarterly and can change based on government policy.
What is the minimum and maximum investment in PPF?
Minimum annual investment is ₹500, maximum is ₹1.5 lakh per financial year. Investments can be made in lump sum or monthly installments.
Can I withdraw from PPF before maturity?
Partial withdrawals are allowed after completion of 6th year from account opening. Full withdrawal is possible only after 15 years with premature closure penalties.
Are PPF investments tax-free?
PPF offers triple tax benefits: Tax deduction on investment (up to ₹1.5 lakh under 80C), tax-free interest, and tax-free maturity amount.
How to choose between SBI and Post Office PPF?
Choose SBI PPF for online convenience and digital services. Choose Post Office PPF if you prefer physical branches and have other post office financial products.