PPF is a scheme of the Central Government of India for the investment which not only generates guaranteed returns but also gives tax rebate under section 80C of Income Tax. PPF account can be opened for a minimum period of 15 years. Minimum deposit under this account is Rs 500/- and maximum is Rs 1.5 lakh per year.
Interest earned on the PPF account can be redeemed only after maturity. Loan and partial withdrawal are available facilities in PPF account.
With the help of following PPF Calculator, you can come to know about the maturity value of your investment. Please note that we have considered a fixed amount per year which is deposited before 5th of April every year in order to get maximum benefit of earning interest. We have also made the calculations based on prevailing interest rate offered by PPF i.e. 8.1% per year compounded annually for next 15 years.
This calculator also tells the loan amount and partial withdrawal of PPF amount.
2017 February 24 is a bank holiday in Chandigarh due to Mahashivratri.
2017 February 27 is a bank holiday in Sikkim due to Losar.
2017 March 03 is a bank holiday in Mizoram due to Chapchar Kut.
2017 March 12 is a bank holiday in Jammu And Kashmir due to Holi (Jammu Province Only).