PPF (Public Provident Fund) is one of the most popular investment in India and rightly so. It’s safe, backed by Government and gives tax free returns. We have designed this Excel based calculator for PPF Withdrawal, Loan and Maturity which you can download.
This PPF calculator can calculate the maximum loan eligibility, partial withdrawal eligibility and the maturity value at the end of 15 years.
It takes the historical interest rates automatically depending on the financial year. The future years where the interest rates have not been declared takes the value of last declared rates.
You can download Excel based calculator below.
The PPF Calculator Excel looks like the figure below. You can change the values in Orange cells only.
You can input the account opening year. The year here is financial year. For e.g. 2001-02 means account opened between 1 April 2001 and 31 march 2002.
Next input is Annual contribution. If you contribute same amount every year as in the example below, it will automatically take those values across years. However if your contribution has varied over the years, you can change that in the “Amount Deposited” cells for each year.
Next editable field is “PPF Interest Rate” fields each year. The PPF Calculator Excel picks up values itself for years the interest rate is declared but you can give your own assumed values for future years. A point to remember the interest rate is declared every quarter now – so you can take the average of all 4 values and feed it against the financial year. This will give you approximate maturity amount, loan that you take against PPF and if you are eligible for Partial PPF withdrawal.
Following are the rules for Loan against PPF:
Small saving scheme sponsored by Government of India like Sukanya Samriddhi Account, PPF, Senior Citizens’ Savings Scheme are quite popular and rightly so because of the safety, higher interest rate offered among other things. We have built calculator for each of them where you can check the maturity amount, loan eligibility, partial withdrawal and more. Click on the links to get the relevant calculator
Sukanya Samriddhi Yojana Calculator
Senior Citizens’ Savings Scheme Calculator
Post Office Fixed Deposit (Time Deposit) Calculator
Do you know how much tax you need to pay for the year? Have you taken benefit of all tax saving rules and investments? Should you use the “NEW” tax regime or continue with the old one? In case you have all these questions just Download the Free Excel Income Tax Calculator for FY 2021-22 (AY 2022-23) and get your answers.
PPF stands for Public Provident Fund and is part of small savings scheme by Government of India. This instrument was designed for everyone to save for their long term goals like retirement.
The PPF calculator is excel based and is easy to use. You need to input the investment year, annual contribution amount and the calculator gives you the maturity amount. In case you do not have equal contribution across all years, you can manually edit each year’s contribution. Also you need to provide interest rate for future years as the calculator assumes the last declared interest rate for all future computations.
The PPF interest rate is declared on the first day of every quarter of the year on January 1, April 1, July 1 and October 1 and is valid for that quarter. So yes interest rate on PPF changes even after you have opened your PPF account.
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Sir, is there any upper limit of maturity value of this account
There is only limit for investment in a financial year and no upper limit on maturity value of PPF.
Sir May i get max. amt.to credit money in P.P.F. and what amt.install ment
Sorry Niranjan I could not understand the question. But if you are asking the maximum amount you can deposit in PPF - it's 1.5 Lakhs every financial year and yes you can deposit this entire amount in 1 installment.
sir if I invest 100000 in PPF at the end of the year on 31st march and continue in same way till maturity then how much will I get?
sir I got 3117275 if invested on 1st april in the beginning of every year and 3217275 if invested at the end of every year on 31st march. Is it correct?
Yes you may be right as I had given an back of the envelop approximate figure.The difference in both the figures is because in case of April 1, you are putting your money for 11 months more.
Assuming interest rate of 8.7% for every year and maturity period of 15 years you would get approximately Rs 30.5 lakhs on maturity on deposit of Rs 1 lakh every year.