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PPF Calculator

Check PPF calculator details. PPF is saving as well as tax reduction account in India.<br>By using the PPF Calculator it is very easy to calculate the PPF withdrawal amount.

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PPF Calculator

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  1. PPF Calculator Powered by www.ppfcalculators.com

  2. Contents • Introduction • What is PPF Calculator • PPF Interest Calculation • PPF Loan Interest Calculation • PPF Withdrawal Amount Calculation Powered by www.ppfcalculators.com

  3. 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. Powered by www.ppfcalculators.com

  4. 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. Powered by www.ppfcalculators.com

  5. 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. Powered by www.ppfcalculators.com

  6. 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 = 5000*8.10/100                           = 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. Powered by www.ppfcalculators.com

  7. 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. Powered by www.ppfcalculators.com

  8. 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 * 25/100=1351/- • =1351/- Powered by www.ppfcalculators.com

  9. 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 Powered by www.ppfcalculators.com

  10. 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 =>17564 * 50/100 => 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. Powered by www.ppfcalculators.com

  11. 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 Powered by www.ppfcalculators.com

  12. Thank You For More Public Provident Fund Details subscribe to our Channel www.ppfcalculators.com Powered by www.ppfcalculators.com

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