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SBI PPF Calculator : Check Returns & Maturity of SBI Public Provident Fund

SBI Bank PPF Calculator for Investments. Current PPF Rate is 7.1%, w.e.f 1 st April 2020. Lock-in 15 Years. Calculate how much your PPF contribution would have grown to, using this calculator.

Explore other alternatives like ELSS funds and how it impacts the growth of your wealth.

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Please enter amount between 500 and 1,50,000
Please enter valid period between (15-50 Years)

Wealth Gained

Total Investment

Duration

Total Corpus Created

Table of contents

 

Mutual Funds better than PPF

Investing in ELSS funds recommended by Scripbox would get you returns of 12% p.a.

Here are the shortlisted funds by Scripbox

 

What is the Public Provident Fund (PPF)?

Public Provident Fund (PPF) is a long-term investment saving scheme that offers several benefits to investors like Government-backed returns, benefits under the Income Tax Act, loan facility, partial premature withdrawal, etc. Investors use it to build their retirement corpus by contributing a fixed amount every month or in lump-sum.

PPF works on an Exempt-Exempt-Exempt (EEE) tax-saving model. The contribution made by the investors is allowed as a tax deduction under section 80C of the Income Tax Act. Furthermore, the interest earned and the maturity proceeds are also exempt from tax at the time of withdrawal.

Opening a PPF account is easy and account opening facility is provided by nationalized banks, post offices, few private banks, and its branches

PPF saving scheme has a mandatory lock-in period of 15 years and the account cannot be closed during this time. However, partial withdrawals are allowed from the 4th year subject to certain conditions. An investor must ensure the KYC is completed by submitting documents required for identity proof such as aadhar card, PAN card etc

SBI PPF interest rate 2020

The PPF account interest is paid on the amount standing in the investor’s account. The PPF rate of interest is reviewed by the Ministry of Finance, Government of India every quarter and over the past several years the return has been witnessing a downtrend.

Below is a table summarizing the PPF rate of returns history:

Year

Time Period

Return (per annum)

2020-2021

April 2020 - June 2020

7.1%

2019-2020

January 2020 - March 2020

7.9%

October 2019 - December 2019

7.9%

July 2019 - September 2019

7.9%

April 2019 - June 2019

8.0%

2018-2019

January 2019 - March 2019

8.0%

October 2018 - December 2018

8.0%

July 2018 - September 2018

8.0%

April 2018 - June 2018

7.6%

2017-2018

January 2018 - March 2018

7.6%

October 2017 - December 2017

7.8%

July 2017 - September 2017

7.8%

April 2017 - June 2017

7.9%

2016-2017

October 2016 - March 2017

8.0%

April 2016 - September 2016

8.1%

2015-2016

April 2015 - March 2016

8.70%

2014-2015

April 2014 - March 2015

2013-2014

April 2013 - March 2014

2012-2013

April 2012 - March 2013

8.80%

 

How to use SBI PPF Calculator?

Our SBI PPF account calculator is an online tool that provides an estimate of interest earned, maturity value for a given amount invested and investment period. An estimation of the total corpus created at the end of the investment period helps you know whether the investment option chosen matched with your financial goal or not.

Steps to use the online PPF Calculator SBI:

  • Visit our website.
  • Enter the amount to be invested.
  • Enter the period of investment.
  • Once the above details are entered, the SBI PPF calculator will provide you the total corpus created at the end of the investment period.

Example

Mr. Arun wants to estimate the maturity amount for his yearly investment of Rs 25,000 for 15 years

He can quickly get an estimate by using our SBI PPF calculator 2020. The estimated maturity amount is Rs 733,107 and wealth gained is Rs 3,58,107

SBI PPF Investment Schedule

Below is the PPF schedule that an SBI PPF account plan calculator shows of opening balance, amount deposited, interest earned and closing balance if you invest Rs. 1,50,000 yearly for 15 years (assuming interest rate to be 7.9%)

Year

Opening Balance (Rs)

Amount deposited (Rs)

Interest earned (Rs)

Closing balance (Rs)

0

0

1,50,000

11,850

1,61,850

1

1,61,850

1,50,000

24,636

3,36,486

2

3,36,486

1,50,000

38,432

5,24,919

3

5,24,919

1,50,000

53,319

7,28,327

4

7,28,327

1,50,000

69,381

9,47,618

5

9,47,618

1,50,000

86,711

11,84,329

6

11,84,329

1,50,000

1,05,412

14,39,741

7

14,39,741

1,50,000

1,25,590

17,15,331

8

17,15,331

1,50,000

1,47,361

20,12,692

9

20,12,692

1,50,000

1,70,852

23,33,545

10

23,33,545

1,50,000

1,96,200

26,79,745

11

26,79,745

1,50,000

2,23,549

30,53,295

12

30,53,295

1,50,000

2,53,060

34,56,355

13

34,56,355

1,50,000

2,84,902

38,91,257

14

38,91,257

1,50,000

3,19,259

43,60,516

 

 

 

21,10,154

 

 

How the SBI PPF calculator helps you?

As per PPF rules, the investors can make an investment of a minimum Rs. 500 and up to a maximum of Rs. 1,50,000 in a year and claim the tax benefits for the same.

The investment can be made either monthly or in a lump sum. SBI PPF calculator helps you to estimate the returns according to the amount invested by you and the lock-in period selected by you. Accordingly

Below are a few benefits of the SBI PPF calculator:

  • Enables you to evaluate various cases with the change in investment amount.
  • Shows you the total invested amount according to the tenure.
  • It shows you the total interest earned after maturity.
  • Displays the total amount you will receive after the account matures.

 

What are the alternatives to PPF?

An investor must analyze the alternatives to the PPF scheme and choose the option that suits his investment goals. The investment goals which can be either long term like 15 years or short term say 5 years for a given lock-in period and returns expected

There are few alternative investment options like tax saving Bank FD, recurring deposits, ULIP, NSC, NPS, senior citizens savings schemes

Below is a comparison of all investment options. 

Scheme Plan

Lock-in period

Interest Rate

Tax Implication

Equity Linked Savings Scheme (ELSS)

3 years

12% annually (historical). Subject to market movements

Principal amount- 80C deduction Interest- 10% LTCG Dividend- 10% DDT

National Savings Certificate (NSC)

5 years

6.8 % p.a. (Compounded Annually)

Deduction on a deposit made up to Rs 1.5 lakh

Interest- Taxable at income tax slab rates subject to annuity

Unit Linked Insurance Plan (ULIP)

5 years

Subject to ULIP fund performance in the market

Principal amount- 80C deduction Interest-Tax-free

National Pension Scheme (NPS)

3 years

12% - 14%, depends on the type of scheme

Principal amount- 80C deduction Interest-Tax-free

Tax Saving Bank FD

5 years

Average FD Rates are 6.7%, FD rates differs bank to bank

Principal amount- 80C deduction Interest- Taxable

Recurring Deposits

6 months to 10 years

Average Deposit rates are 7%, Deposit rates differ bank to bank

Interest Earned taxable at applicable income tax slabs

Senior Citizens Savings Schemes (SCSS)

5 years

Low

7.40%

 

Should you invest in a Public Provident Fund or Fixed Deposits?

Both the investment options differ substantially, and has their own set of benefits and features

  1. The lock-in period is 15 years. Bank FD tenure ranges from 12 to 60 months. Bank FD provides a flexibility to choose the investment period.
  2. The PPF interest rate is set by the Government and Bank FD rates are set by the individual bank or NBFC. Bank FD rates is different for a regular investor and a senior citizen investor
  3. Average FD interest rate can be up to 7% depending on the bank, tenure and regular investor v/s senior investor. 

When it comes to flexibility, FD interest rate, lock-in period, fixed deposit provides a better investment option. However, that depends on the investment goal, financial objective and investor’s preference

Frequently Asked Questions