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

Mutual Funds better than PPF

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• Motilal Oswal Long Term Equity Funds
• Mirae Asset Tax Saver Fund

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 2021

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%
2019-2020	October 2019 – December 2019	7.9%
2019-2020	July 2019 – September 2019	7.9%
2019-2020	April 2019 – June 2019	8.0%
2018-2019	January 2019 – March 2019	8.0%
2018-2019	October 2018 – December 2018	8.0%
2018-2019	July 2018 – September 2018	8.0%
2018-2019	April 2018 – June 2018	7.6%
2017-2018	January 2018 – March 2018	7.6%
2017-2018	October 2017 – December 2017	7.8%
2017-2018	July 2017 – September 2017	7.8%
2017-2018	April 2017 – June 2017	7.9%
2016-2017	October 2016 – March 2017	8.0%
2016-2017	April 2016 – September 2016	8.1%
2015-2016	April 2015 – March 2016	8.70%
2014-2015	April 2014 – March 2015	8.70%
2013-2014	April 2013 – March 2014	8.70%
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 SBI PPF returns calculator:

• Visit our website.
• Enter the amount to be invested.
• Enter the period of investment.
• Once the above details are entered, the SBI PPF returns 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