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

PPF Calculator HDFC for Investments. Current PPF Interest Rate is 7.1%, w.e.f 1 st April 2020. Lock-in 15 Years. Calculate how much your Public Provident Fund(PPF) contribution would have grown to using this calculator. Explore other alternatives like ELSS funds and how it impacts the growth of your wealth.

ppf calculator hdfc

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What is the Public Provident Fund (PPF)?

The Public Provident Fund PPF scheme is a popular investment scheme that allows the investors to maintain a retirement corpus by contributing towards the account either by making monthly or lump-sum payments.

PPF scheme has a mandatory lock-in period of 15 years during which the investors cannot close their accounts. However partial withdrawals are allowed from the 7th year subject to certain conditions.

With the attractive interest rate that it offers, along with the tax benefits under section 80C of the Income Tax Act, PPF has become a safe-haven for investors. Furthermore, investors allowed the facilities of loans, an extension of account in blocks of 5 years, etc.

Below are few of the features of HDFC PPF account:

  1. It offers an attractive Interest Rate of 7.1% that is fully exempt from tax under Section 80C. The amount invested is allowed as a deduction, the interest earned and maturity amount is tax-free
  2. The rate of interest is dependent on the rates declared by the Government of India.
  3. Good long term investment for 15 years.
  4. The account can be extended for a block of 5 years after maturity.
  5. The minimum deposit amount of Rs 500/- and maximum of Rs 1,50,000/- in a Financial Year. Any amount invested above that will not qualify for tax benefits.
  6. If the minimum amount of Rs 500/- is not deposited in any financial year, a penalty of Rs 50/- will be charged.
  7. It provides the facility of issuing and updating the passbook to the customers
  8. It also provides the option for a loan facility and partial withdrawals. 50% of the balance can be withdrawn after the expiry of 5 years, excluding the first year itself.

HDFC 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.

As per PPF rules, the interest is calculated on a monthly basis but is credited to the HDFC PPF account at the end of the year on March 31st. PPF interest is compounded annually at the prevalent PPF interest rate of return

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

YearTime Period
Return (per annum)
2020-2021April 2020 – June 20207.1%
2019-2020January 20 – March 207.9%
2019-2020October 19 – December 197.9%
2019-2020July 19 – September 197.9%
2019-2020April 19 – June 198.0%
2018-2019January 19 – March 198.0%
2018-2019October 18 – December 188.0%
2018-2019July 18 – September 188.0%
2018-2019April 18 – June 187.6%
2017-2018January 18 – March 187.6%
2017-2018October 17 – December 177.8%
2017-2018July 17 – September 177.8%
2017-2018April 17 – June 177.9%
2016-2017October 16 – March 178.0%
2016-2017April 16 – September 168.1%
2015-2016April 15 – March 168.70%
2014-2015April 14 – March 158.70%
2013-2014April 13 – March 148.70%
2012-2013April 12 – March 138.80%

How to Use the HDFC PPF Calculator?

Our HDFC 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 HDFC:

  1. Visit our website.
  2. Enter the amount to be invested.
  3. Enter the period of PPF investment.

Once the above details are entered, the HDFC PPF calculator will provide you with the total corpus created at the end of the investment period.

Example

Mrs. Aditi wants to estimate the maturity amount for his yearly investment of Rs 12,500 per year for 15 years

She can quickly get an estimate by using our HDFC PPF calculator 2020. The estimated maturity amount is Rs 43,98,642 and the wealth gained is Rs 21,48,642.

HDFC PPF Investment Schedule

Below is the HDFC PPF investment schedule that an HDFC PPF investment calculator shows of opening balance, the amount deposited, interest earned and closing balance if you invest Rs. 1,00,000 yearly for 15 years (assuming interest rate to be 8.0%)

YearOpening Balance (Rs)Amount deposited (Rs)Interest earned (Rs)Closing balance (Rs)
00100,0008,000108,000
1108,000100,00016,640224,640
2224,640100,00025,971350,611
3350,611100,00036,049486,660
4486,660100,00046,933633,593
5633,593100,00058,687792,280
6792,280100,00071,382963,663
7963,663100,00085,0931,148,756
81,148,756100,00099,9001,348,656
91,348,656100,000115,8921,564,549
101,564,549100,000133,1641,797,713
111,797,713100,000151,8172,049,530
122,049,530100,000171,9622,321,492
132,321,492100,000193,7192,615,211
142,615,211100,000217,2172,932,428
   1,424,428 

How does the PPF Calculator HDFC help you?

PPF scheme calculator is a simple and handy tool that helps you calculate PPF returns you can earn by making a contribution towards PPF.

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. HDFC PPF calculator helps you calculate PPF estimated returns according to the amount invested by you and the lock-in period selected by you.

Below are a few benefits of the HDFC PPF calculator:

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

Frequently Asked Questions

Can a person have 2 PPF accounts?

As per PPF rules, one cannot open more than one PPF account and if someone still goes ahead and opens another account, he or she will not be eligible for any interest in the second account.

What happens if PPF closes?

Once the maturity period of 15 years expires, investors can partially withdraw the money from their PPF account. The amount standing to the credit of the account, including interest will be paid to the investors in their desired bank account.For making the partial withdrawal, Form C is required to be filled completely and submitted to the concerned branch where your PPF account lies.

Can i deposit in PPF twice a month?

The minimum and maximum investment in PPF account are Rs 500 and Rs 1,50,000 respectively in a financial year for claiming income tax benefit. Investments can be made twice a month but for computing the deduction under section 80C of the Income Tax Act, only 1,50,000 will be considered. However, it is beneficial to make the investment before the 5th of the month in order to claim the interest for the full month.

Can i pay PPF monthly?

Investments in PPF can be made either monthly or lump-sum. Investing a fixed amount monthly makes a strong disciplined habit and is also not heavy on the pocket. However, it is advisable to deposit the amount before the 5th of the month to claim the interest benefit for the entire month.