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Home Personal Finance PPF Calculator: Big news! Deposit Rs 10,000 every month, Gets a Rs...

PPF Calculator: Big news! Deposit Rs 10,000 every month, Gets a Rs 14.55 lakh only from interest, know here complete scheme

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Post Office Scheme: The maturity of the scheme is 15 years. A maximum of Rs 1.5 lakh can be deposited in a year. But, its special thing is that apart from lump sum investment throughout the year, it can also be invested month by month like Systematic Investment Plan (SIP).


Post Office Scheme: Mutual Fund SIP is such a tool, which increases your money in the long run. Whether the investment is small or big does not matter. Here such magic of compound interest works that your money doubles day and quadruple night. But, SIP is subject to market risks. That’s why you should put money in government schemes for safe investment. Here also investment can be made like SIP. You just have to do the planning. Public Provident Fund (PPF) is such a scheme of the post office, which gives huge long-term benefits.

Know about PPF

The maturity of the scheme is 15 years. A maximum of Rs 1.5 lakh can be deposited in a year. But, its special thing is that apart from lump sum investment throughout the year, it can also be invested month by month like Systematic Investment Plan (SIP). The annual interest in PPF is also higher than that of FD or RD. By investing a little in this, you can accumulate a huge fund for the future. The interest and maturity income received in this is also tax free.

PPF Calculator: Invest Rs 5000/Month

  • Monthly Deposit: Rs.5000
  • Total deposits in the year: Rs 60,000
  • Interest Rate: 7.1% compounding annually
  • Amount on maturity after 15 years: Rs 16.25 lakh
  • Total Investment: Rs 9 Lakh
  • Interest benefit: Rs 7.25 lakh

PPF Calculator: Invest Rs 10,000/month

  • Monthly deposit: Rs 10,000
  • Total deposits in the year: Rs.1,20,000
  • Interest Rate: 7.1% compounding annually
  • Amount on maturity after 15 years: Rs 32.55 lakh
  • Total investment: Rs 18 lakh
  • Interest benefit: Rs 14.55 lakh

Unique feature of PPF

  • In Public Provident Fund (PPF), a maximum of Rs 1.50 lakh can be deposited in a financial year.
  • Here the maximum investment can be made in 12 installments.
  • It is necessary to invest at least 500 rupees.
  • PPF is currently getting 7.1 percent interest annually. However, it is reviewed on a quarterly basis.
  • PPF account can also be opened in the name of a child below 10 years of age. Till he attains majority, the parents will take care of the account.
  • The maturity of the scheme is 15 years, but it can be extended for 5-5 years even after maturity.
  • Being a government savings scheme, the subscribers get complete security while investing in it. Sovereign guarantee is available on the interest earned.
  • Subscribers can take loan on PPF account at a cheaper rate of interest. Loan benefits can be availed from the opening of the account in the third and sixth years.

Benefit of tax exemption

Tax benefit is available under section 80C of the IT Act on the Public Provident Fund (PPF) account opened in the Post Office. A deduction of up to Rs 1.5 lakh can be taken on the amount invested in the scheme. Tax exemption is available on both the interest earned and maturity amount in PPF.

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