SBI PPF Calculator

The State Bank of India (SBI) offers the Public Provident Fund (PPF) scheme as a part of its range of savings products. PPF is a popular long-term savings scheme introduced by the Government of India , designed to offer security and attractive interest rates along with tax benefits. SBI PPF Calculator helps in the easy computation of returns the account holder will receive after the completion of scheme tenure.

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Disclaimer: ^Section 80C allows annual deductions of up to ₹1.5 lacs from the taxable income. Section 10(10D) provides tax-free maturity benefits for investments of up to ₹2.5 Lacs/ year, on policies bought after 1 Feb 2021. Tax benefits and savings are subject to changes in tax laws. All plans listed here are of insurance companies’ funds.

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SBI Bank PPF Calculator

Monthly
Yearly

Monthly Investment

₹500 ₹12.5K

Enter Monthly Investment

PPF Rate of Interest (Yearly)

Rate of Interest (Yearly)

Time Period

15 Years 50 Years

Enter Time Period

Total Investment

Interest Earned

Maturity Amount

What is PPF?

The Public Provident Fund (PPF) is a long-term savings and investment scheme launched by the Government of India to encourage individuals to invest their savings and earn decent returns along with tax benefits at the end of the tenure.

PPF allows investors to build a substantial financial corpus with minimal risk involved. The interest rate on PPF is revised every quarter and is applicable across all public and private banks. As of now, the current Public Provident Fund Interest Rate is 7.1% per annum.

What is PPF Calculator SBI, and How is it Useful?

An SBI PPF calculator is a handy online tool that helps you calculate the amount you will receive on the maturity of your PPF account based on the contributions you make over the tenure of the investment.

You need to contribute a minimum sum annually until the PPF investment reaches maturity. It is possible to withdraw your funds before maturity, subject to specific conditions, or you may choose to extend the tenure of your account following its maturity. You can use the SBI PPF calculator available online to calculate your returns on investments.

The benefits of the PPF calculator SBI are:

Tells how much you need to invest to reach your goal.
Shows your total investment at the end of the term based on current contributions.
Tells the interest you'll earn at maturity.
Shows the total amount you'll receive at maturity.

Illustration to Show How SBI PPF Calculator Works

Suppose Mr. Rohit invests Rs.10,000 for 15 years in the PPF account. The following table shows the total interest receivable by Mr. Rohit and the loan and withdrawal amount eligibility related to the investment. (note that the interest rate is rounded off to 8% here).
Here is how the SBI PPF Calculator works:

Years	Opening balance	Deposited Amount	Interest earned	Closing balance	Maximum loan availed	Maximum withdrawals made
1st year	Rs. 0	Rs. 10000	Rs. 800	Rs. 10800	0	0
2nd year	Rs. 10800	Rs. 10000	Rs. 1664	Rs. 22464	0	0
3rd year	Rs. 22464	Rs. 10000	Rs. 2597	Rs. 35061	Rs. 2700	0
4th year	Rs. 35061	Rs. 10000	Rs. 3605	Rs. 48666	Rs. 5616	0
5th year	Rs. 48666	Rs. 10000	Rs. 4693	Rs. 63359	Rs. 8765	0
6th year	Rs. 63359	Rs. 10000	Rs. 5869	Rs. 79228	Rs. 12167	0
7th year	Rs. 79228	Rs. 10000	Rs. 7138	Rs. 96366	0	Rs. 17531
8th year	Rs. 96366	Rs. 10000	Rs. 8509	Rs. 114875	0	Rs. 24333
9th year	Rs. 114875	Rs. 10000	Rs. 9990	Rs. 134865	0	Rs. 31680
10th year	Rs. 134865	Rs. 10000	Rs. 11589	Rs. 156454	0	Rs. 39614
11th year	Rs. 156454	Rs. 10000	Rs. 13316	Rs. 179770	0	Rs. 48183
12th year	Rs. 179770	Rs. 10000	Rs. 15182	Rs. 204952	0	Rs. 57438
13th year	Rs. 204952	Rs. 10000	Rs. 17196	Rs. 232148	0	Rs. 67433
14th year	Rs. 232148	Rs. 10000	Rs. 19372	Rs. 261520	0	Rs. 78227
15th year	Rs. 261520	Rs. 10000	Rs. 21722	Rs. 293242	0	Rs. 89885

How to Use Policybazaar’s PPF Calculator?

To use Policybazaar's PPF Calculator, follow these simple steps:

Input your monthly investment amount.
The PPF Rate of Interest is usually auto-filled in the calculator.
Enter the total number of years you plan to invest in the PPF account.
The PPF Calculator SBI will then instantly calculate your total investment amount, the interest earned till date, and the maturity amount at the end of the tenure.

You can also explore other investment plans available on Policybazaar to find options that offer good returns.

Advantages of Using Policybazaar’s PPF Calculator

Some of the advantages of using an SBI PPF Calculator are:

Hassle-free results in comparison to manual calculations.
Accurate results with minimum basic details.
Shows the returns you will get according to your investment
Guides how much investment should be made to achieve a desirable maturity amount.

Invest & Save upto ₹46,800 per annum in tax

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FAQ's

How much will I get after 15 years in PPF?

It depends on how much you invest and the interest rate. Assuming you invest Rs. 5000 per year in PPF for 15 years at an interest rate of 7.1% per annum, you will get approximately Rs. 13989.82 after maturity.
Can I have 2 PPF accounts?

No, you can only have one PPF account.
Is SBI PPF tax free?

Yes, SBI PPF is tax free. Both the investment and the returns are tax-free.
What are the minimum and maximum limits of investment in the PPF account?

The minimum amount an investor needs to add annually in their PPF account is Rs. 500 whereas the maximum amount that can be invested in a year is Rs. 1,50,000.
How many contributions can be made to my SBI PPF Account in a year?

A maximum of 12 contributions can be made in a year and the amount shall not increase Rs. 1.5 lakhs.
What is the SBI PPF account tenure?

In general, the PPF account comes with a 15-year tenure. However, it can be extended in a series of 5 years after the 15-year maturity period.
Are there any tax benefits while making investments in PPF?

Yes, the PPF account allows the investor to claim tax benefits up to Rs. 1,50,000 annually under Section 80C of the Income Tax Act, 1961.
Are yearly deposits mandatory in the PPF account?

Yes. A minimum of Rs. 500 needs to be deposited annually in order to keep the PPF account active.

†Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. The sorting is based on past 10 years’ fund performance (Fund Data Source: Value Research). For a complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website, www.irdai.gov.in
*All savings are provided by the insurer as per the IRDAI approved insurance plan.
^The tax benefits under Section 80C allow a deduction of up to ₹1.5 lakhs from the taxable income per year and 10(10D) tax benefits are for investments made up to ₹2.5 Lakhs/ year for policies bought after 1 Feb 2021. Tax benefits and savings are subject to changes in tax laws.
¶Long-term capital gains (LTCG) tax (12.5%) is exempted on annual premiums up to 2.5 lacs.
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