PPF Interest Rate

Below are interest rate and other the key PPF account details:

Below is the table for current PPF interest rate, including PPF interest rate 2020 21. To know how much savings you can build with your PPF account in the future, you can use the PPF calculator available online.

Currently, there are many banks in India that offer PPF account facility, including SBI PPF account, Bank of Baroda, ICICI Bank, Bank of India, Axis Bank, Indian Overseas Bank, Canara Bank, HDFC Bank, and so on. You can check SBI PPF interest rate and other banks’ PPF account interest before opening the account. To calculate your future savings, you can also use the Post Office PPF Calculator.

Additional Info: Check Best short-term investment plan with high returns in India.

You can open a SBI PPF Account with SBI. The account can fetch you an SBI PPF account interest rate of 7.10% per annum. There is no difference in the interest rate on PPF accounts of banks. State Bank of India PPF interest rate is the same like other banks as it is a government scheme and the rates are decided by the government only. You can use PPF Calculator SBI to calculate your savings beforehand.  

Open a PPF account with ICICI. The ICICI PPF interest rate is 7.10% per annum. To calculate your savings beforehand, you can use the PPF Calculator ICICI available online. If you compare PPF interest rate SBI vs ICICI, there is no difference as both the banks offer the same rate.

You can open a PPF account with HDFC Bank. The interest rates PPF can fetch you is 7.10% p.a. For getting an idea about how much you can save with the PPF account, you can make use of the PPF Calculator HDFC available online. The PPF account calculator gives you accurate details of your future savings.

If you are looking to open a savings deposit that can fetch you a lucrative interest amount, you can open a PPF Account in post office. The Public Provident Fund of PPF is one of the most popular and safest saving schemes in India. It is managed by the Central Government of India and that’s why the money in the PPF account and returns on it are guaranteed. You can open a PPF account with a minimum investment of just Rs. 500 per financial year. PPF interest and investment also offer the best tax benefits as they fall under the EEE (Exempt-Exempt-Exempt) category. This means that the money invested in PPF in a year is exempted from your taxable income under Section 80C for that year. Also, the post office PPF interest rate earned on your deposits and the accumulated amount are tax free. The PPF ROI is set and paid by the government every quarter. The current PPF interest rate 2021 for the first quarter of the year 2021-22, (from 1st July to 30th September 2021) is 7.1%.

If you are making investments in PPF, you would like to know about how much savings you can do during the investment tenure. With the PPF Interest Calculator, you can conveniently calculate the year-wise returns on your PPF account over a predetermined period. Since the PPF interest rate in India, maturity, taxation, and withdrawal policies are set by the government, you don’t need to use separate bank-wise calculators, such as PPF Account Calculator SBI, PNB PPF Calculator, PPF Interest Rate Calculator of ICICI Bank, Indian Postal PPF Calculator, HDFC PPF Calculator, etc.

You can use the PPF Maturity Calculator for instant online PPF maturity calculation. Here’s an example:

• Frequency of investment: Quarterly
• Quarterly deposit amount: Rs. 5,000
• Current rate of interest: 7.10%
• Duration or tenure of investment: 15 years
• PPF maturity amount using the calculator: Rs. 5,42,428

You can avail deductions or tax benefits for the money deposited in the PPF scheme under Section 80C of the Income Tax Act. The contributions made by you to the PPF accounts of your spouse and children are also eligible for tax deduction under the same section. PPF comes under the EEE or Exempt-Exempt-Exempt category of the tax policy which means that the principal amount, maturity amount, and the accumulated interest are exempted from taxes.

You can use the PPF calculator to calculate the PPF interest by entering the following data. The calculator provides the accurate PPF maturity value.

• Tenure: PPF account tenure can be minimum 15 years to maximum 50 years with the option of extension in blocks of 5 years.
• Deposit or payment frequency: You can choose the payment frequency as monthly, quarterly, half-yearly, or annually. In the case of the quarterly payment option, deposits made every quarter, for half yearly payment needs to be made twice each year, and so on.
• Amount of deposit: This is the amount that has to be deposited in the PPF account as per the deposit frequency chosen by you. For instance, if the deposit amount is Rs. 2,000 and the deposit frequency is quarterly, the total PPF deposit to be made each year will be Rs. 8,000 and automatically.
• Rate of interest: This is the PPF intrest rate of return that you can expect on your investment. The current PPF interest rate 2021-22 is 7.10% p.a.

The PPF Calculator is a tool that helps you calculate the public provident fund interest online. Using the PPF Calculator, you can instantly calculate the PPF returns year-wise that you can earn by contributing to your PPF account for a predetermined period with a specific frequency. Since the PPF interest rate in all banks, maturity, taxation, and withdrawal guidelines are set by the government, you don’t need to use separate bank-wise calculators.