With **PPF Calculator**, you can quickly calculate PPF Rate of Interest, Account Balance, Loan and other details. It is a simple online tool for calculating interests, Maturity amount over the next 15 years. So, know more information about the calculation of Loan Interest and also about withdraw amount details. We have clearly explained the calculation by taking one example as mentioned below. Thus, read the article carefully to know more information.

## PPF Calculator – Public Provident Fund

PPF is saving as well as tax reduction account in India. It has started in the year 1968 by the National Saving Institute of the Ministry of Finance. The PPF Account can be opened by the individuals who are Residents of India. Also, the elders can open PPF Account on behalf of the Minor child. People who are having PPF Account can invest a minimum amount of 500/- to the maximum of 1,50,000/-. The PPF Rate of Interest is 8.10%. It is a good long-term investment period of 15 years. Partially you can withdraw the amount from the 7th financial year onwards. After 15 years of the period, you can extend in a block period of 5 years after maturity.

Generally, the PPF Calculator can be used to calculate the basic interest earned by PPF Account which is mentioned below. So, observe the below example and know the Closing amount of every year. Therefore, you can know more information about the Interest from the below-mentioned table.

## Public Provident Fund(PPF) Calculator

### Public Provident Fund – PPF Interest Calculator

The PPF Rate of interest has become constant for this year 2016 i.e. **8.10%**. Here we took an example of investing 5000/- every year from 2016 to the last year 2030 (15th year). Then the closing amount of every year is calculated by PPF Calculator is explained in the below table.

Year |
Opening Balance |
Deposited Amount |
Rate of Interest |
Closing Amount |

2016- 1st year | Rs. 0/- | Rs. 5000/- | Rs. 405/- | Rs. 5405/- |

2017- 2nd year | Rs. 5405/- | Rs. 5000/- | Rs. 843/- | Rs. 11248/- |

2018- 3rd year | Rs. 11248/- | Rs. 5000/- | Rs. 1316/- | Rs. 17564/- |

2019- 4th year | Rs. 17564/- | Rs. 5000/- | Rs. 1828/- | Rs. 24392/- |

2020- 5th year | Rs. 24392/- | Rs. 5000/- | Rs. 2381/- | Rs. 31773/- |

2021- 6th year | Rs. 31773/- | Rs. 5000/- | Rs. 2979/- | Rs. 39752/- |

2022- 7th year | Rs. 39752/- | Rs. 5000/- | Rs. 3625/- | Rs. 48377/- |

2023- 8th year | Rs. 48377/- | Rs. 5000/- | Rs. 4324/- | Rs. 57701/- |

2024- 9th year | Rs. 57701/- | Rs. 5000/- | Rs. 5079/- | Rs. 67780/- |

2025- 10th year | Rs. 67780/- | Rs. 5000/- | Rs. 5895/- | Rs. 78675/- |

2026- 11th year | Rs. 78675/- | Rs. 5000/- | Rs. 6778/- | Rs. 90453/- |

2027- 12th year | Rs. 90453/- | Rs. 5000/- | Rs. 7732/- | Rs. 103185/- |

2028- 13th year | Rs. 103185/- | Rs. 5000/- | Rs. 8763/- | Rs. 116948/- |

2029- 14th year | Rs. 116948/- | Rs. 5000/- | Rs. 9878/- | Rs. 131826/- |

2030- 15th year | Rs. 131826/- | Rs. 5000/- | Rs. 11083/- | Rs. 147909/- |

#### The PPF Closing Amount Calculating Process

- The starting balance will be zero. When you deposit an amount of Rs.5000/-, then the closing amount will be Rs.5405/- i.e. (Closing amount = deposit amount + Rate of Interest)

Deposit amount = 5000/-, **Rate of Interest = 8.10%** then Interest = 5000*8.10/100

= 405/-

Therefore the Closing amount will get by adding Deposit Amount and Rate of Interest. Thus, the closing amount at the end of the first year is Rs.5405/-.

- For remaining years also the same procedure will be done for calculating the year ending closing amount.

Here we have also explained about the loan amount which can be taken from the 3rd year of the Investment. Also, know about the withdrawn amount which you can withdraw from the 7th Financial year. Therefore, we have provided Loan Amount & Withdraw amount calculations with an example which is mentioned below. So, read carefully the below given points.

### PPF Loan Interest Calculation

For your convenience, we have taken a very simple example. If the investor invests 5,000/- in the first year i.e. from **March 5th, 2016** to the **March 5th, 2030** which is the last 15th year. Then the PPF Loan Interest calculation is below.

- According to the rules, the user can take a loan with the minimum of 25% of the balance that is available in the 1st year of the investor’s PPF Account. Observe the below steps to get more clarity.
- Before going to the Loan Interest calculation, we will see that how much loan does the investor can make from the PPF Account.
- A User who is having PPF Account can have the facility to take a loan from time period i.e. from 3rd year to 6th year. After that, there is no facility to take a loan.
- From the example,
**2018 is the 3rd year**from which the investor will be eligible to apply for a loan. - The Investor has opened his/her account on March 5th, 2016. Then
**2016-17**is the financial year

#### PPF Loan Amount Calculation process

Year |
Opening Balance |
Deposited Amount |
Rate of Interest |
Closing Amount |
Loan amount |

2016- 1st year | Rs. 0/- | Rs. 5000/- | Rs. 405/- | Rs. 5405/- | – |

2017- 2nd year | Rs. 5405/- | Rs. 5000/- | Rs. 843/- | Rs. 11248/- | – |

2018- 3rd year | Rs. 11248/- | Rs. 5000/- | Rs. 1316/- | Rs. 17564/- | Rs. 1351/- |

2019- 4th year | Rs. 17564/- | Rs. 5000/- | Rs. 1828/- | Rs. 24392/- | Rs. 2812/- |

2020- 5th year | Rs. 24392/- | Rs. 5000/- | Rs. 2381/- | Rs. 31773/- | Rs. 4391/- |

2021- 6th year | Rs. 31773/- | Rs. 5000/- | Rs. 2979/- | Rs. 39752/- | Rs. 6098/- |

2022- 7th year | Rs. 39752/- | Rs. 5000/- | Rs. 3625/- | Rs. 48377/- | – |

2023- 8th year | Rs. 48377/- | Rs. 5000/- | Rs. 4324/- | Rs. 57701/- | – |

2024- 9th year | Rs. 57701/- | Rs. 5000/- | Rs. 5079/- | Rs. 67780/- | – |

2025- 10th year | Rs. 67780/- | Rs. 5000/- | Rs. 5895/- | Rs. 78675/- | – |

2026- 11th year | Rs. 78675/- | Rs. 5000/- | Rs. 6778/- | Rs. 90453/- | – |

2027- 12th year | Rs. 90453/- | Rs. 5000/- | Rs. 7732/- | Rs. 103185/- | – |

2028- 13th year | Rs. 103185/- | Rs. 5000/- | Rs. 8763/- | Rs. 116948/- | – |

2029- 14th year | Rs. 116948/- | Rs. 5000/- | Rs. 9878/- | Rs. 131826/- | – |

2030- 15th year | Rs. 131826/- | Rs. 5000/- | Rs. 11083/- | Rs. 147909/- | – |

As earlier mentioned that Loan period is from **3rd year to till 6th year**. i.e. After the 6th year, the investor can not be able to apply for a loan. The calculation process by using PPF Calculator is below.

- Loan Amount for the Third year = 25% of 1st year closing amount

= 5405 * 25/100

=1351/-

Similarly,

- The Loan amount for the fourth year= 25% of 2nd year closing amount
- Loan amount for the fifth year= 25% of 3rd year closing amount
- Loan amount for the sixth year= 25% of 4th year closing amount

### PPF Withdrawal Amount Calculation

By using the PPF Calculator it is very easy to calculate the PPF withdrawal amount. The people who are having PPF Account can withdraw the amount from the 7th financial year which is shown in the below table.

Year |
Opening Balance |
Deposited Amount |
Rate of Interest |
Closing Amount |
Loan amount |
Withdraw Amount |

2016- 1st year | Rs. 0/- | Rs. 5000/- | Rs. 405/- | Rs. 5405/- | – | – |

2017- 2nd year | Rs. 5405/- | Rs. 5000/- | Rs. 843/- | Rs. 11248/- | – | – |

2018- 3rd year | Rs. 11248/- | Rs. 5000/- | Rs. 1316/- | Rs. 17564/- | Rs. 1351/- | – |

2019- 4th year | Rs. 17564/- | Rs. 5000/- | Rs. 1828/- | Rs. 24392/- | Rs. 2812/- | – |

2020-5th year | Rs. 24392/- | Rs. 5000/- | Rs. 2381/- | Rs. 31773/- | Rs. 4391/- | – |

2021-6th year | Rs. 31773/- | Rs. 5000/- | Rs. 2979/- | Rs. 39752/- | Rs. 6098/- | – |

2022-7th year | Rs. 39752/- | Rs. 5000/- | Rs. 3625/- | Rs. 48377/- | – | Rs. 8782/- |

2023-8th year | Rs. 48377/- | Rs. 5000/- | Rs. 4324/- | Rs. 57701/- | – | Rs. 12196/- |

2024-9th year | Rs. 57701/- | Rs. 5000/- | Rs. 5079/- | Rs. 67780/- | – | Rs.15887/- |

2025-10th year | Rs. 67780/- | Rs. 5000/- | Rs. 5895/- | Rs. 78675/- | – | Rs.19876/- |

2026- 11th year | Rs. 78675/- | Rs. 5000/- | Rs. 6778/- | Rs. 90453/- | – | Rs. 24189/- |

2027- 12th year | Rs. 90453/- | Rs. 5000/- | Rs. 7732/- | Rs. 103185/- | – | Rs.28851/- |

2028- 13th year | Rs. 103185/- | Rs. 5000/- | Rs. 8763/- | Rs. 116948/- | – | Rs.33890/- |

2029- 14th year | Rs. 116948/- | Rs. 5000/- | Rs. 9878/- | Rs. 131826/- | – | Rs.39338/- |

2030-15th year | Rs. 131826/- | Rs. 5000/- | Rs. 11083/- | Rs. 147909/- | – | Rs. 45227 |

**The calculation process with the help of PPF Calculator is as follows:**

The withdrawal amount for 7th financial year = 50% of 3rd year closing amount

=> 17564 * 50/100

=> 8782/- this is the withdrawal amount for the 7th year.

The same procedure is followed for the remaining years also.

- The withdrawal Amount for 8th year = 50% of 4th year closing amount
- The withdrawal Amount for 9th year = 50% of 5th year closing amount
- Withdrawal Amount for the 10th year= 50% of 6th year closing amount
- The withdrawal Amount for 11th year= 50% of 7th year closing amount
- The withdrawal Amount for 12th year= 50% of 8th year closing amount
- Withdrawal Amount for 13th year= 50% of 9th year closing amount
- The withdrawal Amount for 14th year= 50% of 10th year closing amount
- The withdrawal Amount for 15th year= 50% of 11th year closing amount