PPF Calculator - How to Calculate PPF Interest Calculating the maturity and interest in today's date has become super easy with the help of the online PPF calculator. Avoid the hassles of calculation and computation of maturity amount and total interests. Calculate with online PPF calculator. ...
PPF Calculator - Calculate public provident fund maturity amount, interest with Vakilsearch's Online PPF calculator. Simplify your PPF amount calculation here!
Interest earnings are calculated on a monthly basis. The lowest balance between 5th to the last date of the month is taken for the interest calculation. So it is important to deposit your contributions before the 5th of every month to earn interest for that month. ...
. It is compounded on an annual basis. The interest is paid on March 31 and the PPF interest rate is set by the Finance Ministry every year. The calculation of interest is based on the minimum balance that is available between the close of the fifth day and the last day of the month...
2. Remember to make your PPF deposits well in time as the date of funds crediting to your PPF account is considered the date of deposit, for interest calculation purposes. 3. Don't withdraw from your PPF account to simply deposit the same funds back in your PPF account to get the tax ...
of the deposit that will appear in your PPF account will be the date of cheque clearance and not the day you present the cheque. Say if you deposit the cheque on the 1st of the month but it fails to clear by the 5th for whatever reasons, you will lose out whole month’s interest!
India’s PPF maturity period is 15 years. You will extend it in blocks of 5 years after the completion of this duration. The last date of completion of the financial year shall be taken as the date of commencement, by the PPF scheme law, irrespective of the month of the fiscal year yo...