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## PPF HDFC Calculator

Public Provident Fund is one of the most popular fixed-income investment instruments owing to its tax benefits and long-term assured returns. HDFC Bank offers hassle-free ways of investing in Public Provident Fund. One can also calculate how much their PPF contribution would have grown to by using the HDFC PPF calculator.

**What is PPF and How it Works?**

The Public Provident Fund scheme is an efficient investment scheme that allows investors to build a steady corpus by contributing towards the account either by making monthly or lump-sum payments. PPF scheme comes with a mandatory lock-in period of 15 years during which the investors cannot close their accounts. However, partial withdrawals are allowed from the 7th year subject to certain conditions. PPF has become one of the highly preferred investments nowadays owing to the attractive interest rate that it offers, along with the tax benefits under section 80C of the Income Tax Act. Furthermore, investors are provided with the facilities of loans, an extension of account in blocks of 5 years, etc. With the help of HDFC PPF account calculator, one can easily calculate the year-wise PPF returns with ease.

**PPF Calculator for HDFC Bank**

It’s a handy tool that can help you in performing the most complicated PPF related calculations in a fraction of seconds. With the help of this PPF calculator, you can easily calculate the year-wise PPF returns you can earn by contributing to your PPF account over a fixed time period and with a specific frequency.

**PPF Calculation Formula**

PPF returns are calculated with the help of the following formula:

**F = P [({(1+i) ^n}-1)/i]**

where:

**F** – Maturity of PPF

**P** – Annual instalments

**i **– Rate of interest

**n** – Total number of years

**How to Use the HDFC PPF Calculator**

The PPF account calculator for HDFC provides an estimate of interest earned, maturity value for a given amount invested and investment period. This estimation of the returns earned at the end of the investment period helps you know whether the investment option chosen matched with your financial goal or not.

Steps to use the Calculator are as follows:

- Enter the yearly investment amount or move the slider to adjust the amount
- Enter the time period of the PPF investment.
- Once you enter the above details, the HDFC PPF calculator will provide you with the total investment amount, total interest and the maturity value at the end of the investment period.

**Benefits of Using HDFC PPF Account Calculator**

- It helps investors to gain an idea about how much interest can be earned with their investment
- The PPF account calculator for HDFC saves a lot of time as investors don’t have to go through complicated calculations, thus mitigating the scope of any miscalculations.
- It helps to estimate the total investment in a financial year

**HDFC PPF Calculator – FAQs**

**Ques**. How is the PPF interest rate calculated?

**Ans**. The PPF interest rate is reviewed every quarter. The interest is compounded annually for this scheme and is calculated every month but credited to the investors’ account at the end of the year on the 31st of March.

**Ques**. Can PPF be withdrawn before 5 years?

**Ans**. No. Partial withdrawals before five years are not allowed under this scheme. Even after five years, PPF has a restriction on the withdrawal limit.

**Ques**. How much is the return on PPF after 15 years?

**Ans**. An investor receives the matured amount in the PPF account after 15 years which is the principal amount invested and the interest earned on it.

**Ques**. Can I make monthly PPF payments?

**Ans**. PPF investments can be made either monthly or in lump-sum. A fixed investment amount on a monthly basis inculcates a disciplined saving habit. However, one should try to deposit the PPF amount before the 5th of every month to get the interest benefit every month. One can anytime check the interest amount using the PPF calculator of HDFC Bank.