Public Provident Fund is a long term savings scheme sponsored by the central government to ensure that high returns are earned by risk-averse investors. It was established in 1968 by the National Savings Institute of the Ministry of Finance as an investment tool aiming to channel idle funds present with an individual through various tax benefits and relatively higher interest rates.

PPF accounts come with a holding period of 15 years, and a maximum of Rs. 1.5 Lakh can be invested annually, with tax exemptions on the entire deposit under Section 80C of the Income Tax Act.

A PPF account can be easily opened with ICICI Bank, even if you are not an existing customer. A PPF account can be opened under the name of both an adult and minor. Using ICICI PPF calculator, you can quickly determine optimal investment amounts and returns generated on them.

 How Does a PPF ICICI Bank Calculator Help You?

ICICI PPF calculator helps you keep track of the total investment made in a PPF account, and annual returns generated on it. Such calculators can also be used to determine yearly withdrawal limits on PPF accounts.

Advantages of PPF calculator from ICICI bank can be listed as follows:

  • The optimal investment amount can be determined through this calculator.
  • Total return earned on maturity (15 years) is displayed.
  • The total amount generated on maturity is shown by PPF ICICI Bank calculator.

The formula used by ICICI PPF calculator for determining total returns generated on PPF investments is:

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


  1. A= Final amount realised on maturity
  2. P= Principal investment amount
  3. i= Interest rate (subject to quarterly government changes )
  4. n= period of investment

PPF Investment Schedule

ICICI bank PPF calculator displays the total returns generated after the maturity of the investment tenure. You can also determine the total amount you are eligible to withdraw prematurely. As of August 2019, interest on PPF investments is compounded annually at 7.9%.

Suppose you invest Rs. 50,000 annually in ICICI PPF account for 15 years. Annual compounding effect and total balance available at the end of a financial year can be displayed through the following schedule presented by PPF account calculator by ICICI Bank:

Year  Opening Balance (Rs.) Amount Deposited (Rs.) Interest earned (Rs.) Closing balance (Rs.) Loan (Max.) (Rs.) Withdrawal (Max.)


1 0 50000 3950 53950 0 0
2 53950 50000 8212 112162 0 0
3 112162 50000 12811 174973 13488 0
4 174973 50000 17773 242746 28041 0
5 242746 50000 23127 315873 43743 0
6 315873 50000 28904 394777 60687 0
7 394777 50000 35137 479914 0 87487
8 479914 50000 41863 571777 0 121373
9 571777 50000 49120 670897 0 157937
10 670897 50000 56951 777848 0 197389
11 777848 50000 65400 893248 0 239957
12 893248 50000 74517 1017765 0 285889
13 1017765 50000 84353 1152118 0 335449
14 1152118 50000 94967 1297085 0 388924
15 1297085 50000 106420 1453505 0 446624

An investor is eligible for a loan against PPF as well as premature withdrawal only upon meeting stipulated criteria. These facilities are only available to an investor if he/she completes a minimum number of investments.

Advantages of Using Groww’s ICICI PPF calculator

Significant benefits of using this calculator are:

  1. It generates accurate value of yearly returns on the investment amount.
  2. Total interest earned on the invested amount is also displayed.

Public Provident Funds are ideal for investors looking for options completely unaffected by market fluctuations. This instrument tends to be more liquid than several tax-saving market-linked tools as well. Using an ICICI PPF account calculator, you can predetermine your earnings and withdrawal limits, thereby allowing you to plan your finances accordingly.

Frequently Asked Questions

  • What is the range of investment in a PPF account?

A minimum deposit of Rs. 500 has to be made annually on a PPF account. The upper limit on such investment is Rs. 1.5 Lakh.

  • What are the advantages of investing in a PPF?

Investing in a PPF account provides tax exemptions on the entire deposit under section 80C of the Income-tax Act, 1961. Interest rates on PPF accounts are higher than standard interest rates on savings as well as fixed deposit accounts provided by commercial banks. You can easily realise the total returns through a PPF ICICI bank calculator.

  • How many PPF accounts can a person have?

An individual (adult or minor) can only have one PPF account in his/her name.

  • What is the tenure of a PPF account?

The minimum lock-in period on PPF accounts is 15 years. However, you can choose to extend it after maturity in blocks of 5 years.

  • What are the withdrawal policies of a PPF account?

Premature withdrawal on investment amount can be made after the completion of six years. The extracted amount cannot exceed 50% of the total investment amount in this case. However, investors can prematurely close the account after five years to fund the medical or educational expenses. The amount can be determined through ICICI PPF Calculator.

  • Can I avail a loan against PPF investment?

Up to 25% of the invested amount can be availed as a loan after the completion of six years. Such loans are extended for a tenure of three years, with an interest charge of higher than one given on PPF investment.

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