Public Provident Fund (PPF) is an investment scheme offered by the Government of India through centralised public and private sector banks. This scheme was launched by the National Savings Institute of the Ministry of Finance in 1968. Interest rate of PPF is revised every quarter by the Government. Currently, the prevailing rate of interest is 7.1%.
SBI is one of the banks offering PPF to customers and non-customers. Both minors and adults can open a PPF account with SBI and start saving. Using an SBI PPF calculator makes it easier for you to calculate your returns based on the available rate of interest and tenure.
PPF requires you to invest a minimum amount each year until the investment matures. You may prematurely withdraw your sum before maturity (as per conditions) or extend your account after that.
To help you assess your returns according to the amount you invest each year, you can use an SBI PPF calculator online.
Some of the benefits of this calculator include –
Following is the PPF schedule that an SBI PPF plan calculator shows of interest received, eligible loan amount, and eligible withdrawal amount if you invest Rs. 10,000 yearly for 15 years (do note that the rate of interest is rounded to 8%).
|Year||Opening balance||Amount deposited||Interest earned||Closing balance||Loan (Max.)||Withdrawal (Max.)|
The eligible loan amount and premature withdrawal amount is available after you have completed a specific number of investment years (mentioned in the FAQs below).
Follow these simple steps mentioned below to use Groww’s SBI PPF calculator monthly or yearly –
Step 1: Select the investment amount per year from the drop-down.
Step 2: Move the slider to fix the number of years
The SBI PPF scheme calculator will show you the total amount that you receive on maturity after you enter the necessary details. It will update the output immediately as you change the entered numbers.
Few of the advantages of using Groww’s SBI Public Provident Fund calculator include:
“Looking to invest? Open an account with Groww and start investing in direct Mutual Funds for free”
|Asset Management Company|
|Axis Mutual Fund||DHFL Pramerica Mutual Fund||Principal Mutual Fund|
|Kotak Mutual Fund||Sundaram Mutual Fund||BOI Axa Mutual Fund|
|Reliance Mutual Fund||Invesco Mutual Fund||Union Mutual Fund|
|HDFC Mutual Fund||LIC Mutual Fund||Taurus Mutual Fund|
|SBI Mutual Fund||JM Financial Mutual Fund||Edelweiss Mutual Fund|
|ICICI Prudential Mutual Fund||Baroda Pioneer Mutual Fund||Essel Mutual Fund|
|Aditya Birla Sunlife Mutual Fund||Canara Robeco Mutual Fund||Mahindra Mutual Fund|
|UTI Mutual Fund||HSBC Mutual Fund||Qauntum Mutual Fund|
|Franklin Templeton Mutual Fund||IDBI Mutual Fund||PPFAS Mutual Fund|
|IDFC Mutual Fund||Indiabulls Mutual Fund||IIFL Mutual Fund|
|DSP Blackrock Mutual Fund||Motilal Oswal Mutual Fund||Escorts Mutual Fund|
|TATA Mutual Fund||BNP Paribas Mutual Fund|
|L and T Mutual Fund||Mirae Asset Mutual Fund|