What is Sukanya Samriddhi Deposit Account?
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Most Advanced and Featured Online PPF Calculator
Flash:- The government on 29.09.2016 slashed interest rates payable on PPF to 8.0% from 8.1% w.e.f. 01.10.2016 The PPF Calculator is updated with new effevtive rates.
This is ONE of the most featured and accurate online PPF Calculator. You can calculate / check yearly interest return on your yearly or monthly PPF investments from FY 1986-87 to current Financial Year. This calculator displays the applicable rate of interest over the selected period and checks your date of deposit (is it before or after 5th) for the purpose of interest calculation as per PPF scheme.
Major Highlights of PPF Scheme
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- The ceiling of amount deposited in PPF account increased to Rs. 1.50 lac.
- Interest is computed on the minimum balance between the 5th and end of a month. Accordingly, here the calculator shows the effective depsoit for the month = Amount deposited upto 5th + Last month Deposit after 5th less withdrawal during the month, if any, for the purpose of interest calculations.
- Minimum deposit amount in a year is Rs. 500/- and the number of installments you can deposit in a Financial Year is Min. One and Max. Twelve.
- Interest Rate - 8.0% from 01.10.2016 Click Here to view interest Rates from 01.04.1986 and Detailed Features of PPF Scheme
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