PPF Calculator

No, an individual can have only one PPF account in their name. However, you can open one PPF account for each minor child. Opening multiple accounts will make all accounts invalid.

Account becomes inactive if no deposit in a year. You need to pay ₹50 per year penalty + minimum ₹500 to revive it. Inactive accounts don't earn interest but you can revive anytime before maturity.

Yes, you can extend in blocks of 5 years after maturity. You can extend with or without further contributions. If extending without contributions, you'll continue earning interest on existing balance.

PPF is better for long-term savings due to higher interest rates, complete tax exemption (EEE status), and government backing. FD is better for short-term needs with flexible tenure options. PPF interest is fully tax-free while FD interest is taxable.

PPF interest is calculated on minimum balance between 5th and last day of every month. Formula: Monthly interest = (Minimum balance from 5th to month end) × (Annual rate/12). Interest compounds annually. For ₹1.5L yearly, deposited on 1st of month = full ₹1.5L earns interest for all 12 months.

Deposit before 5th of every month to earn interest for that full month. Best: Deposit full ₹1.5 lakhs in April (before 5th) to earn maximum interest for entire year. Avoid depositing after 5th as you lose that month's interest. Even ₹1 difference in timing can cost thousands over 15 years.

Yes, from 3rd to 6th year, you can take loan up to 25% of balance 2 years ago. Interest: PPF rate + 1%. Loan must be repaid within 36 months. From 7th year onwards, partial withdrawal is allowed instead of loan - which is better as no interest or repayment needed.

Partial withdrawal allowed from 7th year onwards - maximum 50% of balance at end of 4th preceding year. Only one withdrawal per year. From 7th year: Can withdraw up to 50% without penalty. Full withdrawal allowed after 15 years at maturity. Premature closure allowed only in specific cases (medical emergency, higher education).

PPF: 100% safe, guaranteed 7.1% returns, tax-free maturity, but 15-year lock-in. NPS: Market-linked (8-12% returns potential), partial tax-free (60%), flexible withdrawals after 60, but has market risk. Ideal: Invest in both - PPF for safety (40%), NPS for growth (60%).

No, NRIs cannot open new PPF accounts or continue contributing to existing ones. If you become NRI after opening PPF, you can keep it till maturity but cannot make fresh deposits. NRIs should look at NRE/NRO fixed deposits, international mutual funds, or offshore bonds instead.

PPF continues till maturity. Nominee receives maturity amount with interest earned till date. No premature closure penalty. Nominee must submit death certificate and claim form. If minor is nominee, guardian operates account. Amount is paid to legal heirs if no nomination registered - requires succession certificate.

Both offer Section 80C deduction. PPF: 7.1% guaranteed + tax-free returns, 15-year lock-in, zero risk. ELSS: 12-15% potential returns, only 3-year lock-in, market risk, taxable gains over ₹1 lakh. For conservative investors: PPF. For growth + risk appetite: ELSS. Best strategy: Split 50-50 for balanced approach.