SBI PPF Calculator – Calculate SBI Public Provident Fund Returns
The SBI PPF Calculator is a useful tool that allows account holders to estimate the maturity value of their investment in the Public Provident Fund (PPF) scheme offered by the State Bank of India. SBI is one of the most preferred banks for opening PPF accounts due to its widespread branches and trusted banking services.
What is an SBI PPF Account?
The Public Provident Fund (PPF) is a government-backed long-term savings scheme with tax-free returns. At SBI, you can open a PPF account online through internet banking or by visiting a nearby branch. The account has a lock-in period of 15 years, and the interest is compounded annually and credited by SBI as per government guidelines.
How the SBI PPF Calculator Works
The SBI PPF Calculator helps you estimate:
- Total investment over the chosen duration (usually 15 years)
- Total interest earned using SBI’s applicable PPF interest rates
- Maturity amount at the end of the tenure
Just enter the yearly contribution amount and the calculator will instantly show your total savings at maturity.
Key Features of SBI PPF Account
- Minimum annual deposit: ₹500
- Maximum annual deposit: ₹1.5 lakh
- Tenure: 15 years (extendable in 5-year blocks)
- Current interest rate: Updated quarterly (e.g., 7.1% p.a.)
- Online deposits available via SBI net banking
Example Calculation
If you deposit ₹1.5 lakh annually in your SBI PPF account at 7.1% interest for 15 years:
- Total Deposits: ₹22,50,000
- Interest Earned: ₹18,18,209
- Maturity Value: ₹40,68,209
Tax Benefits
The SBI PPF account provides triple tax exemption (EEE):
- Deposits up to ₹1.5 lakh/year are exempt under Section 80C
- Interest earned is tax-free
- Maturity amount is fully exempt from tax
Why Use the SBI PPF Calculator?
- Helps you plan your long-term savings effectively
- Estimates future returns and tax-free wealth creation
- Compares investment options with accurate predictions
Conclusion
The SBI PPF Calculator is an essential tool for individuals investing in the Public Provident Fund via the State Bank of India. It simplifies financial planning and gives a clear picture of the maturity amount and interest earned, allowing you to save smarter and meet your future goals confidently.