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HDFC Bank PPF Calculator

PPF Maturity Amount

What is the HDFC PPF Calculator?

A PPF calculator HDFC is an online tool designed to provide the maturity value of PPF investment. Through the PPF calculator, investors can effortlessly track their investment value over the years and identify the growth in the PPF investment scheme.

It also simplifies complex calculation processes, thus saving time and effort while avoiding the possibility of human error. It is beneficial for investment planning while aligning it with financial objectives.

How does the HDFC PPF Calculator Work?

A PPF calculator HDFC Bank calculates the maturity value for a particular term and the interest earned during a period. A PPF calculator has an easy-to-use interface wherein a user has to enter variables such as annual investment amount and period, and the result will be displayed instantly.

This is useful for investors to gain a near-exact estimate of the maturity value, thus helping them plan their finances accordingly.

How to use an HDFC PPF Calculator?

You can follow the easy steps mentioned below to use the HDFC PPF calculator and calculate expected returns from post office PPF investments accurately:

Select the frequency of investment: The frequency of your investment will influence your maturity value. Ideally, select the ‘Monthly’ option if you are salaried for more convenient investment and accurate results.

Enter the monthly PPF investment: It is the amount you wish to invest in the PPF account. You could input a monthly, quarterly, semi-annual, or annual amount. Also, ensure that your investment amount is not more than Rs 12,500 per month or Rs 1.5 lakh a year.

Interest rate: The current interest rate for PPF investment will be auto-populated. Thus, you do not need to enter the interest rate. 

Select the investment duration: It is the time you will continue your PPF investment. The minimum time available is 15 years, and you have the option to extend the term in batches of five years after that. The PPF calculator assumes that you will be investing the same amount till the time of maturity.

Check the future value:  Once you enter all the above details, our calculator will automatically show the maturity amount.

What Is the HDFC PPF Calculator Formula?

A PPF calculator uses the following mathematical formula to determine the maturity value at the end of tenure:

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

In which,

M = Maturity value

P = Annual Investment 

i = Rate of interest

n = Investment tenure (in years)

How to calculate expected returns from HDFC PPF? 

You can calculate the expected returns from HDFC PPF by using the PPF calculator formula, i.e. M = P [({(1+i) ^n}-1)/i].

Now, suppose you invest Rs 75,000 per annum in HDFC PPF for 15 years at the current interest rate of 7.1%. 

The maturity amount would be as follows:

M = 75,000[({(1+7.1) ^15}-1)/7.1] 

Thus, the maturity value of your HDFC PPF is Rs 20,34,105

Example of HDFC PPF Calculation

You can invest a maximum of up to 1.5 lakh per financial year in a post office PPF account. If you invest Rs 1 lakh a year at a 7.1% interest rate, the contribution during that period will be Rs 15,00,000.

The scheme provides compound interest, which will be Rs 12,12,139 in 15 years, which is the maximum duration one can invest. After the completion of the PPF scheme, the maturity amount will stand at Rs 27,12,139.

Suppose you extend the scheme for another 5 years, your investment will rise to Rs 20,00,000. The interest received will be Rs 24,38,859, and the maturity value will be Rs 44,38,859.

HDFC PPF Interest Rates FY 2024-25

Currently, the HDFC PPF interest rate is 7.1% per annum for the 1 April - 30 June 2024  quarter and is paid on the amount standing in the investor’s account. 

HDFC PPF interest rate is reviewed by the Central government and the Ministry of Finance every quarter. The PPF interest rate has remained constant at 7.1% from April 2020 onwards. 

Benefits of using an HDFC PPF calculator

A few  of the benefits of using the HDFC PPF interest rate calculator are as follows:

  • Enables an investor to evaluate alternative cases with a change in investment amount.
  • Displays the total invested amount as per the tenure.
  • It highlights the total interest earned after the completion of maturity tenure.
  • One just needs to enter the investment amount, and the HDFC PPF calculator will display the result quickly. 
  • It eliminates the possibility of manual error.

Tax Benefits of HDFC PPF Investments

HDFC PPF falls within the Exempt-Exempt-Exempt(EEE) category. This means an investor gets triple tax exemptions under the Income-Tax Act (ITA), 1961, for a PPF.

An investor can gain from tax exemptions at the time of investing, as well as interest and maturity. Under Section 80C of the ITA, an investor can avail of a deduction of up to Rs 1.5 lakh in a financial year on a PPF. In addition, the interest an investor earns every year is also tax-exempt. Moreover, the corpus that one withdraws upon maturity is also tax-exempt.

Other PPF Calculators:
1. SBI PPF Calculator
2. Axis Bank PPF Calculator
3. Canara Bank PPF Calculator
4. Post Office PPF Calculator
5. ICICI Bank PPF Calculator

Frequently Asked Questions

Is HDFC good for PPF?

Yes, HDFC is a good and secure financial institution for investing in PPF. As a leading private sector bank in the country, HDFC is regulated by the Reserve Bank of India (RBI).

What is the return rate of HDFC PPF?

Currently, the rate of interest on a PPF account is 7.1% per annum compounded on an annual basis. 

Can I have two HDFC PPF accounts?

An individual cannot open more than one PPF account, as per the PPF rules. However, an individual can open a second account for a minor child even when they already have a PPF account.

What happens after the maturity of my HDFC PPF account?

After the completion of the 15-year maturity tenure, an investor has the option to withdraw the money from their PPF account. The amount standing on the account's credit, including interest, will be paid to the investors in their preferred bank account. Additionally, they can extend the PPF account for another 5 years by submitting the extension form to the bank.

Can I deposit in HDFC PPF account twice a month?

Yes, you can deposit in an HDFC PPF account twice a month. However, investing before the fifth of the month is suggested to claim the interest for the full month.

Can I pay HDFC PPF monthly?

Yes, you can make payments to your HDFC PPF account monthly, quarterly, half-yearly or yearly.

What is the HDFC PPF account tenure?

The PPF account has a 15-year lock-in period. However, an investor may extend it in a series of five years after the 15-year maturity tenure. 

How much will I get in HDFC PPF after 15 years?

The amount you will receive at the end of a maturity tenure will be dependent on the amount of your annual investments made over a period of 15 years. For example, a minimum investment of Rs 500 per financial year at a 7.1% interest rate will provide Rs 13,561 as the maturity amount. Similarly, a maximum investment of Rs 1,50,000 per financial year at a 7.1% interest rate will provide Rs 40,68,208 as the maturity amount. 

What is the minimum tenure and investment amount to open an HDFC PPF account?

The PPF has a 15-year lock-in period from the date of opening the account. However, partial withdrawals in a PPF scheme are allowed from the seventh year onwards. The minimum investment amount to open an HDFC PPF account is Rs 500 in a financial year.

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