Ppf Account Maturity Date Calculator

What is PPF Account?

The Public Provident Fund (PPF) is a savings-cum-investment scheme launched by the Government of India in 1968. It is managed by the Office of the Controller of Public Accounts (CPA) under the Ministry of Finance.

Key features of PPF account include:

• Minimum investment of ₹500 and maximum of ₹1,50,000 per financial year
• Lock-in period of 15 years
• Interest rate fixed by the Government of India, currently 7.1% per annum
• Tax benefits under Section 80C of the Income Tax Act
• Nomination facility available

The PPF account is a popular choice for long-term savings and investment due to its guaranteed returns and tax benefits.

How to Calculate PPF Maturity Date

Calculating the PPF maturity date is straightforward. You need to know the deposit date and the chosen tenure (15, 20, or 25 years). The maturity date is simply the deposit date plus the tenure.

For example, if you deposit ₹500 on January 1, 2023, and choose a 15-year tenure, your PPF account will mature on January 1, 2038.

It's important to note that the PPF account cannot be withdrawn before the maturity date, except in certain exceptional circumstances.

Example Calculation

Let's consider an example to understand how the PPF maturity date is calculated.

As shown in the table, the maturity date is calculated by adding the tenure to the deposit date. The exact date remains the same, only the year changes.