• Home
  • EPF Balance
  • Activation
  • Help Desk
  • PF claims
  • epf payment

Epfo guidelines

epfo login, epf balance, uan login member portal, pf claim status

PPF Account Application process Interest rate, return calculation Tax Benefits

 

 

PPF Intrest Rate 2019

 

Quarter Q4,  Q3,  Q2 Q1
Interest Rate 8.0% 8.0% 7.6% 7.6%

 

PPF Account  For Minor?

Legal Age proof required (Birth Certificate)

This account opened parents/ guardian on behalf of Children.

In the case of parents died then Grandparents can open an account in the name of Minor.

 

How To open PPF Account at Post Ofice / bank?

Offline: Visit nearest Post office/bank. Submit KYC Along with Minimum payment to Open an Account.

Online: Some banks Like ICICI, HDFC have the option to Open PPF online with Netbanking they have already your KYC.

For Opening at SBI Online >> Login to Netbanking >> Click On other Service Upper Right navigation >> Open PPF Account >>Select Desired branch to Open.

You have to download PPF Application visit the SBI Branch to open PPF with SBI.

 

Tax Benefits of Provident Fund Account (EEE Status)

 

  • Unlike Insurance Policies, FD, Total Withdrawal Amount is Fully Tax-free.
  • When Compared to ELSS (10% LTCG Greater than 1 lakh) There is No capital Gain Tax.
  • You can deduct up to 1.5 lakh under section 80C toward PPF payment/contribution.
  • There is No tax on Interest earned PPF and Total withdrawal Amount.

 

PPF Account Transfer & Re-activation facility

 

You can transfer PPF balance / Account. One Post Office to another post office if changed your location.

The same thing Applies to bank too.

In case of you discontinuing PPF for years. you can reactivate by paying Penalty Fees 50 Rupees for a year.

and Minimum PPF Contribution 500.

Ex: If Stopped PPF for 5 years. If Yiu wants to reactivate  PPF.

Then you have to pay penalties 5*50=250

Minimum Contribution amount  500*5=2500

Total: 2500+250= 2750;

 

Withdrawal & Loan facility

Partial withdrawal up to 50% Available after 7 years of contribution.

Loan Facility Available from 3rd -6th Year of PPF Contribution.

 

IS PPF Calculated on a Monthly Basis or yearly?

According to PPF rules, the interest is calculated on a monthly basis but it is credited at the end of the financial year on March 31.

PPF Maturity calculation

 

The Interest rate varies Every year even 3months once slightly. So we have assumed a fixed Intrest rate before calculating the PPF Returns.

Ex:

Contribution: 1,50,000 (12,500)

Term: 15 Years

Interest rate:  8%

Compound Interval: monthly

(interest compounded monthly – added at the end of each month)


Year Year Deposits Year Interest Total Deposits Total Interest Balance
1 ₹150,000.00 ₹6,661.57 ₹150,000.00 ₹6,661.57 ₹156,661.57
2 ₹150,000.00 ₹19,664.40 ₹300,000.00 ₹26,325.97 ₹326,325.97
3 ₹150,000.00 ₹33,746.46 ₹450,000.00 ₹60,072.43 ₹510,072.43
4 ₹150,000.00 ₹48,997.33 ₹600,000.00 ₹109,069.76 ₹709,069.76
5 ₹150,000.00 ₹65,514.01 ₹750,000.00 ₹174,583.77 ₹924,583.77
6 ₹150,000.00 ₹83,401.57 ₹900,000.00 ₹257,985.34 ₹1,157,985.34
7 ₹150,000.00 ₹102,773.78 ₹1,050,000.00 ₹360,759.12 ₹1,410,759.12
8 ₹150,000.00 ₹123,753.88 ₹1,200,000.00 ₹484,513.00 ₹1,684,513.00
9 ₹150,000.00 ₹146,475.32 ₹1,350,000.00 ₹630,988.32 ₹1,980,988.32
10 ₹150,000.00 ₹171,082.62 ₹1,500,000.00 ₹802,070.94 ₹2,302,070.94
11 ₹150,000.00 ₹197,732.32 ₹1,650,000.00 ₹999,803.26 ₹2,649,803.26
12 ₹150,000.00 ₹226,593.93 ₹1,800,000.00 ₹1,226,397.20 ₹3,026,397.20
13 ₹150,000.00 ₹257,851.04 ₹1,950,000.00 ₹1,484,248.24 ₹3,434,248.24
14 ₹150,000.00 ₹291,702.48 ₹2,100,000.00 ₹1,775,950.72 ₹3,875,950.72
15 ₹150,000.00 ₹328,363.57 ₹22,50,000.00 ₹2,104,314.29 ₹43,54,314.29

 


Regular Deposit Calculation

Base amount: ₹0.00
Interest Rate: 8%
Effective Annual Rate: 8.3%
Calculation period: 15 years

Premature Closing of PPF Account?

Only After 5 Years. In case of PPF Account holder Higher education or Critical Illness.

 

Protection against Bankrupt.

 

PPF FORMS:

FORM A to open Account

FORM F: changing Nominee

FORM G: Withdrawal by the nominee

FORM H: Extending PPF for 1-to 5 years.

You may like:

  • Senior Citizen Savings Scheme (SCSS): Eligibility, Interest Rate, Returns Tax Benefits
  • Post office RD Vs Bank RD Tax benefits Return Calculation interest rates
  • Post Office Monthly Income Scheme POMIS Interest rate, Features, tax details
  • sukanya samriddhi yojana Interest rate returns, tax benefits #how to open




Calculators

  • Bike EMI calculator
  • Car loan emi calculator
  • compound interest calculator
  • EPF Calculator epf interest pension calculator excel formula format download
  • Fixed deposit FD calculator
  • home loan emi calculator
  • Personal loan emi calculator
  • Recurring deposit RD calculator
  • SIP Calculator

Useful topics

  • EPFO uan portal
  • uan passbook
  • epf withdrawal
  • uan employer unified

Saving Schemes

  • Post office RD
  • post office FIxed deposit
  • POMIS
  • NSC National Savings Certificate
  • sukanya samriddhi yojana
  • NPS
  • PPF Account
  • Senior Citizen Savings Scheme (SCSS)

Disclaimer

Note: We are not affiliated with EPFO. created this sole purpose of helping people & awareness about pf.

All the questions answered in the Articles, ask your questions in the comment.

 

epf claim status shows payment under process epfo

  • Contact
  • About us
  • Disclaimer & Privacy Policy



Recent Articles

  • epf claim status shows payment under process epfo
  • epf balance check on mobile number (SMS, Mobile app, Chrome, Missed call)
  • pf transfer form 13 how to fill transfer old pf account new account
  • pf balance check without uan number
  • UAN HelpDesk forgot password, changed mobile number, all issues

Copyright © 2023 · All rights Reserved epfo help