SBI PPF Calculator

Public Provident Fund (PPF) is an investment scheme offered by the Government of India through centralised public and private sector banks. This scheme was launched by the National Savings Institute of the Ministry of Finance in 1968. Interest rate of PPF is revised every quarter by the Government.

SBI is one of the banks offering PPF to customers and non-customers. Both minors and adults can open a PPF account with SBI and start saving. Using an SBI PPF calculator makes it easier for you to calculate your returns based on the available rate of interest and tenure.

How can a PPF account calculator SBI help you?

PPF requires you to invest a minimum amount each year until the investment matures. You may prematurely withdraw your sum before maturity (as per conditions) or extend your account after that.

To help you assess your returns according to the amount you invest each year, you can use an SBI PPF calculator online.

Some of the benefits of this calculator include – 

1. Enables you to choose the right investment amount.
2. Shows you the total invested amount according to the tenure.
3. Tells you the total interest earned after maturity.
4. Displays the total amount you receive after the account matures. 

PPF Investment Schedule

Following is the PPF schedule that an SBI PPF plan calculator shows of interest received, eligible loan amount, and eligible withdrawal amount if you invest Rs. 10,000 yearly for 15 years (do note that the rate of interest is rounded to 8%).

The eligible loan amount and premature withdrawal amount is available after you have completed a specific number of investment years (mentioned in the FAQs below).

How to use Groww’s PPF Calculator?

Follow these simple steps mentioned below to use Groww’s SBI PPF calculator monthly or yearly –

Step 1: Select the investment amount per year from the drop-down.

Step 2: Move the slider to fix the number of years 

The SBI PPF scheme calculator will show you the total amount that you receive on maturity after you enter the necessary details. It will update the output immediately as you change the entered numbers.

Advantages of using Groww’s PPF calculator

Few of the advantages of using Groww’s SBI Public Provident Fund calculator include:

• Straightforward and less complicated tool.
• Shows the returns based on the yearly investment.
• Tells you the total invested amount throughout the tenure.
• Shows the total interest earned and the total amount you receive after maturity.

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