₹2000 PPF Interest Calculation for 15 Years | PPF Calculator and Account Benefits

Rs. 2000 PPF Interest Calculation for 15 Years | PPF Calculator and Account Benefits in Hindi
In this video by FinCalC TV we will see PPF Interest calculation for 15 years if you deposit Rs. 2000 every month at 7.1% interest rate.
We will also see how interest is calculated in PPF when interest rate changes quarterly.
Many queries will be solved such as ppf calculator for 15 years, ppf account benefits, ppf account kya hai, ppf interest rate, etc.

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Rs. 1000 PPF Interest Calculation
   • ₹1000 PPF Interest Calculation for 15...  

PPF Interest Rate Change Calculation Video:
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CHAPTERS:
00:00 Rs. 2000 PPF Interest Calculation Intro
00:13 PPF Account Benefits & Features
00:35 Income Tax Benefits in PPF
00:54 PPF Interest Rate
02:02 Solving PPF Queries - Deposit before 5th day
02:45 PPF Interest Calculation on Rs. 2000
03:40 Using PPF Calculator
05:23 How monthly Interest is Calculated?
06:16 PPF Interest after First Year
07:17 PPF Interest after Second Year
08:17 Interest in PPF after Third Year
08:53 PPF Interest after 15 Year
10:48 Options after 15 Years
11:16 Interest Calculations on other Deposits
12:00 Using Other Calculators
12:51 Rs. 2000 PPF Interest Calculation Conclusion

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WHAT IS PPF?
PPF full form is Public Provident Fund, which is a government backed Saving Scheme. Many Indians invest in PPF and treat it as a retirement fund since it has a lock-in period of 15 years. Also it helps in saving income tax while claiming deductions under Section 80C (maximum deduction up to Rs. 1.5 Lacs in a financial year)

Features of PPF
- PPF or Public Provident Fund is a savings scheme offered by the Government of India.
- PPF has a lock-in period of 15 years
- Minimum deposit amount in a FY to keep your PPF account active is Rs. 500
- Maximum deposit amount for which you can earn interest in PPF account is Rs. 1,50,000
- The interest on the account is paid by the government of India and is set every quarter, It is also tax-free.
- PPF interest is calculated every month and is compounded annually
- The applicable PPF interest rate for Jan 2022 to Mar 2022, has been fixed at 7.1% annually.
- PPF or Public Provident Fund falls under EEE category (Exempt, Exempt, Exempt), which means, the Deposits, Interest and Maturity Amounts are all exempted from Income Tax
- Partial withdrawals are allowed in PPF account
- Loan facility is also available in PPF account

HOW TO MAXIMIZE PPF INTEREST?
When you deposit Rs. 1.5 Lacs before 5th April, you get maximum interest in PPF for that financial year

IS PPF AVAILABLE FOR 5 YEARS?
When you open a PPF account, there is a mandatory lock in period of 15 years, so you have to continue PPF account for 15 years. In case you want to deposit only for 5 years, than you should look for some other tax saving instruments like 5 year Fixed Deposits or ELSS (Equity Linked Saving Scheme)

After 15 years in PPF, you have the option to either close the account and take entire tax free maturity amount in your savings account, or to extend your PPF account for next 5 years, with or without deposits.

Extending PPF with a block of 5 years is one of the best solutions to earn more compounding interest in case you are not in a need of money for next 5 years.

#ppf #ppfinterest #ppfcalculator #fincalc

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