PPF Account Benefits & Interest Calculation Examples (Hindi)
In this video by FinCalC TV we will see PPF Account benefits with Interest Calculation of Rs. 1000, Rs. 2000, Rs. 5000 and Rs. 12,500 monthly deposits in PPF or Public Provident Fund.
PPF full form is Public Provident Fund which is a Government Backed saving scheme with lockin period of 15 years. There are many PPF account benefits such as guaranteed returns, tax savings under Section 80C, interest and maturity amount not taxable, achieve long term financial goals, etc.

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CHAPTERS:
00:00 Introduction
00:18 PPF Account Benefits
02:15 PPF Interest Calculator
03:43 Rs. 1000 Deposit Calculation for 15 Years
04:48 Interest Rate Change Example
06:22 Interest Calculation in Second Year (Compounding)
09:13 Rs. 2000 Deposit Calculation for 15 Years
10:38 Rs. 5000 Deposit Calculation for 15 Years
11:36 Rs. 12,500 Deposit Calculation for 15 Years
14:23 Summary of All Calculations with Profits
14:42 PPF Account Benefits Conclusion

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 lockin 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)

PPF Account benefits and Features
PPF or Public Provident Fund is a savings scheme offered by the Government of India.
PPF has a lockin 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 taxfree.
PPF interest is calculated every month and is compounded annually
The latest PPF interest rate for October to December 2023, 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

Opening a PPF Account
PPF accounts can be opened in post office, nationalized banks and major private banks such as ICICI and Axis.
In several banks like ICICI and Axis, you can open a PPF account online through net banking as well.
In case you are NRI (Nonresident of India), you cannot open a PPF account, but if you already had a PPF account before your became NRI, you can continue to hold PPF account until it’s maturity period
Once the account is opened, a PPF passbook similar to the bank passbook is issued.
All transactions such as subscription, interest, withdrawals, etc. are recorded in this passbook.
Some banks simply allow PPF entries or PPF balance to be viewed online instead of issuing a passbook.
You should remember that your amounts will be lockedin for 15 years in a PPF Account
You can only have one PPF account at a time. Multiple PPF accounts for same holder are not allowed

How much you can contribute to PPF
PPF accounts can be opened in post office, nationalized banks and major private banks such as ICICI and Axis.
In several banks like ICICI and Axis, you can open a PPF account online through net banking as well.
In case you are NRI (Nonresident of India), you cannot open a PPF account, but if you already had a PPF account before your became NRI, you can continue to hold PPF account until it’s maturity period
Once the account is opened, a PPF passbook similar to the bank passbook is issued.
All transactions such as subscription, interest, withdrawals, etc. are recorded in this passbook.
Some banks simply allow PPF entries or PPF balance to be viewed online instead of issuing a passbook.
You should remember that your amounts will be lockedin for 15 years in a PPF Account

#PPF #PPFAccountBenefits #PublicProvidentFund #FinCalC

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DISCLAIMER:
Examples and demo used are for Illustration purpose only and might not cover every detail of examples shown.