PPF Interest Calculation for next 15, 20, 25, 30 Years with TOTAL Maturity Amounts in Hindi
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PPF Interest Calculation for next
PPF Interest Calculation for next 15, 20, 25, 30 Years with TOTAL Maturity Amounts in hindi
In this video by FinCalC TV we will see how to calculate interest in PPF Account, benefits and how to get maximum interest in PPF in hindi with examples. We will see PPF interest calculation for next 15, 20, 25 and 30 years with examples.
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CHAPTERS:
00:00 PPF Interest calculation Intro
00:39 Income Tax Calculator App
01:00 PPF Account benefits & features
02:01 PPF maturity options
02:54 PPF Interest Excel Calculator
04:38 PPF Interest Calculation formula
06:44 PPF Compounding example
08:24 PPF 15 years maturity amount example
09:50 PPF 20 years maturity amount example
11:17 PPF 25 years maturity amount example
11:58 PPF 30 years maturity amount example
14:01 PPF Interest calculation conclusion
PPF or Public Provident Fund is a savings scheme offered by the Government of India.
PPF have a lock-in period of 15 years
The interest on the account is paid by the government of India and is set every quarter, It is also tax-free and has many other benefits.
The applicable PPF interest rate for 1st July 2019 to 30th September 2019, has been fixed at 7.9%.
The interest rate for January – March and April – June 2019 was 8%.
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.
Once the account is opened, a 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 to be viewed online instead of issuing a passbook.
Contributions that you can make in PPF
Minimum contributions you should make in a PPF Account to keep the Account active is rupees 500 in a Financial year.
The maximum amount you can make to earn Tax-free interest in a Financial Year is rupees 1.5 Lacs.
Also, a maximum number of contributions you can make in a Financial Year is 12. This means, you cannot contribute more than 12 times in your PPF Account in a Financial Year.
The contributions made towards PPF Account also help you in Saving your Income Tax, by claiming the Investments under Section 80 C.
PPF Interest
As I have mentioned earlier, PPF is a fixed income investment.
Interest on PPF is calculated monthly on the lowest balance between the close of the fifth day and the last day of every month, that is. for the purpose of interest calculation, the amount that is deposited into the account before 5th of the month is considered.
Maturity of PPF Account.
At the end of the lock-in period of 15 Years, you have following three options:
1. You can withdraw the PPF amount along with the interest earned. The entire maturity proceeds are exempt from tax.
2. You can extend the life of the PPF account indefinitely in blocks of 5 years at a time with contribution. You have to submit a request to extend the account, with further contributions by submitting Form H. The choice of extension with contribution has to be made within one year from the date of maturity, otherwise the default choice of extension without further contribution applies.
3. Extension of PPF without further contribution. You do not need to fill any form to choose this option.
#PPFCalculator #Excel #PPF #FinCalCTV
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==========================================
The examples used are for Illustration purpose only.
Comment in comments section if you have any queries.
Thank you for watching :)
DISCLAIMER:
Examples used are for Illustration purpose only and might not cover every detail of examples shown. It is advised to seek professional help before taking any financial decisions. The owner of this channel shall not be liable in any way.
In this video by FinCalC TV we will see how to calculate interest in PPF Account, benefits and how to get maximum interest in PPF in hindi with examples. We will see PPF interest calculation for next 15, 20, 25 and 30 years with examples.
DOWNLOAD PPF Excel Calculator:
https://fincalc-blog.in/ppf-interest-...
ALL EXCEL CALCULATORS:
All EXCEL Calculators
DOWNLOAD our FREE ANDROID APP "FinCalC":
https://play.google.com/store/apps/de...
PPF Interest rate change video: PPF Interest Rate Change होने पर PPF ...
CHAPTERS:
00:00 PPF Interest calculation Intro
00:39 Income Tax Calculator App
01:00 PPF Account benefits & features
02:01 PPF maturity options
02:54 PPF Interest Excel Calculator
04:38 PPF Interest Calculation formula
06:44 PPF Compounding example
08:24 PPF 15 years maturity amount example
09:50 PPF 20 years maturity amount example
11:17 PPF 25 years maturity amount example
11:58 PPF 30 years maturity amount example
14:01 PPF Interest calculation conclusion
PPF or Public Provident Fund is a savings scheme offered by the Government of India.
PPF have a lock-in period of 15 years
The interest on the account is paid by the government of India and is set every quarter, It is also tax-free and has many other benefits.
The applicable PPF interest rate for 1st July 2019 to 30th September 2019, has been fixed at 7.9%.
The interest rate for January – March and April – June 2019 was 8%.
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.
Once the account is opened, a 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 to be viewed online instead of issuing a passbook.
Contributions that you can make in PPF
Minimum contributions you should make in a PPF Account to keep the Account active is rupees 500 in a Financial year.
The maximum amount you can make to earn Tax-free interest in a Financial Year is rupees 1.5 Lacs.
Also, a maximum number of contributions you can make in a Financial Year is 12. This means, you cannot contribute more than 12 times in your PPF Account in a Financial Year.
The contributions made towards PPF Account also help you in Saving your Income Tax, by claiming the Investments under Section 80 C.
PPF Interest
As I have mentioned earlier, PPF is a fixed income investment.
Interest on PPF is calculated monthly on the lowest balance between the close of the fifth day and the last day of every month, that is. for the purpose of interest calculation, the amount that is deposited into the account before 5th of the month is considered.
Maturity of PPF Account.
At the end of the lock-in period of 15 Years, you have following three options:
1. You can withdraw the PPF amount along with the interest earned. The entire maturity proceeds are exempt from tax.
2. You can extend the life of the PPF account indefinitely in blocks of 5 years at a time with contribution. You have to submit a request to extend the account, with further contributions by submitting Form H. The choice of extension with contribution has to be made within one year from the date of maturity, otherwise the default choice of extension without further contribution applies.
3. Extension of PPF without further contribution. You do not need to fill any form to choose this option.
#PPFCalculator #Excel #PPF #FinCalCTV
=============================
LIKE || SHARE || COMMENT || SUBSCRIBE
Mujhe Social Media par FOLLOW kare:
Facebook : Facebook: fincalctv
Twitter : Twitter: FincalcTV
BLOG: https://fincalc-blog.in
Telegram: https://t.me/fincalc_tv
Instagram: Instagram: fincalc_tv
==========================================
MORE VIDEOS:
SIP Excel Calculator: SIP Returns Excel Calculator| SIP vs ...
Income Tax Calculator: How To Calculate Income Tax FY 2021-2...
Loan EMI Calculator: Home Loan EMI Calculator Excel with P...
20 Years SIP Calculator: 20 Years SIP Returns Excel Calculator...
PPF Excel Calculator: PPF Excel Calculator EXPLAINED in 10 ...
Loan EMI Prepayment Calculator: Home Loan EMI Prepayment | How to Sav...
==========================================
The examples used are for Illustration purpose only.
Comment in comments section if you have any queries.
Thank you for watching :)
DISCLAIMER:
Examples used are for Illustration purpose only and might not cover every detail of examples shown. It is advised to seek professional help before taking any financial decisions. The owner of this channel shall not be liable in any way.
3 سال پیش
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