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Facts About PPF: Year Opening Balance Interest Earned Amount Deposited Closing Bal Before Interest

The document shows details of returns from a Public Provident Fund (PPF) account over 15 years and an Annual Recurring Deposit (ARD) account over the same time period. Key details include an annual maximum deposit of Rs. 1.5 lakh in the PPF earning an interest rate of 8.7% and an annual deposit of Rs. 60,000 in the ARD. For both schemes, the tables illustrate the opening balance, deposits, interest earned and closing balance each year.

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Sujata Dongre
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43 views

Facts About PPF: Year Opening Balance Interest Earned Amount Deposited Closing Bal Before Interest

The document shows details of returns from a Public Provident Fund (PPF) account over 15 years and an Annual Recurring Deposit (ARD) account over the same time period. Key details include an annual maximum deposit of Rs. 1.5 lakh in the PPF earning an interest rate of 8.7% and an annual deposit of Rs. 60,000 in the ARD. For both schemes, the tables illustrate the opening balance, deposits, interest earned and closing balance each year.

Uploaded by

Sujata Dongre
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
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Year

Amount
Deposited

Opening Balance

closing bal before


Interest Earned
interest

150000

150000

13050

163050

150000

313050

27235

340285

150000

490285

42655

532940

150000

682940

59416

742356

150000

892356

77635

969991

150000

1119991

97439

1217430

150000

1367430

118966

1486397

150000

1636397

142367

1778763

150000

1928763

167802

10

2096565

150000

2246565

195451

11

2442017

150000

2592017

225505

12

2817522

150000

2967522

258174

13

3225697

150000

3375697

293686

14

3669382

150000

3819382

332286

15

4151668

150000

4301668

374245

2250000

2425914

Facts About PPF


Interest rate : 8.7%
Duration of scheme : 15 years
Min. deposit amount (per year) : 500
Max. deposit amount (per year) : 1,50,000
Number of installments every year : 1 (Min) to 12 (Max)
Number of accounts one can open : Only One
Lock-in period : 15 years (partial withdrawals can be made from the sixth year)

Extension of PPF Account : After the maturity period (15 years), it can be extended for
Tax savings (contribution) : under section 80C (upto 1.5 L)
Tax savings (interest earned and final amount) : fully exempted from wealth tax

Closing Balance after


interst

the sixth year)

Withdrawal
(Max.) allowed

Loan (Max.)

163050

340285

532940

40763

742356

85071

969991

133235

1217430

185589

1486397

266470

1778763

371178

2096565

484996

2442017

608715

2817522

743198

3225697

889381

3669382

1048282

4151668

1221008

4675914

1408760

can be extended for a period of 5 years

from wealth tax

17,862,607.00

RETURNS ON ANNUAL RECURRING DEPOSIT

Year

Opening Balance

Amount
Deposited

closing bal before


interest

60000

60000

60000

60000

120000

120000

60000

180000

180000

60000

240000

240000

60000

300000

300000

60000

360000

360000

60000

420000

420000

60000

480000

480000

60000

540000

10

540000

60000

600000

11

600000

60000

660000

12

660000

60000

720000

13

720000

60000

780000

14

780000

60000

840000

15

840000

60000

900000

900000

RING DEPOSIT

Closing Balance
after interst

Interest Earned

60000

9600

129600

14400

194400

19200

259200

24000

324000

28800

388800

33600

453600

38400

518400

43200

583200

48000

648000

52800

712800

57600

777600

62400

842400

67200

907200

72000

972000

Loan (Max.)

Withdrawal (Max.)
allowed

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