1. What is a PPF Maturity Date Calculator?

Definition: This calculator determines the maturity date of a Public Provident Fund (PPF) account based on its start date.

Purpose: It helps investors plan their PPF investments by showing exactly when their account will mature after the mandatory 15-year period.

2. How Does the Calculator Work?

The calculator uses the simple formula:

Explanation: The PPF account matures exactly 15 years from the date of opening. This calculator adds exactly 15 years to your start date.

3. Importance of PPF Maturity Date

Details: Knowing your PPF maturity date helps in financial planning, as PPF accounts can be extended in blocks of 5 years after maturity.

4. Using the Calculator

Tips: Simply enter the date when your PPF account was opened (start date) and the calculator will show the maturity date after 15 years.

5. Frequently Asked Questions (FAQ)

Q1: Can I extend my PPF account after maturity?
A: Yes, you can extend your PPF account in blocks of 5 years after the initial 15-year period.

Q2: Does the maturity date change if I miss contributions?
A: No, the maturity date remains fixed at 15 years from the start date regardless of contribution patterns.

Q3: What if my start date is February 29 (leap year)?
A: The calculator automatically handles leap years and will show March 1 as the maturity date for leap year start dates.

Q4: Can I withdraw before the maturity date?
A: Partial withdrawals are allowed from the 7th financial year onward, subject to certain conditions.

Q5: Is the maturity amount taxable?
A: No, the entire PPF maturity amount is tax-free under Section 10C of the Income Tax Act.