This is a major update announcement to the guest post by Karthikeyan Chellappa. He has created a neat PPF calculator which can be used to
1) calculate maturity value for fixed, monthly, Quarterly, half-yearly or annual investment or
2) calculate fixed investment requires for a required maturity value.
He was generous enough not to password protect the sheet.
I had created a PPF tracker by making simple modifications to his sheet (Sep 2014). Now, the sheet has received major updates.
The tracker can be used for new and existing PPF accounts.
The interest rate and investment limit can be varied each financial year. It also accounts for withdrawals made.
The tracker gives the loan and withdrawals limits for new PPF accounts. (This is based on my understanding of PPF rules. Kindly let me know if you think this is incorrect).
Features of the Excel PPF Calculator and Tracker
To start using the PPF tracker, all you need is the
- Balance as on March 31st of the current year
- Interest rate announced for each quarter
- Deposits made since April of the current year.
You can then start tracking future deposits, loan, withdrawals and extension.
The tracker incorporates the features of Public Provident Fund (PPF) Extension Rules Upon Maturity
Accounts can either be kept alive with withdrawals (no limit) after 15Y maturity or can be extended with deposits and withdrawals (60%) for 5Y periods
Do join me in thanking Karthikeyan for this 'open-source' calculator. Do let me know if additional features or corrections are necessary.
Note: The calculator only calculates the loan eligibility and the loan amount. If you take a loan, that amount or the outstanding balance in the loan should be deducted from the withdrawal limit. The sheet does not do this.
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I post this with apologies to reader Aditya Maheshwari for taking this long to post a PPF calculator. I was simply too lazy to do it. Thankfully Karthikeyan came to my rescue.
This sheet has 1Y extra in the tracker sheet as requested by Cshipra in the comments section: 1Y-extra-version-Jan-2016
Thanks to Sundaram Anathakrishnan for pointing out a bug in the tracker sheet.