Mahajani Interest Calculator (महाजनी ब्याज)

While taking loan from Bank you have to pay EMI. the EMI included both loan amount and interest. On the other hand while taking money from Mahajan/ Sahukar you have to pay interest on monthly basis and principal amount is payable full in one time.

Here with the help of Mahajani Interest Calculator (कैलकुलेटर)you can check how much interest you have to pay if taking loan from Mahajan/Sahukar साहूकार ब्याज गणना.

PPF Calculator

PPF stands for Public Provident Fund

Any Citizen of India can open PPF account. The interest rates on PPF account is decided by the government of India in each quarter. Currently PPF interest rate is 7.1 %.  By the view of Tax PPF investments comes under "EEE" criteria. That makes is best tax free investment.

Want to know how much about PPF amount of interests earned over the period or how your investment grows over the years, final maturity amount etc. Here is a online PPF calculator to Calculate the respective amount with variable time and interest rates. PPF is a scheme used for Long term investment and tax saving No tax is applicable on the amount invested under PPF and on interest earn.

What is Public Provident Fund (PPF) ?

PPF or Public Provident Fund is a Government of India long term small savings cum tax saving scheme. The PPF account provides fixed returns to investors at rates that are decided by the Indian Govt. in Each Financial Quarter and features a maturity of 15+ years. India’s PPF scheme was launched in 1968 with the aim of promote small savings from every Indian to help secure the financial future.

PPF is EEE ?

PPF investments are tax free by three way. Investment is Tax Free, Interest Earned on PPF is Tax Free and finally when your PPF account is mature you can take your saving also tax free. EEE Means Exempted, Exempted and Exempted.

Can I take Loan against PPF ?

The option of loan against PPF is available from the 3rd year calculated from the account opening date till the end of the 6th year of the PPF account. The amount that can be availed as a loan is linked to the total value of PPF deposits plus any accrued interest.

The amount that be availed as loan against PPF as calculated by the PPF return calculator is equal to 25% of the PPF balance in the account for the year preceding the year of PPF loan application. For example, if you apply for a PPF account in March 2019, the qualifying amount will be calculated based on the closing balance in March 2018.

PPF Advantage

• Current interest rate : 7.1 % (For July 2021 to Sep 2021) -  Revised in Each Quarter.
• Duration of scheme : 15 years (After completion of 15 years, you can extend in 5-5 years of block, any number of times)
• Minimum deposit amount (per year) :  500
• Maximum deposit amount (per year) :  1,50,000 (As per limit defined in section 80C)
• 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 a period of 5 years multiple times.
• Tax savings (investment) : under section 80C (upto 1.5 Lac as on 31 march 2019 and onwards)
• Tax savings (interest earned and final amount) : fully exempted from wealth tax

PPF Interest Rate History

PPF interest rates are reviewed and revised in each quarter by India Govt.  PPF Interest History -You can check previous Year's PPF Interest rates.

RD Calculator

RD stands for Recurring Deposit

RD is slightly different from FD. In FD you have to deposit whole amount in one time on the other hand with RD you can deposit small amount in every month. It's best option for saving on Monthly basis with small amounts and at maturity you would get your deposited amount with interest. A person can open RD in post office and Bank.

Its a online Recurring Deposit (RD) calculator to calculate the maturity amount earned on your investment with interest rate. RD is used to save money with monthly basis. Calculate the interest earned and the amount of Post Office RD - Recurring Deposit you will accumulate using the scheme.

RD Features 

• RD schemes are effective in making a regular habit of money saving.
• The minimum amount that can be deposited in RD accounts may start from an amount as small as Rs.10. The minimum amount defers from bank to bank.
• The minimum period of deposit starts from 6 months to period of 10 years.
• RD interest rates are equal to that offered on a Fixed Deposit, which is generally higher than any other Savings schemes.
• RD accounts do not allow premature or mid-term withdrawals. However, the bank may allow closing the account before the maturity period with a penalty for premature withdrawal.
• RD offers an additional benefit to take a loan against the deposit.
• RD can be funded periodically directly from your Savings or Current account.

Tax Treatment on RD

Tax are applicable as per income tax slab you fall into. There is not tax benefit on RD. We can say RD is a "TTT" type of investment for the purpose of tax rebate.

FD Interest Calculator

FD stands for Fixed Deposit

FD's are most common investment planning widely used by Indian's for future saving in Bank or Post office. There are many formulas and conditions are applied while calculating interest on FD amount. Different bank's offer different rates of Interest for different - different time period.

You can calculate and check the same with below FD Interest calculators. If you break FD before it's mature, banks impose some penalty in form of lower interest.

Be careful and acknowledged this from bank in advance, so when ever you stuck in such a situation, you will be prepare in advance and compare policies of various banks.

Want to know how much you can earn interest on specific amount on FD - Fixed Deposit in Bank or Post Office. Here is a online FD interest calculator which gives maturity amount and interest you can earn with various methods of interest compounding like -

1. Simple Interest
2. Compound Annually Interest
3. Compound Semi Annually Interest
4. Compound Quarterly Interest
5. Compound Monthly Interest

Tax Treatment on Fixed Deposits

There are two types of Fixed deposits

A. Fixed Deposit

In normal fixed deposit you have to pay tax on interest as per your income tax slab. There is no rebate in income tax. TDS is also deducted as per law for FD's. FD's are classified in "TTT" category. You have to pay tax for principle amount, for interest earned and for maturity amount also.

B. Tax Saving Fixed Deposit

There are Tax Saving FD are also available under Section 80c, in which you will get tax rebate for principle amount upto 1,50,000 (INR) in a financial year. Whatever interest you earned with Tax saving FD will attract tax as per your slab.

These Tax saving FD has a fixed 5 year period also. You can't break them in between. Tax saving FD's are classified under "ETT" category. Means only Investment is tax free, earned interest and maturity is not tax free.