PPF · Gandhinagar
PPF Calculator for Gandhinagar
Calculate PPF maturity at the current 7.1% rate. Open accounts at any nationalised bank, major private bank, or post office across Gandhinagar, Gujarat. 100% tax-free under EEE.
Inputs
₹
₹500₹1.50 L
yr
15 yr50 yr
Current rate7.1% p.a.
Q1 FY 2026-27 · Notified by GoI · Compounded yearly · Tax-free under 80C (EEE)
Maturity value
₹40,68,209
After 15 years · 100% tax-free
Total deposited
₹22,50,000
Tax-free interest
₹18,18,209
Year-by-year balance
EEE benefit · Locked for 15 years
Where to open a PPF account in Gandhinagar
- • Public sector banks: SBI, PNB, BoB, Canara, Union Bank — all branches in Gandhinagar
- • Private banks: ICICI, HDFC, Axis (most Gandhinagar branches accept PPF)
- • India Post: Any post office across Gandhinagar — fully digital with IPPB integration
- • Online opening: SBI YONO, PNB One, ICICI iMobile, HDFC NetBanking — instant opening if you're an existing customer
PPF vs FD for Gandhinagar savers
| PPF | 5-year FD | |
|---|---|---|
| Rate | 7.1% (govt-set) | 6.5% (varies) |
| Tax on interest | 100% tax-free | Slab rate (10–30%) |
| Lock-in | 15 years | 5 years (penalty if broken) |
| 80C eligible | Yes (₹1.5L cap) | Yes (5-year tax-saver only) |
| Effective post-tax (30% slab) | 7.10% | 4.55% |
For higher tax brackets, PPF is a clear win on debt allocation. Use FD for <5-year goals or emergency fund only.