PPF Calculator: The Public Provident Fund (PPF) is basically considered a long-term investment tool that can be used after retirement,  higher studies of a child or marriage. What you need to do is skip PPF withdrawal after 15 years of maturity, but make sure you extend it for next 5 years by using Form-H.

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Speaking on the PPF account maturity, Mumbai-based tax and investment expert Balwant Jain said, "A PPF account can be extended for next five years after the 15 years maturity period, however, to avail the PPF benefit for next five years, the PPF account holder will have to submit the Form-H within one year of 15 year maturity." Jain said that one can extend PPF account in blocks of 5 years for unlimited number of times as there is no limit as to how many times a PPF account holder can extend its PPf account after 15 years of maturity period. Jain also said that PPF interest rate is currently at 7.1 per cent, which is announced quarterly by the central government.

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So, assuming PPF interest rate at 7.1 per cent, if an investor invests Rs 90,000 per annum or Rs 7,500 per month, he or she will get a PPF maturity amount of Rs 2,616,310 or Rs 26.16 lakh. After 15 years, one can use this money for the higher studies of one's child.

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Courtesy: Groww

However, in case, other investments are enough to meet the higher studies requirements of the child, PPF account can be extended for next five years by submitting Form-H. If this is done on two occasions, PPF investment period would become 25 years and the same Rs 90,000 per annum or Rs 7,500 per month investment will grow up to Rs 6,996,462 or Rs 69.96 lakh.

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Courtesy: Groww

The PPF account holder can accumulate this much of amount by simply saving Rs 250 per day (7,500/30 = 250). In other words, we can also say that a PPF account holder can grow up to Rs 69.96 lakh money by simply saving Rs 250 per day!