i. Show year-wise details of deposits, accrued interest, and balance.
ii. Apply applicable rate of interest automatically depending upon the month/year of opening of account.
iii. The calculators are based on the presumption that contribution is made between 1st and 5th of the month, so that the contribution qualifies for interest for the month of contribution.
iv. The 'Fixed Yearly Deposit' and 'Variable Yearly Deposit' are based on the presumption that account is opened in the month of April and the contribution made qualifies for Interest for the whole year.
Besides above calculators the application also provides calculators for
1. Calculating the amount of available loan from PPF account and Loan rules
2. Calculating the amount of available Withdrawal from PPF account and Withdrawal rules
3. Calculating the amount of tax benefit under Section 80C depending upon your taxable income and amount of interest free income by opening a PPF account. This calculator may help in choosing a tax saving option.
4. The application also provides PPF interest rates since 1st April 1986.
