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The best PPF calculator ( for variable and regular fixed annual investments) http://ppf-calculator.com/ 1. Eligibility and investment A ll individuals can open a PPF account. An individual can also open an account on behalf of a minor. A person cannot open more than one account in his or her name or even have a joint account. While NRIs are not allowed to open an account, if an individual becomes an NRI while the account is in operation, then he or she can continue to invest in the PPF account, on a non-repatriation basis. The minimum amount of investment in a PPF account is Rs 500 per annum and the maximum amount of investment in a year is Rs 1,00,000 (w.e.f. 01st Dec, 2011). In case of a minor's account, the investment in the minor's and guardian's account together cannot exceed Rs 1, 00,000 per annum. Deposits can be made in a maximum of 12 installments in a year. 2. Duration The PPF account comes with a lock-in period of 15 years which makes