PPF Calculator
Calculate the maturity amount of your Public Provident Fund (PPF) with year-wise interest and balance breakdown. Based on current 7.1% p.a. interest rate.
Enter PPF details and click
Calculate PPF Returns
What is a PPF Calculator?
A PPF (Public Provident Fund) calculator estimates the maturity corpus you can build by investing in the government-backed PPF scheme. PPF offers tax-free interest income, tax deduction on investment under Section 80C, and EEE (Exempt-Exempt-Exempt) tax status — one of the best long-term savings instruments in India.
PPF Interest Calculation
PPF interest is calculated on the minimum balance between the 5th and last day of each month, and credited annually on March 31st.
Where r = annual interest rate ÷ 100. The government revises the PPF rate quarterly.
Key PPF Rules
- Lock-in: 15 years mandatory. Can extend in 5-year blocks
- Minimum deposit: ₹500 per year
- Maximum deposit: ₹1,50,000 per year
- Tax benefit: Deduction under Section 80C; interest and maturity are tax-free
- Partial withdrawal: Allowed from Year 7 onwards
- Loan facility: Available from Year 3 to Year 6
EEE Tax Advantage
- Exempt: Investment qualifies for 80C deduction (up to ₹1.5L/year)
- Exempt: Interest earned is fully tax-free
- Exempt: Maturity amount is completely tax-free
PPF Calculation Example
If you invest ₹1,50,000 per year in PPF at 7.1% for 15 years:
- Total Invested: ₹22,50,000
- Interest Earned: ₹18,18,209 (approx, tax-free)
- Maturity Amount: ₹40,68,209
If you extend for 5 more years (20 years total), the maturity grows to approximately ₹66,58,288 — almost 3x your investment. The tax-free nature makes PPF even more powerful compared to FDs for those in higher tax brackets.
Tax Savings Comparison
At ₹1.5L annual investment with 30% tax bracket: you save ₹46,800 in income tax per year (₹1.5L × 30% + 4% cess). Over 15 years, that's ₹7,02,000 in tax savings alone!
Frequently Asked Questions
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PPF (Public Provident Fund) is a government-backed, long-term savings scheme in India with a 15-year lock-in period. It offers guaranteed, tax-free returns and qualifies for Section 80C tax deduction.
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The PPF interest rate for FY 2025-26 is 7.1% per annum, compounded annually. The government reviews this rate quarterly. Historically, it has ranged from 7.1% to 12%.
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No. The maximum deposit limit is ₹1,50,000 per financial year per PPF account. Any excess amount beyond this limit earns no interest and is not eligible for 80C deduction.
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Full withdrawal is only allowed at maturity (15 years). Partial withdrawals are permitted from Year 7, up to 50% of the balance at the end of Year 4 (or Year preceding withdrawal, whichever is lower). Premature closure is allowed only in specific circumstances (medical emergency, higher education, etc.) after 5 years.
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Yes. After the initial 15-year tenure, you can extend the PPF account in blocks of 5 years, either with continued contributions or without (just allowing the existing balance to earn interest). Extending without contributions still earns the prevailing PPF rate tax-free.
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PPF offers guaranteed, tax-free returns with a 3-year shorter lock-in when compared to ELSS (3-year lock-in). ELSS (Equity Linked Savings Scheme) is market-linked and can potentially give higher returns (12–15%) but with market risk. PPF is better for risk-averse investors; ELSS suits those comfortable with equity risk.