PPF Calculator
Calculate PPF maturity value, total interest, and year-by-year growth for any annual deposit.
PPF calculator computes the maturity value of your Public Provident Fund account for any annual deposit, interest rate, and duration. Enter your yearly investment, set the rate to the current 7.1%, and choose 15, 20, 25, or 30 years. The result shows total invested, interest earned, and a full year-by-year breakdown. PPF interest is completely tax-free under EEE status.
Current PPF rate: 7.1% p.a. (Q1 FY 2025-26)
15 yr lock-in + optional 5-yr extensions
Maturity Value
₹40.68 L
after 15 years at 7.1%
PPF interest is tax-free under EEE status. Rate shown is the current government-declared rate and may change quarterly.
Frequently Asked Questions
- What is the PPF maturity amount for ₹1.5 lakh per year?
- Investing ₹1,50,000 per year in PPF at 7.1% for 15 years gives a maturity amount of approximately ₹40.68 lakh. Total invested is ₹22.5 lakh and interest earned is around ₹18.18 lakh. Extending for 5 more years to 20 years grows the corpus to roughly ₹66.58 lakh.
- What is the current PPF interest rate?
- The PPF interest rate for Q1 FY 2025-26 (April to June 2025) is 7.1% per annum. The government reviews this rate every quarter. PPF rates have stayed at 7.1% since April 2020. All interest is compounded annually and credited to your account on March 31 each year.
- Can I extend PPF after 15 years?
- Yes. PPF accounts extend in 5-year blocks after the 15-year term. With contributions: continue depositing up to ₹1.5 lakh per year. Without contributions: the balance keeps earning interest with no new deposits. Submit Form H to your bank or post office before the maturity date.
- What is the minimum and maximum deposit in PPF?
- The minimum PPF deposit is ₹500 per year. The maximum is ₹1,50,000 per year. Deposits above ₹1.5 lakh earn no interest and get no tax benefit. You can deposit in one lump sum or up to 12 instalments in a financial year.
- Is PPF interest taxable?
- No. PPF has EEE (Exempt-Exempt-Exempt) tax status. The deposit qualifies for deduction under Section 80C up to ₹1.5 lakh per year. The interest earned each year is tax-free. The maturity amount is fully exempt from income tax. No TDS is deducted on PPF interest.
- When does PPF interest get credited?
- PPF interest is credited on March 31 each year. However, interest is calculated on the minimum balance between the 5th and the last day of each month. To maximise interest, deposit before the 5th of April each financial year. Deposits after the 5th miss out on interest for that month.
What is PPF Calculator?
PPF calculator finds the maturity value of a Public Provident Fund account for any deposit, rate, and duration. PPF is a government-backed savings scheme. It offers a fixed, sovereign-guaranteed return and complete tax exemption at all three stages: deposit, interest accrual, and withdrawal.
The calculator shows total invested, total interest, and a year-by-year balance table.
How does it work?
PPF interest compounds annually at the government-declared rate. The deposit is made at the start of each financial year. Interest applies to the opening balance plus the new deposit. At year-end, interest is credited and becomes part of next year's opening balance.
The formula: closing balance = (opening + deposit) × (1 + rate). Repeat for each year to get the maturity amount. At 7.1%, ₹1.5 lakh per year doubles in roughly 10 years.
Deposits after April 5 lose that month's interest. The calculator assumes start-of-year deposits, giving the highest possible return for a given amount.
PPF Calculator in India
PPF was introduced in 1968 by the Ministry of Finance. Post offices and most nationalised banks offer PPF accounts. Since 2019, select private banks including ICICI, Axis, and HDFC also operate them.
The 15-year lock-in is firm. Partial withdrawals are allowed from year 7 onward. The limit is 50% of the balance at end of the 4th preceding year. Premature closure is restricted to serious illness or higher education, and only after 5 years.
The Section 80C limit is ₹1.5 lakh per year. PPF, EPF contribution, ELSS, life insurance premium, home loan principal, and NSC all share this cap.
Tips to get the best results
- Deposit before April 5 each year. Interest is computed on the minimum balance between the 5th and last day of each month. An April deposit before the 5th earns interest for the full year.
- Invest the full ₹1.5 lakh annually if your budget allows. The 80C deduction plus tax-free compounding makes PPF hard to match for risk-averse investors.
- Use the 20 or 25-year option to model extensions. A 20-year PPF at ₹1.5 lakh per year produces nearly ₹66 lakh, up from ₹40 lakh at 15 years.
- Do not confuse calendar year and financial year. PPF runs April to March. A January 2025 deposit falls in FY 2024-25 and counts toward that year's ₹1.5 lakh ceiling.
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