PPF Calculator

Estimate PPF maturity. Max ₹1.5L per year. Current rate ~7.1%. 15-year tenure.

Gratuity PPF EPF / PF EMI SIP FD NPS Income Tax HRA

Annual contribution (₹, max 1.5L)

₹

Years

yrs

Interest rate (p.a.) %

PPF maturity

Total contribution₹ 15,00,000

Interest earned₹ 10,32,343

Maturity amount₹ 25,32,343

PPF has 15-year lock-in. Tax-free returns. Current govt rate ~7.1% (updated periodically).

Public Provident Fund (PPF) is a government-backed, long-term savings scheme with a 15-year lock-in. It offers tax-free returns under the EEE (Exempt-Exempt-Exempt) regime. Contributions qualify for 80C deduction, interest is tax-free, and maturity is tax-free.

What is this calculator?

A PPF Calculator estimates the maturity amount of your PPF account. Enter your annual contribution (₹500 to ₹1.5 lakh), tenure, and the prevailing interest rate. The calculator shows total contributions, interest earned, and the maturity value.

Formula

PPF compounds annually. The future value of annual contributions:

FV = P × [((1 + r)^n − 1) / r]

Where P = annual contribution, r = interest rate (decimal), n = number of years.

PPF interest is calculated on the lowest balance between the 5th and the last day of each month, so deposit before the 5th to maximize interest.

Example

Annual contribution: ₹1,50,000 (maximum allowed). Rate: 7.1% p.a. Tenure: 15 years. Total contribution: ₹22,50,000. Interest earned: ₹18,18,209. Maturity amount: ₹40,68,209. After 15 years, you can extend in blocks of 5 years with or without fresh contributions.

Benefits

✓Completely tax-free: investment, interest, and maturity are all exempt.
✓Government-backed, so zero default risk.
✓Forced saving with 15-year lock-in builds discipline.
✓Partial withdrawals allowed from year 7; loans allowed from year 3 to year 6.

Frequently Asked Questions

What is the current PPF interest rate?: The government reviews PPF rates quarterly. As of the latest quarter, the PPF rate is approximately 7.1% per annum. Check the Finance Ministry notification for the exact current rate.
Can I withdraw PPF before 15 years?: Partial withdrawal is allowed from the 7th year onwards, up to 50% of the balance at the end of the 4th year or the preceding year, whichever is lower. Full premature closure is allowed after 5 years only for serious illness or higher education.
Is there a minimum and maximum contribution?: Minimum: ₹500 per year (account becomes inactive if not deposited). Maximum: ₹1,50,000 per year. Deposits beyond ₹1.5L will not earn interest.
Can NRIs open a PPF account?: NRIs cannot open new PPF accounts. However, accounts opened before becoming an NRI can continue until maturity (15 years) but cannot be extended.
PPF vs FD: which is better?: PPF offers tax-free returns at ~7.1%, which is effectively higher than most FD post-tax returns. PPF has a longer lock-in (15 years vs 5 years for tax-saver FD), but the EEE benefit makes it superior for long-term savings.

Interest rate may change quarterly based on government policy. This calculator assumes a constant rate for the entire tenure.