PPF Calculator India – Public Provident Fund Calculator

Calculate your PPF maturity amount and interest earned using the latest 7.1% interest rate rules.

Investment Plan

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Average Yearly Interest

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Monthly Equivalent

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Estimated Maturity Amount

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Total Investment

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Total Interest Earned

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Invested Amount Wealth Gain
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"This calculator assumes the current PPF interest rate of 7.1%. Actual returns may change if the government revises PPF interest rates."

PPF Year-wise Growth

Year Investment Added Interest Earned Total Balance

Example PPF Calculation

If you invest the maximum allowed limit of ₹1,50,000 annually in your PPF account for 15 years at 7.1%:

Annual Investment: ₹1,50,000

Investment Period: 15 Years

Total Principal Invested: ₹22,50,000

Total Interest: ₹18,18,209

Maturity Amount: ₹40,68,209

The calculation follows a simple step-by-step approach: Your previous year's balance and the current year's investment are summed up, and then 7.1% interest is applied to the total, which then compounds annually.

What is PPF (Public Provident Fund)?

The Public Provident Fund (PPF) is one of India's most popular sovereign savings schemes. It carries an EEE (Exempt-Exempt-Exempt) tax status, meaning your investment, accrued interest, and maturity corpus are all 100% tax-free. To see how PPF stacks up against equity mutual funds and bank deposits, explore our ELSS vs PPF vs FD comparison guide.

If you are planning savings for a girl child, check sovereign rates on our Sukanya Samriddhi Yojana (SSY) calculator, calculate your yearly tax savings on our Section 80C tax calculator, and see how annual compounding builds wealth over 15 years using our compound interest tool.

Core Features

  • ✅ 15 Year Lock-in: Ensures long-term wealth discipline.
  • ✅ Safe Returns: Backed by the Government of India.
  • ✅ EEE Status: Exempt-Exempt-Exempt tax benefit.

Strategic Planning

PPF also provides tax deduction benefits under Section 80C. You can estimate your tax savings using our Income Tax Calculator. While PPF provides safety, for aggressive growth you can complement it with a SIP Calculator. For comparing safe returns, use our FD Calculator or CAGR Calculator.

PPF Rules in India

Minimum yearly investment ₹500
Maximum yearly investment ₹1,50,000
Lock-in period is 15 years
Can be extended in blocks of 5 years
Interest rate currently around 7.1%
Interest and Maturity are tax free
Eligible for Section 80C deduction

PPF Tax Benefits in India

Section 80C

Investments up to ₹1.5 Lakh per year are deductible from your taxable income under the Old Tax Regime.

Tax-Free Interest

Unlike bank FDs, the interest earned on your PPF balance is completely tax-free throughout the entire tenure.

Tax-Free Maturity

When you withdraw your corpus after 15 years, the entire amount is tax-free in your hands.

Frequently Asked Questions

What is the current PPF interest rate?
The current interest rate is 7.1% per annum. This is reviewed by the Ministry of Finance every quarter.
What is the lock-in period of PPF?
PPF has a mandatory lock-in period of 15 years. Partial withdrawals are permitted from the 7th financial year onwards under specific rules.
Can I extend PPF after 15 years?
Yes, you can extend it for a block of 5 years at a time. You can choose to extend with fresh investments or just let the existing corpus earn interest without new deposits.
Is PPF better than FD?
For long-term goals like retirement, PPF is generally superior to Fixed Deposits (FD) due to its tax-free interest and maturity status. Check out our FD Calculator to compare exact returns.
5. What is the current interest rate on PPF and how is it calculated?
The PPF interest rate is set quarterly by the Ministry of Finance (currently 7.1% p.a.). Interest is calculated monthly on the lowest balance between the close of the 5th day and the end of the month, but credited annually on March 31.
6. Can I extend my PPF account after the 15-year maturity period?
Yes, you can extend your PPF account indefinitely in blocks of 5 years each, with or without making further contributions, while continuing to earn tax-free compound interest.
7. Can a PPF account be attached by a court decree or creditor for debt recovery?
No, under Section 15 of the Government Savings Promotion Act, a PPF account balance cannot be attached by any court decree or order in respect of any debt or liability incurred by the account holder.
8. What are the premature withdrawal and loan facilities available against PPF?
A loan can be taken from the 3rd to 6th financial year at 1% interest above the PPF rate. Partial withdrawals are permitted from the 7th financial year onward (up to 50% of the balance).