PPF Calculator
Estimate your PPF maturity amount with yearly contribution and interest.
Max ₹1,50,000 per year (Section 80C limit)
Current govt. rate: 7.1% (revised quarterly)
Min 15 years, extendable in blocks of 5 years
Total Deposited
Interest Earned
Maturity Value
💡 PPF enjoys EEE tax status — deposits, interest, and maturity are all tax-free!
| Year | Deposit | Interest | Balance |
|---|---|---|---|
What is a Public Provident Fund (PPF)?
The Public Provident Fund (PPF) is a long-term, government-backed savings scheme that offers attractive interest rates along with tax benefits. Established under the PPF Act of 1968, it is one of the most popular tax-saving instruments in India. PPF accounts can be opened at any post office or authorized bank, and the scheme is backed by the Government of India, making it virtually risk-free.
Key Features of PPF
PPF has a minimum lock-in period of 15 years, which can be extended in blocks of 5 years. The minimum annual deposit is ₹500, and the maximum is ₹1.5 lakh. Interest is computed annually but compounded on a yearly basis, and the current PPF interest rate is set quarterly by the government (7.1% as of 2024-25). The most attractive feature is the EEE (Exempt-Exempt-Exempt) tax status—your contribution qualifies for Section 80C deduction, the interest earned is tax-free, and the maturity amount is completely exempt from tax.
PPF Interest Calculation
PPF interest is calculated on the minimum balance between the 5th and the last day of each month. This means deposits made before the 5th of the month earn interest for that month, while deposits made after the 5th only earn interest from the following month. Our calculator factors this in by assuming deposits are made before the 5th. The annual interest is credited to your account at the end of each financial year (March 31).
Partial Withdrawal and Loan Against PPF
Partial withdrawals from PPF are allowed from the 7th financial year onwards. The maximum withdrawal amount is 50% of the balance at the end of the 4th preceding year or the immediately preceding year, whichever is lower. Additionally, you can avail a loan against your PPF balance from the 3rd to the 6th financial year, at an interest rate of 1% above the prevailing PPF rate.
Using the PPF Calculator
Enter your annual deposit amount, the current PPF interest rate, and the investment period (15 to 50 years in multiples of 5 after the initial 15 years). The calculator will show your total deposits, total interest earned, and maturity value with a year-by-year breakdown. Plan your long-term savings strategy by seeing how even modest annual contributions can grow into significant wealth over the PPF's extended tenure.
Frequently Asked Questions
The PPF interest rate is set by the Government of India and revised quarterly. As of FY 2024-25, the rate is 7.1% per annum, compounded annually. The rate has ranged from 7.1% to 8.7% over the past decade. Our calculator uses the rate you specify, so you can model different scenarios.
Partial withdrawal is allowed from the 7th financial year onwards. The maximum withdrawal is 50% of the balance at the end of the 4th year preceding the year of withdrawal, or the balance at the end of the preceding year, whichever is lower. Full premature closure is only allowed under specific conditions like serious illness or higher education.
PPF enjoys EEE (Exempt-Exempt-Exempt) tax status, making it one of the most tax-efficient instruments. Your annual contribution up to ₹1.5 lakh qualifies for Section 80C deduction. The interest earned is completely tax-free. The maturity amount, including all accumulated interest, is exempt from tax.
Yes, PPF accounts can be extended in blocks of 5 years after the initial 15-year maturity. You can extend with or without fresh contributions. If you extend with contributions, the ₹1.5 lakh annual limit and 80C benefits continue. If you extend without contributions, the existing balance continues to earn interest.