PPF Calculator
Calculate the maturity amount of your Public Provident Fund (PPF) account — see year-by-year growth, interest earned, and total corpus.
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How to use this calculator
- 1
Enter your annual deposit — the maximum allowed is ₹1,50,000 per financial year.
- 2
The current PPF interest rate is 7.1% p.a. (review quarterly; update if the government changes it).
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PPF has a mandatory lock-in of 15 years. After maturity, you can extend in 5-year blocks.
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The calculator compounds interest annually — PPF interest is actually calculated monthly on the minimum balance between 5th and last day, but annual compounding is a close approximation.
Frequently asked questions
What is the maximum PPF deposit per year?
The maximum annual deposit in a PPF account is ₹1,50,000. The minimum is ₹500. Deposits can be made in a lump sum or up to 12 installments per year.
Is PPF interest tax-free?
Yes — PPF enjoys EEE (Exempt-Exempt-Exempt) tax status: contributions qualify for deduction under Section 80C, interest earned is tax-free, and the maturity amount is completely tax-exempt.
Can I withdraw before 15 years?
Partial withdrawals are allowed from the 7th financial year onwards — up to 50% of the balance at the end of the 4th year preceding the year of withdrawal, or the balance at the end of the immediately preceding year, whichever is lower.
Can I extend my PPF beyond 15 years?
Yes — at maturity, you can extend the account in 5-year blocks indefinitely. You can continue depositing (and earn Section 80C benefit) or extend without deposits (balance continues to earn tax-free interest).
PPF Calculator — Tax-free returns with government backing
Why PPF remains popular despite lower rates
PPF offers sovereign guarantee (no risk of default), complete tax exemption (EEE status), and returns currently higher than most bank FDs on a post-tax basis. A 7.1% PPF return is equivalent to a ~10% pre-tax FD return for someone in the 30% tax bracket.
Maximising PPF: invest before April 5th
PPF interest is calculated on the minimum balance between the 5th and last day of each month. Depositing your annual contribution before April 5th each year ensures you earn interest for the full month of April. Depositing on April 6th or later loses one month of interest.
PPF vs ELSS for tax-saving under 80C
ELSS mutual funds have a 3-year lock-in (vs PPF's 15 years) and have historically returned 12–15% p.a. (vs PPF's 7.1%). ELSS gains above ₹1.25L are taxed at 12.5% LTCG. For investors with a long horizon and risk tolerance, ELSS often builds more wealth. PPF suits conservative investors or those near retirement.
Learn more from an authoritative source:
InvestopediaEPF Calculator
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Results are estimates for informational purposes only and do not constitute professional financial, medical, legal, or technical advice. Read full disclaimer →