PPF Calculator

Calculate Public Provident Fund (PPF) maturity amount with year-wise breakdown

Calculation Mode

Min ₹500 · Max ₹1,50,000 per year
Applied to future months; past months use historical rates
Min ₹100 · Max ₹12,500 per month
Applied to future months; past months use historical rates
Past years auto-use historical PPF rates. Rate column applies to future years only.
Yr Deposit (₹) Rate (%)
Enter monthly deposit amounts for each year.
Yr

Enter your PPF details and click Calculate

Maturity Amount

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Total Investment

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Interest Earned

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Year-wise Breakdown All amounts in ₹
Yr Period Opening Deposit Interest Rate Closing

How to Use

  1. Annual Investment — enter how much you plan to deposit per year (₹500 minimum, ₹1.5 lakh maximum).
  2. PPF Interest Rate — the current rate is pre-filled (7.1% for Q1 2026). You can change it to model different scenarios.
  3. Duration — default is 15 years (the mandatory lock-in). You can extend in 5-year blocks.
  4. View Year-wise Table — see your opening balance, annual interest, and closing balance for each year, plus the final maturity amount.

What is PPF (Public Provident Fund)?

The Public Provident Fund (PPF) is a long-term savings scheme backed by the Government of India. Introduced in 1968 by the Ministry of Finance, it offers a combination of tax efficiency, safety, and reasonable returns that no market-linked product can fully replicate.

Key Features of PPF

  • Tenure: 15 years (mandatory lock-in), extendable in 5-year blocks indefinitely.
  • Interest Rate: Currently 7.1% p.a., compounded annually. Declared by the government every quarter.
  • Investment Limit: Minimum ₹500/year, Maximum ₹1,50,000/year.
  • Tax Benefits (EEE status):
    • Contribution: Deductible under Section 80C (up to ₹1.5L/year)
    • Interest: Tax-free
    • Maturity proceeds: Tax-free
  • Loan against PPF: Available from Year 3 to Year 6.
  • Partial Withdrawal: Allowed from Year 7 onwards (up to 50% of balance).

PPF Interest Calculation

Interest is calculated on the minimum balance between the 5th and last day of each month. This means deposits made before the 5th of the month earn interest for that month. It is credited at the end of each financial year (March 31).

For maximum returns, always deposit before April 5 of each year to earn interest on the full year's deposit amount.

PPF Maturity Example

Investing ₹1,50,000 per year for 15 years at 7.1% p.a.:

  • Total Invested: ₹22,50,000
  • Total Interest Earned: ₹18,18,209
  • Maturity Value: ₹40,68,209 (fully tax-free)

PPF vs. Other Tax-Saving Options

Unlike ELSS mutual funds (market risk), PPF offers guaranteed returns. Unlike FDs, PPF interest is entirely tax-free. The EEE (Exempt-Exempt-Exempt) status makes its effective post-tax yield significantly higher than the stated 7.1% — especially for investors in the 30% tax bracket.

Frequently Asked Questions

7.1% per annum (Q1 FY 2025-26). The government reviews and notifies the PPF rate every quarter. It has been 7.1% since April 2020. Historical rates ranged from 8.0–8.8% in 2012–2017.

Premature closure is allowed only in exceptional circumstances (serious illness of self/family, higher education of minor child) after completing 5 financial years — but at a 1% interest penalty. Partial withdrawal (up to 50% of the balance at the end of the 4th year preceding the application) is allowed from the 7th financial year.

No. The annual deposit limit is ₹1.5 lakh per account. Deposits above this limit earn no interest and do not qualify for 80C deduction. A minor's PPF account opened by a parent counts towards the parent's ₹1.5 lakh limit.

Deposit before the 5th of April (the start of the financial year). PPF interest is calculated on the minimum balance between the 5th and the last day of each month. Depositing on April 1–4 ensures the full annual deposit earns 12 months of interest. Depositing after April 5 loses one month's interest on the new deposit.

NRIs cannot open a new PPF account. However, if a resident Indian becomes an NRI during the 15-year term, they can continue the existing account until maturity at the prevailing interest rate. No extension is allowed for NRIs after maturity.

No. You have three options: (1) Close and withdraw the full maturity amount; (2) Extend for 5-year blocks without fresh deposits — the balance continues to earn interest; (3) Extend with fresh deposits — full benefits of contributions (80C + EEE) continue. Extension must be applied within one year of maturity.

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