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PPF CalculatorPlan Your Public Provident Fund Investment & Estimate Maturity Value

Calculate your PPF maturity amount, interest earned, and year-by-year growth with India's most trusted government-backed savings scheme.

₹Enter Your Details

₹
₹500₹1,50,000
yrs
15 yrs50 yrs
%
1%15%

Current government-set rate: 7.1% (since Apr 2020)

📊Investment Summary

Total Amount Invested₹22,50,000
Total Interest Earned₹18,18,208
Maturity Value₹40,68,208
Invested (55%)Returns (45%)

Rate

7.1%

Tenure

15 yrs

Wealth Gain

80.8%

Growth Over Years

Yr 1: ₹1,60,650
1
Yr 2: ₹3,32,706
2
Yr 3: ₹5,16,978
3
Yr 4: ₹7,14,333
4
Yr 5: ₹9,25,701
5
Yr 6: ₹11,52,076
6
Yr 7: ₹13,94,523
7
Yr 8: ₹16,54,184
8
Yr 9: ₹19,32,281
9
Yr 10: ₹22,30,123
10
Yr 11: ₹25,49,112
11
Yr 12: ₹28,90,749
12
Yr 13: ₹32,56,642
13
Yr 14: ₹36,48,514
14
Yr 15: ₹40,68,208
15

Year-wise Breakdown

YearOpening BalanceDepositInterest EarnedClosing Balance
1₹0₹1,50,000₹10,650₹1,60,650
2₹1,60,650₹1,50,000₹22,056₹3,32,706
3₹3,32,706₹1,50,000₹34,272₹5,16,978
4₹5,16,978₹1,50,000₹47,355₹7,14,333
5₹7,14,333₹1,50,000₹61,368₹9,25,701
6₹9,25,701₹1,50,000₹76,375₹11,52,076
7₹11,52,076₹1,50,000₹92,447₹13,94,523
8₹13,94,523₹1,50,000₹1,09,661₹16,54,184
9₹16,54,184₹1,50,000₹1,28,097₹19,32,281
10₹19,32,281₹1,50,000₹1,47,842₹22,30,123
11₹22,30,123₹1,50,000₹1,68,989₹25,49,112
12₹25,49,112₹1,50,000₹1,91,637₹28,90,749
13₹28,90,749₹1,50,000₹2,15,893₹32,56,642
14₹32,56,642₹1,50,000₹2,41,872₹36,48,514
15₹36,48,514₹1,50,000₹2,69,694₹40,68,208

What is PPF (Public Provident Fund)?

The Public Provident Fund (PPF) is a long-term savings scheme introduced by the Government of India in 1968 under the Public Provident Fund Act. Backed by the sovereign guarantee of the Indian government, PPF is one of the safest and most popular investment instruments available to Indian residents for building a retirement corpus and saving on taxes.

PPF accounts can be opened at any designated post office or nationalised bank branch. The scheme mandates a minimum lock-in period of 15 years, which can be extended indefinitely in blocks of 5 years. The interest rate is set quarterly by the Ministry of Finance and is currently 7.1% per annum (since April 2020), compounded annually.

One of the most compelling features of PPF is its EEE (Exempt-Exempt-Exempt) tax status ”” your annual contributions qualify for deduction under Section 80C of the Income Tax Act (up to ₹1,50,000), the interest earned is completely tax-free, and the maturity amount is also exempt from tax. This triple tax benefit makes PPF unmatched among comparable fixed-income instruments in India.

PPF Interest Rate History

The Government of India revises the PPF interest rate every quarter. Here is a summary of recent rate changes:

PeriodInterest Rate (p.a.)
Apr 2020 – Present7.1%
Oct 2018 – Mar 20208.0% → 7.9%
Jan 2018 – Sep 20187.6%
Jul 2017 – Dec 20177.8%
Apr 2016 – Jun 20178.0% → 8.1%
Apr 2013 – Mar 20168.7%
Dec 2011 – Mar 20138.6%
Apr 2010 – Nov 20118.0%

PPF Account Rules

💰

Deposit Limits

Minimum ₹500 per year to keep the account active. Maximum deposit capped at ₹1,50,000 per financial year. Contributions can be made in a single lump sum or up to 12 instalments.

🔒

15-Year Lock-in

The mandatory tenure is 15 financial years from the year of account opening. After maturity, extend in blocks of 5 years with or without fresh contributions, indefinitely.

🏦

Partial Withdrawal

Allowed from the 7th financial year. Withdraw up to 50% of the balance at the end of the 4th preceding year. Only one withdrawal is permitted per financial year.

📋

Loan Facility

Available between the 3rd and 6th financial year. Borrow up to 25% of the balance at end of the 2nd preceding year. Interest charged at PPF rate + 1%.

👤

Eligibility

Any Indian resident individual can open a PPF account. Accounts can be opened for minor children (operated by parent/guardian). Only one account per individual is allowed.

📍

Where to Open

Open at any nationalised bank, select private banks, India Post offices, or through authorised online banking platforms. Account transfers between branches are supported.

Tax Benefits of PPF

PPF enjoys the coveted EEE (Exempt-Exempt-Exempt) status under Indian tax law, making it one of the most tax-efficient investment options available.

✅ Exempt

Investment

Section 80C

Annual contributions up to ₹1,50,000 are eligible for tax deduction under Section 80C of the Income Tax Act. This can reduce your taxable income by up to ₹1.5 lakh every year, saving up to ₹46,800 in taxes (at 30% slab + cess).

✅ Exempt

Interest Earned

Section 10

The interest accrued in your PPF account each year is completely exempt from income tax. Unlike fixed deposits or savings accounts where interest is taxable, PPF interest grows your wealth without any tax deduction.

✅ Exempt

Maturity Amount

Section 10(11)

The entire maturity proceeds ”” your principal plus all accumulated interest ”” are fully tax-free upon withdrawal. There is no capital gains tax, no TDS, and no wealth tax applicable on the PPF corpus.

PPF vs Other Investments

How does PPF stack up against other popular tax-saving instruments? Here is a side-by-side comparison.

FeaturePPFTax FDELSSNPS
Returns (Approx.)7.1% (Govt. set)6–7.5% (Bank)12–15% (Market)8–10% (Mixed)
Lock-in Period15 years5 years (Tax)3 yearsTill age 60
Tax on ReturnsFully exemptTaxable10% LTCG > ₹1LPartial tax
Risk LevelZero (Govt.)Very LowHigh (Equity)Moderate
Section 80C✓ Up to ₹1.5L✓ Up to ₹1.5L✓ Up to ₹1.5L✓ Up to ₹2L
Premature ExitAfter 7 years*Penalty appliesNot allowedPartial at 60%

How to Use This PPF Calculator

01

Set Annual Investment

Use the slider or type in the amount you plan to invest in your PPF account each year. The range is ₹500 (minimum) to ₹1,50,000 (maximum allowed by law).

02

Choose Investment Period

Select the total number of years you intend to keep your PPF account. The minimum is 15 years, extendable in 5-year blocks up to 50 years for long-term planning.

03

Set Interest Rate

The calculator defaults to the current rate of 7.1%. Adjust this to model different scenarios ”” for conservative estimates use a lower rate; for historical average, try 8%.

04

Review Your Results

Instantly see your total investment, interest earned, and maturity value. Scroll down for a detailed year-by-year breakdown table and growth chart to visualise your wealth creation.

Frequently Asked Questions

What is the minimum and maximum deposit in a PPF account?
The minimum annual deposit required to keep a PPF account active is ₹500. The maximum deposit allowed per financial year is ₹1,50,000. Deposits can be made in a lump sum or in up to 12 instalments during the year.
Can I withdraw money from my PPF account before maturity?
Partial withdrawals are permitted from the 7th financial year onwards. You can withdraw up to 50% of the balance at the end of the 4th preceding year or the balance at the end of the immediately preceding year, whichever is lower. Full premature closure is allowed only under specific conditions such as serious illness or higher education needs.
What happens if I miss a year's deposit?
If you fail to deposit the minimum ₹500 in a financial year, your account becomes inactive (dormant). To revive it, you must pay the ₹500 minimum for each defaulted year along with a penalty of ₹50 per defaulted year. The account continues to earn interest even while dormant.
Can I take a loan against my PPF balance?
Yes, loans against PPF are available from the 3rd financial year to the 6th financial year of opening the account. The maximum loan amount is 25% of the balance at the end of the second preceding financial year. The interest rate on such loans is 1% above the prevailing PPF interest rate.
Is PPF interest rate fixed for the entire tenure?
No, the PPF interest rate is reviewed and set by the Government of India every quarter. While historically rates have ranged between 7% and 12%, the rate applicable to your account changes each quarter based on the government's announcement. The current rate (since April 2020) is 7.1% per annum.
Can NRIs open a PPF account?
NRIs cannot open new PPF accounts. However, if a resident Indian who already holds a PPF account becomes an NRI, they can continue the account until its maturity (15 years) but cannot extend it beyond the original tenure. The account continues to earn interest during this period.
How does PPF compare to Fixed Deposits for tax saving?
Both PPF and tax-saving FDs qualify for Section 80C deduction up to ₹1.5 lakh. However, PPF offers triple tax exemption (EEE) ”” the investment, interest earned, and maturity amount are all tax-free. FD interest is taxable as per your income slab. PPF also offers a longer lock-in (15 years vs 5 years for tax FDs) but typically delivers better post-tax returns.
What happens to the PPF account after 15 years?
After the initial 15-year maturity period, you have three options: (1) Withdraw the entire amount tax-free, (2) Extend in blocks of 5 years with continued contributions, or (3) Extend without contributions ”” the existing balance continues earning interest, and you can make one withdrawal per year up to 60% of the opening balance at the start of the extension period.
Can I open more than one PPF account?
No, an individual can hold only one PPF account in their name. If a second account is discovered, it will be merged or deactivated. However, you can also open one PPF account in the name of each of your minor children, operated by you as a guardian. The combined annual deposit across all accounts (self + minor children) is capped at ₹1,50,000.
When should I deposit money for maximum interest benefit?
PPF interest is calculated on the lowest balance between the 5th and the last day of each month. To maximise interest, deposit your contribution before the 5th of each month, preferably before April 5 if making a lump sum annual deposit. This ensures your entire deposit earns interest for the full financial year.

Need Help With Your PPF Investment?

Our financial experts can help you plan your PPF contributions, optimise your tax savings, and build a comprehensive wealth-creation strategy tailored to your goals.

Talk to an Expert