PPF Calculator – Calculate PPF Maturity Amount & Interest

Enter your yearly Public Provident Fund deposit, tenure and interest rate to see the total amount invested, the tax-free interest earned and your maturity value.

Currency:Rupee (INR)

Yearly investment

INR

Min: ₹500Max: ₹1,50,000

Time period

Min: 15 yearsMax: 50 years

Rate of interest (p.a)

Current: 7.1%Government-backed

PPF Benefits:

✓ Tax-free returns (EEE status)
✓ Government-backed security
✓ Lock-in period: 15 years (extendable)
✓ Annual investment: ₹500 - ₹1,50,000
✓ Partial withdrawal after 7 years
✓ Loan facility after 3 years

₹40,68,209

Maturity value

Total investment

₹22,50,000

Interest earned

₹18,18,209

Maturity value₹40,68,209

Monthly equivalent

₹12,500

Total duration

15 years

Interest rate

7.1% p.a.

Returns

Tax-free

💰 Tax Benefit: Investments up to ₹1.5 lakh qualify for deduction under Section 80C. Interest earned and maturity amount are completely tax-free!

What is the Public Provident Fund (PPF)?

PPF is a government-backed small savings scheme that any resident Indian can open at a post office or an authorised bank. Deposits earn a rate of interest set by the Government every quarter – 7.1% p.a. for recent quarters – compounded annually. Because the scheme is sovereign-backed, it is among the safest long-term options available, and it is popular for retirement and children’s education goals.

Key PPF rules at a glance

Deposit limits: minimum ₹500 and maximum ₹1,50,000 per financial year, in a lumpsum or instalments.
Tenure: 15 years from the end of the financial year in which the account was opened; extendable in 5-year blocks.
Tax (EEE): deposits qualify for deduction under Section 80C (old tax regime), and both interest and maturity proceeds are tax-free.
Interest calculation: on the lowest balance between the 5th and the last day of each month, credited at the end of the financial year.
Loan: available from the 3rd to the 6th financial year, up to 25% of the balance at the end of the second year preceding the loan year.
Partial withdrawal: once a year from the 7th financial year, subject to limits.
Inactive accounts: if the ₹500 minimum is missed in a year, the account becomes discontinued and can be revived with a small penalty plus the missed minimum deposits.

How is PPF maturity calculated?

The calculator assumes you deposit the same amount at the start of every financial year. Each year, that deposit is added to the balance and the whole balance earns a year’s interest:

Balance(year) = [Balance(previous year) + P] × (1 + i)

Over n years this equals M = P × [((1 + i)^n − 1) / i] × (1 + i), where P is the yearly deposit, i the annual interest rate as a decimal and n the number of years.

Worked example: ₹1.5 lakh a year for 15 years

Inputs: yearly investment ₹1,50,000 (the maximum), 15 years, 7.1% p.a.

Total invested: ₹22,50,000
Interest earned: ₹18,18,209
Maturity value: ₹40,68,209 (about ₹40.7 lakh), tax-free

Other scenarios at the same 7.1% rate:

₹1,00,000 a year for 15 years: about ₹27,12,139.
₹1,50,000 a year, extended with contributions to 20 years: about ₹66,58,288.
₹1,50,000 a year, extended to 25 years: about ₹1,03,08,015 – over ₹1 crore, of which ₹37.5 lakh is your own money.

These figures assume the rate stays at 7.1% throughout. In practice the rate can change every quarter, so treat the result as an estimate.

Tips to get the most from PPF

Deposit before the 5th of the month so that month’s deposit earns interest for that month.
If you can, make your full-year deposit between 1 and 5 April to earn interest for the whole year.
Extend the account after 15 years if you don’t need the money – the extension years add the most interest.
Use the loan facility rather than closing the account early for short-term needs.

PPF compared with other options

Feature	PPF	Bank FD	ELSS mutual fund
Returns	Government-set, revised quarterly	Fixed for the tenure	Market-linked, not guaranteed
Tax on returns	Tax-free	Taxable at slab rate	Capital gains tax
Lock-in	15 years (partial access from year 7)	None (5 years for tax-saver FD)	3 years
Section 80C	Yes	Only 5-year tax-saver FD	Yes

Section 80C deductions are available only under the old tax regime; the tax-free status of PPF interest and maturity applies regardless.

PPF Calculator FAQs

What is PPF?

The Public Provident Fund is a long-term savings scheme backed by the Government of India, available at post offices and authorised banks. It has a 15-year tenure, accepts ₹500 to ₹1.5 lakh per financial year, and enjoys EEE tax status.

How does the PPF calculator work?

It assumes your yearly deposit is made at the start of each financial year and compounds interest annually: each year, balance = (previous balance + deposit) × (1 + rate). This is equivalent to M = P × [((1 + i)^n − 1) / i] × (1 + i).

What is the current PPF interest rate?

The rate has been 7.1% per annum, compounded annually, for recent quarters. The Government reviews small savings rates every quarter, so check the latest notification; your actual maturity value will change if the rate is revised.

Can I use this PPF calculator for monthly deposits?

Approximately. Multiply your monthly deposit by 12 and enter that as the yearly investment. The result will be slightly high, because PPF interest is calculated on the lowest balance between the 5th and the end of each month, and monthly deposits are spread through the year rather than made in April.

Can I withdraw money from PPF before maturity?

Partial withdrawal is allowed once a year from the 7th financial year, up to 50% of the balance at the end of the 4th preceding year or the preceding year, whichever is lower. Premature closure is allowed only after five years and only for specified reasons, with a reduced interest rate.

What happens after 15 years?

You can close the account and withdraw the full tax-free balance, or extend it in blocks of five years, with or without fresh deposits. The balance continues to earn interest during an extension.

Is PPF better than an FD?

They serve different purposes. PPF interest is tax-free and suits long-term goals but locks money in for 15 years. FD interest is taxable at your slab rate, but FDs are far more flexible on tenure and withdrawal. For an investor in a higher tax bracket, PPF’s post-tax return is usually higher.

Can I have more than one PPF account?

No. An individual can hold only one PPF account. You can open one on behalf of a minor child as guardian, but the ₹1.5 lakh yearly limit applies to your own account and the minor’s account combined.

Important Disclaimer

For Educational and Informational Purposes Only: This calculator is provided solely for educational and informational purposes. It is designed to help you understand potential investment outcomes and should not be considered as financial, investment, tax, or legal advice.

Not Professional Advice: The calculations, results, and information provided by this tool do not constitute professional financial advice, investment recommendations, or tax guidance. Always consult with a qualified financial advisor, certified financial planner, tax consultant, or legal professional before making any investment or financial decisions.

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