PPF Calculator - Public Provident Fund Returns Calculator

Calculate your PPF maturity amount and interest earnings with our free PPF calculator. Plan your 15-year PPF investment with tax benefits in India.

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Enter PPF Investment Details
₹1,00,000
₹500 (Min)₹1,50,000 (Max)
7.1%
7%8%

Current PPF rate: 7.1% (FY 2024-25)

15 Years
15 Years25 Years

Minimum lock-in: 15 years (can extend in 5-year blocks)

Investment vs Interest
Total₹27,12,139
Total Investment
₹15,00,000
Interest Earned
₹12,12,139

Total Investment

₹15,00,000

Total Interest

₹12,12,139

Maturity Amount

₹27,12,139

Investment vs Interest44.7% interest earned
Principal
Interest
Maturity: ₹27,12,139
PPF @ 7.1% Tax-Free

Best Tax Saving Investment

Tax-Free ReturnsGovt. Backed15 Year Lock-in
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What is PPF (Public Provident Fund)?

Public Provident Fund (PPF) is a government-backed long-term savings scheme in India that offers attractive interest rates with complete tax benefits. Introduced in 1968, PPF is one of the safest investment options as it is backed by the sovereign guarantee of the Government of India.

PPF enjoys EEE (Exempt-Exempt-Exempt) tax status, meaning the investment qualifies for Section 80C deduction (up to ₹1.5 lakh), the interest earned is tax-free, and the maturity amount is also completely tax-free. This makes PPF one of the most tax-efficient investment instruments in India.

How PPF Interest is Calculated

PPF interest is calculated on the minimum balance between the 5th and last day of each month. Interest is compounded annually and credited at the end of each financial year.

A = P × ((1 + r)^n - 1) / r) × (1 + r)

For maximum interest, deposit before 5th of each month.

Example PPF Calculation

  • Yearly Investment: ₹1,50,000
  • Interest Rate: 7.1% p.a.
  • Tenure: 15 years
  • Total Investment: ₹22,50,000
  • Maturity Amount: ₹40,68,209
  • Total Interest: ₹18,18,209
  • Tax Saved (30% bracket): ₹6,75,000 over 15 years

PPF Key Features

  • Minimum Investment: ₹500 per year
  • Maximum Investment: ₹1,50,000 per year
  • Lock-in Period: 15 years (can be extended in 5-year blocks)
  • Interest Rate: Government-set, currently 7.1% (reviewed quarterly)
  • Compounding: Annual
  • Loan Facility: Available from 3rd to 6th year
  • Partial Withdrawal: Allowed from 7th year onwards

Benefits of PPF Investment

  • Triple Tax Benefit (EEE): Investment, interest, and maturity all tax-free
  • Government Guarantee: Zero risk of default
  • Attractive Returns: Higher than bank FDs, currently 7.1%
  • Loan Against PPF: Up to 25% of balance from year 3
  • Flexible Investment: Invest any time during year, lump sum or multiple
  • Nomination Facility: Easy wealth transfer

PPF Withdrawal Rules

Understanding PPF withdrawal rules helps in financial planning:

  • No withdrawal allowed in first 5 years
  • Partial withdrawal available from 7th year (50% of balance at end of 4th year or previous year, whichever is lower)
  • Premature closure allowed after 5 years only for specific reasons (serious illness, higher education)
  • At maturity, full withdrawal tax-free
  • Account can be extended indefinitely in 5-year blocks

Frequently Asked Questions

The current PPF interest rate is 7.1% per annum (as of FY 2024-25). The rate is set by the Government of India and reviewed quarterly. While rates can change, PPF typically offers higher returns than bank savings accounts and is competitive with FD rates.

No, an individual can have only one PPF account. Having multiple accounts is not allowed, and if discovered, the second account will be closed. However, you can open a separate PPF account as guardian for your minor child.

PPF is generally better for long-term savings due to EEE tax benefit (investment, interest, and maturity all tax-free). FD interest is fully taxable. For someone in 30% bracket, PPF's effective return is higher than most FD rates. However, FD offers more flexibility with no 15-year lock-in.

Partial withdrawal is allowed from the 7th year onwards. Premature closure is permitted only after 5 years for specific reasons like serious illness, higher education, or change of residency status. Early closure attracts 1% interest rate penalty on the entire corpus.

After 15 years, you can: (1) Withdraw the entire amount tax-free, (2) Extend without contribution - balance continues earning interest, or (3) Extend with contribution for 5-year blocks with continued 80C benefit. Extensions can continue indefinitely.
Disclaimer

This calculator is provided for informational purposes only. The results are estimates and should not be considered as financial advice. Actual values may vary based on various factors. Please consult a certified financial advisor before making any financial decisions.

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