Skip to content
FinCalc India

PPF Calculator

The Public Provident Fund (PPF) is a government-backed savings scheme with a 15-year term, annual compounding and EEE tax status — contributions, interest and maturity are all tax-free under the old regime.

Enter your yearly contribution and the tenure. The interest rate defaults to the latest notified rate but you can change it to model other scenarios.

Assumptions used
  • Full yearly contribution made before 5 April, so it earns a full year of interest.
  • The rate is held constant for the whole tenure (in reality it changes quarterly).

Enter your details

₹
5001,50,000

Between ₹500 and ₹1,50,000 per financial year.

years
1550

15 years, extendable in blocks of 5.

%
410

Notified quarterly by the Ministry of Finance.

Results

Maturity Amount

₹40,68,209

Total Invested
₹22,50,000
Total Interest (tax-free)
₹18,18,209
  • Invested₹22.50 L(55%)
  • Interest₹18.18 L(45%)
Year-wise account statement (15 rows)
YearDepositInterestClosing Balance
1₹1,50,000₹10,650₹1,60,650
2₹1,50,000₹22,056₹3,32,706
3₹1,50,000₹34,272₹5,16,978
4₹1,50,000₹47,355₹7,14,334
5₹1,50,000₹61,368₹9,25,701
6₹1,50,000₹76,375₹11,52,076
7₹1,50,000₹92,447₹13,94,524
8₹1,50,000₹1,09,661₹16,54,185
9₹1,50,000₹1,28,097₹19,32,282
10₹1,50,000₹1,47,842₹22,30,124
11₹1,50,000₹1,68,989₹25,49,113
12₹1,50,000₹1,91,637₹28,90,750
13₹1,50,000₹2,15,893₹32,56,643
14₹1,50,000₹2,41,872₹36,48,515
15₹1,50,000₹2,69,695₹40,68,209

How PPF interest works

Interest is calculated every month on the lowest balance between the 5th and the last day of the month, then credited once a year on 31 March. Depositing the full amount before the 5th of April earns a full year's interest — which is what this calculator assumes.

Closing balance = (Opening balance + Deposit) × (1 + r ÷ 100)

  • r = notified annual PPF rate
  • compounded once a year for the whole tenure

Worked example

  1. ₹1,50,000 deposited at the start of every year for 15 years at 7.1% p.a.
  2. Total invested = ₹22,50,000.
  3. Maturity ≈ ₹40.7 lakh, of which about ₹18.2 lakh is tax-free interest (at 7.1%).

Key PPF rules

  • Minimum ₹500 and maximum ₹1,50,000 per financial year.
  • Contributions qualify for deduction under Section 80C (old regime).
  • Lock-in of 15 full years; partial withdrawal allowed from year 7, loans from year 3 to 6.
  • On maturity you can withdraw fully, extend in 5-year blocks with fresh contributions, or extend without contributing.

PPF interest is compounded annually and credited on 31 March. Rate shown is the latest notified rate; verify the current quarter's notification before relying on projections. Rate shown: FY 2025-26 (Q2: Jul–Sep 2025), per Ministry of Finance, small-savings rate notification.

Why PPF still matters

PPF is one of very few instruments offering government-backed, tax-free, compounding returns. It works well as the debt anchor of a long-term portfolio, alongside equity for growth.

Rates & rules: FY 2025-26 (Q2: Jul–Sep 2025). Source: Ministry of Finance, small-savings rate notification. PPF interest is compounded annually and credited on 31 March. Rate shown is the latest notified rate; verify the current quarter's notification before relying on projections.

This calculator is for education and illustration only. Results are estimates based on the inputs and assumptions shown and are not financial, investment, tax or legal advice. Verify figures with your bank, a registered adviser or the relevant government department before acting.

Frequently asked questions

Is PPF interest taxable?

No. PPF has EEE status: the contribution is deductible under Section 80C (old regime), the annual interest is tax-free, and the maturity amount is tax-free.

What is the current PPF interest rate?

The rate is notified every quarter by the Ministry of Finance. This calculator defaults to 7.1% (FY 2025-26 (Q2: Jul–Sep 2025)); always check the latest notification.

Can I withdraw from PPF before 15 years?

Partial withdrawal is allowed once a year from the 7th financial year, subject to limits. Full premature closure is allowed only in specific cases such as serious illness or higher education, after 5 years.

What is the maximum I can invest in PPF each year?

₹1,50,000 per financial year across all your PPF accounts combined. Deposits above this do not earn interest.

Related calculators & guides

Calculators

Guides