PPF Calculator
Estimate your Public Provident Fund maturity value at 7.1% a year over 15 years, with 5-year extensions and deposit timing options.
This guide is not yet available in your language and is shown in English.
Tool guide
What this tool does
The PPF Calculator projects a Public Provident Fund account year by year using yearly compounding. It enforces the ₹500 to ₹1,50,000 deposit limits, models extensions in blocks of five years with or without new deposits, and shows the tax-free interest earned.
The Public Provident Fund is a government-backed savings scheme in India with a 15-year term. Deposits qualify for the section 80C deduction under the old tax regime, and both interest and maturity proceeds are tax-free, which gives PPF its exempt-exempt-exempt status. You must deposit at least ₹500 and at most ₹1,50,000 in each financial year, and after maturity the account can be extended in blocks of five years.
Interest is calculated monthly on the lowest balance between the 5th and the last day of each month, and credited once a year on 31 March. The calculator therefore compounds yearly and lets you choose whether you deposit by 5 April (earning a full year of interest) or at the end of the year (earning none that year). The default 7.1% is the rate that has applied since April 2020; the Government reviews it every quarter.
How to use PPF Calculator
- Enter your yearly deposit between ₹500 and ₹1,50,000.
- Keep 7.1% or enter the currently notified PPF rate.
- Choose the total period: 15 years or up to four 5-year extensions.
- For extensions, choose whether you keep depositing or let the balance grow without new money.
- Pick the deposit timing and, optionally, a yearly increase in your deposit.
- Read the maturity value and tax-free interest, then review the year-wise PPF statement.
Tips for better results
- Depositing the full amount by 5 April each year can add several lakh rupees over 15 years compared with depositing in March.
- Partial withdrawals are allowed from the seventh financial year, so PPF can also serve medium-term needs.
- Extending with contributions keeps the 80C benefit; extending without contributions allows one withdrawal each year.
- A PPF account opened for a minor counts towards the parent’s ₹1,50,000 yearly limit.
Common use cases
- Building a tax-free retirement corpus alongside EPF and NPS.
- Planning a long-term fund for a child’s higher education.
- Comparing the safe PPF return with an ELSS fund under section 80C.
- Deciding whether to extend a maturing PPF account.
Common mistakes to avoid
- Missing the ₹500 minimum in a year, which makes the account inactive until a penalty is paid.
- Depositing more than ₹1,50,000 in a year; the excess earns no interest and gets no deduction.
- Assuming the rate is locked for 15 years; it can change every quarter.
Frequently asked questions
How is PPF interest calculated?
Interest is worked out monthly on the lowest balance between the 5th and the end of each month and credited on 31 March, so it compounds once a year. Deposits made after the 5th earn no interest for that month.
What is the current PPF interest rate?
The rate used by default is 7.1% a year, which has been in force since April 2020. The Government notifies the rate every quarter, so enter the latest figure if it has changed.
Is PPF maturity taxable?
No. PPF interest and maturity are exempt under section 10(11), and deposits qualify for the section 80C deduction in the old regime.
What happens after 15 years?
You can close the account, or extend it in blocks of five years with or without fresh deposits. The balance keeps earning interest during an extension.
Feedback & suggestions
Help us improve PPF Calculator. We read every message.