🏛️ PPF Calculator
Estimate your Public Provident Fund maturity amount, interest earned and year-by-year growth.
Frequently Asked Questions
How do I use the PPF Calculator?
Enter your Yearly Deposit, the PPF Interest Rate and the Tenure in years, then click "Calculate PPF" to see your projected Maturity Amount, Total Deposited and Total Interest, along with a year-by-year growth chart and table.
What is the current PPF interest rate?
The Public Provident Fund interest rate is set by the Government of India every quarter. At the time of writing it is 7.1% per annum, compounded annually. This calculator defaults to 7.1% but you can change it to model different rate scenarios.
What is the minimum and maximum PPF deposit per year?
You must deposit at least ₹500 per financial year to keep a PPF account active, and you can deposit a maximum of ₹1,50,000 per financial year across all your PPF accounts (including any minor accounts you operate).
What is the PPF lock-in period and can it be extended?
A PPF account has a mandatory lock-in of 15 years from the end of the financial year in which it was opened. After maturity, you can extend it indefinitely in blocks of 5 years, either with further deposits or without. This calculator lets you model tenures beyond 15 years in 5-year steps.
Is PPF interest taxable?
No. PPF enjoys EEE (Exempt-Exempt-Exempt) tax status — your contributions qualify for deduction under Section 80C, the interest earned is tax-free, and the maturity amount is also tax-free, making it one of the most tax-efficient long-term savings instruments in India.
How is the maturity amount calculated?
This calculator adds your yearly deposit to the running balance and then applies the annual interest rate to the new balance, year after year, for the selected tenure. The final balance after the last year is your projected maturity amount. For comparison, see our SIP Calculator for monthly investing in market-linked instruments.
Does it matter when in the year I make my PPF deposit?
Yes, significantly. PPF interest is calculated monthly on the lowest balance between the 5th and the end of each month, but credited annually. If you deposit your full yearly amount before the 5th of April (the start of the financial year) instead of in March (the end), you earn roughly a full extra year of interest on that deposit over a 15-year tenure. This calculator assumes the full yearly deposit earns interest for the whole year, so depositing early is the way to match this projection most closely.
Can I withdraw money from PPF before maturity?
Partial withdrawals are allowed from the 7th financial year onward, capped at 50% of the balance at the end of the 4th year preceding the withdrawal year (or the immediately preceding year, whichever is lower). This calculator projects the full undisturbed maturity value — any withdrawals you make will reduce the principal earning interest and lower your final corpus below the projected figure.