PPF Calculator
Calculate PPF maturity value, interest and year-by-year balance for 15–50 years at the current 7.1% rate. Tax-free returns with Section 80C benefit.
About the PPF Calculator
The Public Provident Fund (PPF) is India's favourite tax-free, government-backed savings scheme. This PPF calculator projects your maturity value, total investment and interest for a yearly contribution over 15 to 50 years, with a full year-by-year balance table so you can watch compounding accelerate.
PPF interest is set by the government every quarter; the calculator defaults to 7.1% per annum, compounded yearly. Contributions are capped at ₹1.5 lakh per financial year, and the account matures after 15 years, after which you can extend it indefinitely in 5-year blocks — with or without fresh deposits.
PPF enjoys rare EEE (exempt-exempt-exempt) tax status: deposits qualify for Section 80C deduction, interest is tax-free, and the maturity amount is tax-free too. Investing the full ₹1.5 lakh yearly at 7.1% grows to roughly ₹40.7 lakh in 15 years, of which about ₹18 lakh is tax-free interest.
How to Use the PPF Calculator
- 1Enter the amount you plan to invest each year (maximum ₹1.5 lakh).
- 2Adjust the interest rate if the government has revised it — the default is 7.1%.
- 3Set the duration: 15 years minimum, extendable up to 50.
- 4Review the maturity amount, total interest and the year-by-year table.
Frequently Asked Questions
What is the PPF interest rate in 2026?
The PPF rate is set by the Government of India every quarter along with other small-savings schemes, so it can change four times a year. It has stayed at 7.1% per annum for several years, which is why this calculator defaults to 7.1%. Always check the latest quarterly notification from the Ministry of Finance and update the rate field to match.
Is PPF interest tax-free?
Yes, completely. PPF has EEE status: your deposits qualify for deduction under Section 80C (within the ₹1.5 lakh overall limit), the interest earned each year is exempt from income tax, and the entire maturity amount is tax-free. PPF balances also enjoy protection from attachment by court order, adding a layer of safety few investments match.
Can I invest more than ₹1.5 lakh in PPF in a year?
No. The statutory ceiling is ₹1.5 lakh per financial year across all your PPF accounts combined, including a minor child's account you operate. Any excess is refunded without interest and gets no 80C benefit. The minimum to keep the account active is ₹500 a year; missing it attracts a small ₹50 penalty per year to regularise.
Can I withdraw from PPF before 15 years?
Partially, yes. From the 7th financial year you may withdraw once a year, up to 50% of the balance at the end of the 4th preceding year. Loans against the balance are available from years 3 to 6. Premature closure of the whole account is allowed only after 5 years, for specific reasons such as serious illness or higher education, with a 1% interest penalty.
What happens to my PPF account after 15 years?
You have three choices: withdraw the full tax-free corpus, extend in 5-year blocks with fresh contributions (submit Form H within one year), or extend without contributions — the balance keeps earning tax-free interest and you may withdraw once a year. Many investors extend repeatedly, effectively turning PPF into a tax-free pension pot.
How exactly is PPF interest calculated each month?
Interest is computed monthly on the lowest balance between the 5th and the last day of the month, then credited once at the end of the financial year. That is why depositing before the 5th of the month — ideally the full amount before 5 April — earns the maximum interest. This calculator assumes contributions at the start of each year, matching that best practice.