PPF Calculator
Key takeaways
- ₹1.50 L a year for 15 years adds up to ₹22.50 L; annual compounding at 7.1% takes the balance to ₹40.68 L.
- Interest earns ₹18.18 L of that — 44.69% of the maturity value.
- Kept going for 20 years (PPF extends in 5-year blocks), the balance would reach ₹66.58 L — ₹25.90 L more.
Yearly schedule
| Year | Deposit | Interest | Balance |
|---|---|---|---|
| 1 | ₹1.50 L | ₹10,650 | ₹1.61 L |
| 2 | ₹1.50 L | ₹22,056 | ₹3.33 L |
| 3 | ₹1.50 L | ₹34,272 | ₹5.17 L |
| 4 | ₹1.50 L | ₹47,355 | ₹7.14 L |
| 5 | ₹1.50 L | ₹61,368 | ₹9.26 L |
| 6 | ₹1.50 L | ₹76,375 | ₹11.52 L |
About the PPF Calculator
The Public Provident Fund (PPF) is a long-term, government-backed savings scheme with a 15-year lock-in. Contributions, the interest earned and the maturity amount are all tax-free — the 'EEE' (exempt-exempt-exempt) status — the 'EEE' status means no tax on the contribution, none on the annual interest, and none at maturity.
This calculator compounds your yearly contributions at the PPF interest rate (set by the government each quarter) to show the maturity corpus after 15 years and the total interest earned.
Frequently asked questions
What is the current PPF interest rate?
The government revises the PPF rate every quarter. It has been 7.1% a year for several quarters up to 2026, but check the latest notified rate as it can change. Interest is calculated on the lowest balance between the 5th and the end of each month.
Is PPF completely tax-free?
Yes. PPF has EEE status — your contribution qualifies for a deduction under Section 80C (up to ₹1.5 lakh a year), the annual interest is tax-free, and the maturity amount is tax-free too.
What are the minimum and maximum PPF deposits?
You must deposit at least ₹500 a year to keep the account active, and at most ₹1.5 lakh a year. Amounts above ₹1.5 lakh earn no interest and get no tax deduction.
When can I withdraw from PPF?
The account matures in 15 years. Partial withdrawals are allowed from the 7th year, and a loan against the balance is available between years 3 and 6. After maturity you can extend in 5-year blocks, with or without further contributions.
Can I lose money in PPF?
No — PPF is backed by the Government of India and pays a fixed, notified rate, so your principal and interest are secure. The trade-off is the long 15-year lock-in.
Disclaimer: This calculator is for information and education only. It is not investment advice and not a recommendation. Interest rates on deposits and savings schemes are set by the bank or the Government and can change; where the calculator takes a rate, the figures hold it for the whole term. Tax on the interest, penalties and early-withdrawal rules are included only where the calculator shows them. The Government notifies this scheme’s rate every quarter, and a change applies to the whole balance. Every figure is computed solely by applying the formula and assumptions stated on this page to the inputs you entered.