PPF Calculator
Tax-free PPF maturity amount
PPF Details
PPF Key Facts
• Min investment: ₹500/year
• Max investment: ₹1,50,000/year
• Lock-in period: 15 years
• Interest is tax-free (EEE status)
• Current rate: 7.1% (Jul–Sep 2024)
Total Invested
₹7.50 L
Total Interest
₹6.06 L
Maturity Amount
₹13.56 L
PPF Growth Over Time
Summary
PPF Calculator – Build Tax-Free Wealth with Public Provident Fund
The Public Provident Fund (PPF) is one of India's most trusted long-term savings instruments, backed by the Government of India and offering guaranteed, tax-free returns. With an EEE (Exempt-Exempt-Exempt) tax status, PPF gives you a tax deduction on contributions, tax-free interest, and tax-free maturity proceeds. Our PPF calculator helps you estimate your maturity amount and total interest earned over any investment period, so you can plan your long-term savings strategy effectively.
How the PPF Calculator Works
PPF interest is calculated on the minimum balance between the 5th and last day of each month and is credited annually on March 31. The calculator uses a year-by-year compound interest model: each year, your opening balance plus yearly contribution earns the prevailing PPF interest rate. The current rate is 7.1% per annum, revised quarterly by the government. Enter your yearly investment amount, the prevailing interest rate, and the number of years to instantly see your maturity corpus and cumulative interest earned.
Benefits of PPF Investment
- ✓EEE Tax Status: Contributions qualify for Section 80C deduction; interest earned and maturity proceeds are fully tax-free.
- ✓Government Guarantee: PPF is a sovereign-backed instrument — your principal and interest are guaranteed by the Government of India.
- ✓Stable Returns: Unlike market-linked investments, PPF offers stable, predictable returns unaffected by market volatility.
- ✓Loan Facility: Take a loan against your PPF balance from the 3rd year onward at a nominal interest rate.
- ✓Partial Withdrawal: Withdraw up to 50% of the balance from the 7th year onward for liquidity needs without closing the account.
Key Features
- ✓Yearly Investment Range: Model contributions from ₹500 (minimum) to ₹1.5 lakh (maximum allowed per year) for accurate planning.
- ✓Extended Tenure: Calculate returns for the standard 15-year term or extended blocks of 5 years each (up to 50 years).
- ✓Cumulative Interest Chart: Stacked bar chart shows how invested amount and interest earned grow year by year.
- ✓Wealth Gain Percentage: Displays total interest as a percentage of total invested for a quick return assessment.
- ✓Current Rate Pre-loaded: The current PPF rate of 7.1% is pre-filled but can be adjusted to model future rate changes.
Frequently Asked Questions about PPF
What is the current PPF interest rate?
The current PPF interest rate is 7.1% per annum, effective from April 2020. The rate is revised quarterly by the Ministry of Finance based on government bond yields. The rate has remained at 7.1% since Q1 FY2020-21. Any revision is applicable from the beginning of the following quarter.
Can I withdraw PPF before 15 years?
Full withdrawal before 15 years is not allowed — PPF has a mandatory 15-year lock-in period. However, you can make partial withdrawals from the 7th financial year (up to 50% of the balance at the end of the 4th year or the previous year, whichever is lower). Premature closure is permitted only for specific reasons like life-threatening illness or higher education.
Can I open a PPF account for my child?
Yes. Parents or guardians can open a PPF account in the name of a minor child. However, the combined contribution to your own PPF account and your minor child's PPF account cannot exceed ₹1.5 lakh per year. The minor's account matures when they reach 18 years of age after the minimum 15-year term.
Can NRIs invest in PPF?
No. NRIs (Non-Resident Indians) are not allowed to open new PPF accounts. However, if you had an existing PPF account before becoming an NRI, you may continue to contribute until maturity but cannot extend the account beyond the initial 15-year period.
When should I deposit to maximize PPF interest?
To maximize interest, deposit before the 5th of April each financial year. PPF interest is calculated on the minimum balance between the 5th and last day of each month — depositing before the 5th ensures the full month's interest is earned. Depositing in the first week of April maximizes the annual interest benefit.