PPF Calc India

Free PPF Calculator
for Indian Investors

Calculate PPF maturity amount, interest earned, and Section 80C tax savings. Based on the Government of India's PPF scheme rules.

  • ✓ 15-year maturity projection
  • ✓ Section 80C tax savings
  • ✓ Extension period calculator
  • ✓ Indian number format (₹1,00,000)
  • ✓ Year-by-year breakdown

As of 2026, PPF has an interest rate of 7.1% p.a. with guaranteed tax-free returns under EEE status.

₹
₹500₹1,50,000
%
1%15%
Yrs
1550
Total Investment₹22,50,000
Total Interest₹18,18,209
Maturity Amount₹40,68,209
Invested
Interest

Tax Savings under Section 80C

₹1,50,000/year

PPF enjoys EEE status: your investment (up to ₹1,50,000/year) is deductible under Section 80C, and both interest earned and maturity amount are completely tax-free.

What is PPF?

PPF (Public Provident Fund) is a government-backed long-term savings scheme introduced in 1968. It offers guaranteed returns at 7.1% p.a. with a 15-year lock-in period. PPF enjoys EEE (Exempt-Exempt-Exempt) tax status, meaning your investment, interest, and maturity amount are all completely tax-free. It is one of the safest investments in India with sovereign guarantee.

How PPF Works

You deposit between ₹500 and ₹1,50,000 per year into your PPF account at any nationalized bank or post office. Interest is calculated monthly on the minimum balance between the 5th and end of each month, but credited annually on March 31. The interest compounds each year, and the entire corpus is tax-free at maturity. You can extend in 5-year blocks after the initial 15 years.

How to Use This Calculator

1

Enter Yearly Investment

Set your annual PPF deposit (₹500 to ₹1,50,000).

2

Set Rate & Tenure

Current PPF rate is 7.1%. Choose 15 to 50 years.

3

Get Your Projection

See maturity amount, interest, tax savings, and year-by-year breakdown.

PPF at a Glance

7.1%

Current PPF interest rate (2026)

₹1.5 Lakh

Maximum yearly investment

15 Years

Standard lock-in period

EEE

Tax-free status (Invest, Interest, Maturity)

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Want to compare PPF with equity mutual fund SIP?

Use SIP Calculator India to model monthly SIP returns and compare with PPF's guaranteed growth.

Try SIP Calculator →
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Comparing PPF with gold investment?

Check today's live gold price and historical trends at Gold Rate Today to benchmark against PPF returns.

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Frequently Asked Questions

What is PPF (Public Provident Fund)?+
PPF is a government-backed savings scheme in India with a 15-year tenure. It offers guaranteed interest at 7.1% p.a. and EEE tax status, making it one of the safest and most tax-efficient investments. It was introduced in 1968 and is available at all nationalized banks and post offices.
What is the current PPF interest rate?+
The current PPF interest rate is 7.1% per annum, effective since April 2020. The rate is revised quarterly by the Government of India based on 10-year government bond yields. Despite rate changes in the broader market, PPF has remained stable at 7.1% for over 5 years.
How is PPF interest calculated?+
PPF interest is calculated monthly on the minimum balance between the 5th and end of each month, but credited to the account only once at the end of the financial year (March 31). To maximize interest, deposit your annual amount before April 5th each year.
What is PPF maturity amount formula?+
For annual deposits, PPF grows as: Balance = (Previous Balance + Deposit) × (1 + rate). For ₹1,50,000/year at 7.1% for 15 years, maturity is approximately ₹40,68,209. Total invested: ₹22,50,000. Interest earned: ₹18,18,209 (all tax-free).
What is the minimum and maximum PPF deposit?+
Minimum deposit is ₹500 per financial year (required to keep the account active). Maximum is ₹1,50,000 per year. You can deposit in a lump sum or up to 12 installments. Deposits above ₹1,50,000 don't earn interest and aren't eligible for 80C deduction.
What is EEE tax status in PPF?+
EEE means Exempt-Exempt-Exempt. In PPF: (1) investment up to ₹1.5 lakh/year gets Section 80C deduction, (2) all interest earned is tax-free, (3) the entire maturity amount is tax-free. This is the most favorable tax treatment available for any investment in India.
Can I extend PPF beyond 15 years?+
Yes, PPF can be extended in 5-year blocks indefinitely after the initial 15-year maturity. You can choose to extend with or without further deposits. With deposits, you continue to enjoy Section 80C benefits. The extension request must be filed within 1 year of maturity.
When can I withdraw from PPF?+
Partial withdrawal is allowed from the 7th financial year. You can withdraw up to 50% of the balance at the end of the 4th preceding year. One withdrawal per year is permitted. The withdrawn amount is completely tax-free. Full withdrawal is only at maturity.
Can I take a loan against PPF?+
Yes, loans are available from the 3rd to 6th financial year. You can borrow up to 25% of the balance at the end of the 2nd preceding year. Interest is charged at 1% above the prevailing PPF rate. Repayment must be completed within 36 months.
PPF vs FD — which is better?+
For long-term savings, PPF beats FD because its 7.1% return is tax-free. For someone in the 30% tax bracket, this equals about 10.1% pre-tax — no FD offers that. However, FDs offer better liquidity. Strategy: max out PPF for tax benefit, use FDs for short-term needs.
PPF vs SIP — which should I choose?+
Use both. PPF gives guaranteed tax-free returns (7.1%) with zero risk — ideal for your safe allocation. Equity SIP offers higher returns (historically 12-15%) but with market risk. Max out PPF at ₹1.5 lakh/year first, then use equity SIP for additional growth.
Is PPF safe? Can I lose my money?+
PPF is among the safest investments in India with sovereign guarantee from the Government of India. Your principal and interest are fully protected. Unlike bank FDs (insured only up to ₹5 lakh by DICGC), PPF has no cap on the guarantee.
How to open a PPF account?+
Open a PPF account at any nationalized bank (SBI, PNB, BOB) or post office. Most banks offer online opening through their apps. You need PAN, Aadhaar, and address proof. Only one PPF account per person is allowed (excluding accounts for minor children).
Can NRIs invest in PPF?+
NRIs cannot open new PPF accounts. If you had an account before becoming NRI, you can continue it until the 15-year maturity but cannot extend. After maturity, the account must be closed. NRIs should explore NRE/NRO FDs or mutual funds instead.
What happens if I don't deposit in a year?+
Your PPF account becomes inactive (not closed). To reactivate, pay ₹500 minimum deposit for each missed year plus ₹50 penalty per year. Interest continues to accrue on the existing balance, but you lose access to partial withdrawals and loan facilities until reactivated.
How much will ₹1.5 lakh/year grow in 15 years?+
At 7.1% interest: ₹1,50,000/year for 15 years = ₹40,68,209 maturity. That's ₹22,50,000 invested + ₹18,18,209 in tax-free interest. If extended to 25 years, the corpus crosses ₹1 crore (₹1,01,69,672) — entirely tax-free.

See full PPF glossary →

Learn More About PPF Investing

PPF Interest Rate History: 1968 to 2026

A complete look at how PPF interest rates have changed over nearly six decades, from the scheme's launch at 4.8% to today's 7.1%.

5 min read

PPF vs Fixed Deposit: Which Gives Better Returns After Tax?

PPF offers 7.1% tax-free while FDs give 7.0-7.5% but are fully taxable. We break down the real after-tax numbers.

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How to Maximize Your PPF Returns: 5 Smart Strategies

Simple timing and deposit strategies that can earn you thousands more from the same PPF contributions.

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PPF Account for Your Child: Rules, Benefits & How to Open

You can open a PPF account for your minor child, but there's a combined deposit limit you need to know about.

6 min read

View all articles →

Common PPF Investment Scenarios

How to Calculate PPF Maturity Amount

Learn the step-by-step process to calculate your PPF maturity amount, including the formula, interest calculation method, and worked-out examples.

Using PPF for Retirement Planning

How to use PPF as a core component of your retirement portfolio, including how extensions multiply your corpus and why tax-free returns matter most in retirement.

PPF as a Tax Saving Strategy Under Section 80C

How to use PPF to maximize your Section 80C tax deduction, how EEE status saves you money at every stage, and how to combine PPF with other 80C instruments.

PPF for Child's Higher Education Fund

How the PPF 15-year lock-in aligns perfectly with building a higher education fund for your child, with real numbers and planning strategies.

PPF vs SIP: Which Investment to Choose?

A practical comparison of PPF and SIP (Systematic Investment Plan in mutual funds), covering returns, risk, tax treatment, and when to use each.