PPF Calculator
Calculate the maturity value of your Public Provident Fund (PPF) investment based on yearly contribution, interest rate, and tenure.
PPF Details
Maturity Summary
Maturity Value
₹40,68,209
Total Invested
₹22,50,000
Total Interest Earned
₹18,18,209
Year-wise Growth Schedule
| Year | Opening Balance | Yearly Deposit | Interest Earned | Closing Balance |
|---|---|---|---|---|
| 1 | ₹0 | ₹1,50,000 | ₹10,650 | ₹1,60,650 |
| 2 | ₹1,60,650 | ₹1,50,000 | ₹22,056 | ₹3,32,706 |
| 3 | ₹3,32,706 | ₹1,50,000 | ₹34,272 | ₹5,16,978 |
| 4 | ₹5,16,978 | ₹1,50,000 | ₹47,355 | ₹7,14,334 |
| 5 | ₹7,14,334 | ₹1,50,000 | ₹61,368 | ₹9,25,701 |
| 6 | ₹9,25,701 | ₹1,50,000 | ₹76,375 | ₹11,52,076 |
| 7 | ₹11,52,076 | ₹1,50,000 | ₹92,447 | ₹13,94,524 |
| 8 | ₹13,94,524 | ₹1,50,000 | ₹1,09,661 | ₹16,54,185 |
| 9 | ₹16,54,185 | ₹1,50,000 | ₹1,28,097 | ₹19,32,282 |
| 10 | ₹19,32,282 | ₹1,50,000 | ₹1,47,842 | ₹22,30,124 |
| 11 | ₹22,30,124 | ₹1,50,000 | ₹1,68,989 | ₹25,49,113 |
| 12 | ₹25,49,113 | ₹1,50,000 | ₹1,91,637 | ₹28,90,750 |
| 13 | ₹28,90,750 | ₹1,50,000 | ₹2,15,893 | ₹32,56,643 |
| 14 | ₹32,56,643 | ₹1,50,000 | ₹2,41,872 | ₹36,48,515 |
| 15 | ₹36,48,515 | ₹1,50,000 | ₹2,69,695 | ₹40,68,209 |
Current Small Savings & Reference Rates (India)
As of September 2026Sources: Reserve Bank of India (rbi.org.in) monetary policy statements, National Savings Institute (PPF notification), and public rate cards from major Indian banks.
What is this Calculator?
The PPF (Public Provident Fund) Calculator estimates the maturity value of your PPF account based on your yearly contribution, the prevailing government-notified interest rate, and your investment horizon. PPF is one of India's most popular long-term, risk-free savings instruments, backed by the Government of India, with a mandatory 15-year lock-in.
It is ideal for salaried individuals, self-employed professionals, and parents saving for a child's future who want a guaranteed, tax-free return alongside Section 80C tax benefits, without any market risk.
How it Works
PPF interest compounds annually, calculated on the lowest balance between the 5th and last day of each month, and is credited once a year. Our calculator uses the standard simplified assumption of a single deposit made at the start of each financial year (before 5th April) for maximum annual interest — the same convention used by most official PPF illustrations:
Balance after Year N = (Balance after Year N-1 + Yearly Deposit) × (1 + Interest Rate)
The account matures after 15 years, though it can be extended indefinitely in blocks of 5 years, with or without further contributions. Interest earned and the maturity amount are entirely tax-free under Section 10(11), and contributions qualify for a deduction of up to ₹1,50,000 under Section 80C — making PPF an "EEE" (Exempt-Exempt-Exempt) instrument.
Example Calculation
Rohan invests the maximum permissible ₹1,50,000 every year into his PPF account at the current rate of 7.1% per annum, for the standard 15-year tenure.
- Yearly Investment = ₹1,50,000
- Interest Rate = 7.1% p.a. (compounded annually)
- Duration = 15 years
At maturity, Rohan's account grows to approximately ₹40,68,000. Of this, his own contributions total ₹22,50,000 (15 × ₹1,50,000), meaning he earns roughly ₹18,18,000 in tax-free interest — more than 80% of his own investment, purely from compounding.
Benefits of Using This Tool
- Goal Planning: Model exactly how much a fixed yearly PPF contribution grows into over 15, 20, or 25 years for retirement or a child's education.
- Tax Efficiency Check: Since PPF is fully tax-exempt (EEE status), the maturity figure here is your real, post-tax return — unlike FDs where interest is taxable.
- Extension Modelling: Adjust the duration slider beyond 15 years to see the powerful effect of extending your PPF account in 5-year blocks.
Practical Tips:
- Deposit your yearly PPF contribution before 5th April each year (or the 5th of any month) to earn interest for that entire month — depositing late means losing a month of interest.
- Partial withdrawals are allowed from the 7th financial year onward, and loans against your PPF balance are available between the 3rd and 6th year.
- A PPF account can be opened for a minor child, and the ₹1,50,000 annual limit is per person (not per account), so plan family contributions carefully to stay within the cap.
Frequently Asked Questions (FAQs)
What is the current PPF interest rate?
The PPF interest rate is set by the Ministry of Finance every quarter. As of the July–September 2026 quarter, it stands at 7.1% per annum, compounded annually. It has remained unchanged since April 2020, though it can be revised in future quarters.
What is the minimum and maximum I can invest in PPF each year?
You can invest a minimum of ₹500 and a maximum of ₹1,50,000 in a single financial year, in up to 12 deposits. Any amount deposited above ₹1,50,000 does not earn interest and is not eligible for a Section 80C deduction.
Can I withdraw my PPF money before 15 years?
Full withdrawal is only allowed at maturity (15 years), but partial withdrawals are permitted from the beginning of the 7th financial year, subject to conditions on the maximum amount. Premature closure is allowed only in specific cases like medical emergencies or higher education, after 5 years.
Is PPF better than a Fixed Deposit?
For long-term, tax-free, risk-free savings, PPF usually wins because its interest and maturity amount are completely tax-exempt, while FD interest is taxed at your income slab rate. However, FDs offer more liquidity and shorter tenures, making them better for short-term goals.
Sources & References
- Ministry of Finance, Government of India — Quarterly Small Savings Interest Rate Notifications
- Public Provident Fund Scheme, 2019 (National Savings Institute)