PPF Calculator — Calculate Public Provident Fund Maturity
Estimate the maturity amount and interest earned on your PPF account over the 15-year lock-in period. Enter your annual deposit and current PPF interest rate to see year-wise growth.
analyticsPPF Maturity Projection
Tax-free returns (EEE status). Educational estimate only.
functionsPPF Calculation Method
PPF interest is calculated on the minimum balance between the 5th and the last day of each month. Interest is compounded annually at the end of each financial year. The formula used is:
Where:
- Balance = Running PPF balance (previous year balance + this year deposit)
- r = Annual PPF interest rate (set by Government of India, currently 7.1% for FY 2026-27)
For simplicity, this calculator assumes the entire annual deposit is made at the start of the financial year, giving you the maximum interest benefit.
How Does a PPF Calculator Work?
PPF (Public Provident Fund) is a government-backed savings scheme with a 15-year lock-in period. The interest rate is set quarterly by the Government of India and is currently 7.1% for FY 2026-27. The interest is compounded annually and is completely tax-free — making PPF one of the most attractive EEE (Exempt-Exempt-Exempt) instruments in India.
For example, if you deposit ₹1,50,000 per year (the maximum allowed) at 7.1% for 15 years, your PPF would mature to approximately ₹40,68,209 — with ₹22,50,000 as your total deposits and ₹18,18,209 as tax-free interest earned. After 15 years, you can extend in blocks of 5 years.
PPF offers a unique combination of benefits: guaranteed returns, complete tax exemption under Section 80C (deposit) + tax-free interest + tax-free maturity, sovereign guarantee, and partial withdrawal facility after 7th year. It is ideal for conservative investors, retirement planning, and as the debt portion of a balanced portfolio.
workspace_premiumBenefits of Using a PPF Calculator
Tax-Free Returns
PPF enjoys EEE tax status — deposit is deductible under 80C (up to ₹1.5L), interest is tax-free, and maturity is tax-free. No other fixed-income instrument offers this triple benefit.
Plan Long-Term Goals
With its 15-year tenure, PPF is perfect for long-term goals — child's education, retirement corpus, or building a debt allocation. See exactly how annual deposits compound over time.
Government Guarantee
PPF is backed by the Government of India, making it virtually risk-free. Unlike bank FDs (DICGC covers only ₹5L), PPF has sovereign guarantee for the entire amount.
Extension Planning
After 15 years, PPF can be extended in 5-year blocks. Use the calculator with different tenures (15, 20, 25 years) to see how extension multiplies your wealth.
help_outlineFrequently Asked Questions
What is the current PPF interest rate for FY 2026-27?
The PPF interest rate for FY 2026-27 (April 2026 – March 2027) is 7.1% per annum, compounded annually. The rate is reviewed quarterly by the government but has remained at 7.1% since April 2020.
What is the maximum and minimum deposit in PPF?
Minimum annual deposit is ₹500 and maximum is ₹1,50,000. You can deposit in lump sum or up to 12 instalments per year. Deposits above ₹1,50,000 do not earn interest. The ₹1,50,000 limit also qualifies for Section 80C tax deduction.
Can I withdraw from PPF before 15 years?
Partial withdrawal is allowed from the 7th financial year onwards — up to 50% of the balance at the end of the 4th year or the preceding year, whichever is lower. Premature closure is allowed only in exceptional cases (serious illness, higher education) after 5 years, with a 1% interest penalty.
Is PPF interest really completely tax-free?
Yes. PPF enjoys EEE (Exempt-Exempt-Exempt) status. Your deposit (up to ₹1.5L) is exempt under Section 80C, the interest earned is completely tax-free, and the maturity amount is also tax-free. There is no TDS on PPF interest.
Should I invest in PPF or ELSS for tax saving?
Both qualify under Section 80C. PPF gives guaranteed, tax-free returns (7.1%) with a 15-year lock-in. ELSS gives market-linked returns (historically 12-15% CAGR) with only 3-year lock-in, but returns are taxable (LTCG above ₹1L taxed at 10%). PPF is better for conservative investors; ELSS for those comfortable with equity risk.
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Pair this calculator with our educational guides for smarter investment decisions. EPF vs PPF · Section 80C Deductions · What is ELSS? · Retirement Planning Guide
This PPF calculator is for educational and illustrative purposes only. It assumes a constant interest rate throughout the tenure. Actual PPF interest rates are reviewed quarterly by the government and may change. The calculator assumes deposits at the start of each year for maximum interest. Always verify with your bank or post office for the exact maturity amount.
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