PPF Calculator
PPF maturity value, total deposits and tax-free interest at current 7.1% rate.
Loading calculator…
About this calculator
The Public Provident Fund (PPF) is India's flagship tax-saving scheme with EEE status — deposits qualify for 80C deduction, interest is tax-free, and maturity is tax-free. Accounts mature after 15 financial years and can be extended in 5-year blocks with or without fresh deposits.
Interest is compounded yearly and credited each March 31, calculated on the lowest balance between the 5th and month-end. The rate is revised quarterly by the government and has been 7.1% since April 2020.
Formula
How to use the PPF Calculator
- Enter your planned yearly deposit (₹500 minimum, ₹1.5 lakh maximum).
- Keep the current 7.1% rate unless the government revises it.
- Use 15 years for first maturity, or 20/25/30 if you plan extensions.
Frequently Asked Questions
What is the current PPF interest rate?
7.1% per annum compounded yearly (April 2020 onward, reviewed quarterly). This calculator defaults to 7.1% — update it if rates change.
Can I withdraw before 15 years?
Partial withdrawals are allowed from the 7th year and loans from the 3rd–6th year under strict limits; full closure before 15 years is allowed only on narrow grounds (medical, education) with a 1% interest penalty.
Is PPF interest taxable?
No. PPF enjoys EEE treatment — deposits get 80C deduction up to ₹1.5 lakh, yearly interest is exempt, and maturity proceeds are fully tax-free.
Related Calculators
SIP Calculator
Future value of a Systematic Investment Plan (monthly mutual fund investment).
🏛️FD Calculator
Fixed Deposit maturity value with quarterly/monthly/yearly compounding.
🗓️RD Calculator
Recurring Deposit maturity value for monthly savings at quarterly compounding.
🌅Retirement Corpus Calculator
Corpus needed to fund post-retirement expenses, inflation-adjusted.