PPF Calculator
Public Provident Fund maturity. Project your PPF balance across the 15-year term, with year-by-year interest and closing balance.
About the PPF Calculator
The Public Provident Fund is a 15-year government-backed savings scheme with annually compounded, government-set interest. It carries EEE tax status under the old regime - the deposit qualifies for Section 80C, the interest accrues tax-free and the maturity amount is exempt. This calculator projects the closing balance for each of the fifteen years.
PPF maturity formula
M = P x [((1 + i)^n - 1) / i] x (1 + i)
- M
- Maturity value
- P
- Amount deposited each year
- i
- Annual interest rate (as a decimal)
- n
- Number of years
Interest is calculated on the lowest balance between the 5th and last day of each month, so depositing before the 5th April earns the most.
Using this calculator
- Enter the amount you will deposit each year, up to Rs 1.5 lakh.
- Set the current PPF interest rate.
- Keep the tenure at 15 years, or extend in five-year blocks.
- Review the year-wise table to see the balance build.
PPF Calculator FAQs
What is the PPF interest rate right now?
The government reviews the PPF rate every quarter, so it is not fixed for the life of the account. The calculator defaults to a recent rate, but you should enter the current published figure for an accurate projection.
What is the maximum I can invest in PPF?
Rs 1,50,000 per financial year across all PPF accounts you hold, with a minimum of Rs 500 to keep the account active. Deposits above the cap earn no interest and do not qualify for a deduction.
Is PPF completely tax free?
Under the old regime it has EEE status: deposits qualify under Section 80C, annual interest is exempt, and the maturity amount is tax free. Under the new regime the 80C deduction is unavailable, though interest and maturity remain exempt.
Can I withdraw from PPF before 15 years?
Partial withdrawal is permitted from the seventh year, capped at a share of the balance. Loans are available between years three and six. Full premature closure is allowed only in specific cases such as serious illness or higher education.
What happens after 15 years?
You can withdraw the full amount, or extend in five-year blocks either with or without further deposits. Extending without deposits keeps the balance earning tax-free interest, which many people use as a retirement holding.
When should I deposit to maximise interest?
Interest is computed on the lowest balance between the 5th and the last day of each month. Depositing the full annual amount on or before 5 April earns interest for the entire financial year rather than part of it.
Related calculators
-
Sukanya Samriddhi Calculator
Project the maturity amount of a Sukanya Samriddhi Yojana account across its deposit and lock-in years.
Open calculator -
EPF Calculator
Project your Employees' Provident Fund balance at retirement, including employer contributions and salary growth.
Open calculator -
FD Calculator
Calculate the maturity amount and interest earned on a fixed deposit at any rate and tenure.
Open calculator -
ELSS Calculator
Estimate ELSS maturity value alongside the Section 80C tax you could save in the same year.
Open calculator -
NPS Calculator
Project your NPS corpus at 60, the lumpsum you can withdraw and the monthly pension the annuity could pay.
Open calculator -
RD Calculator
Work out what a fixed monthly recurring deposit will be worth at maturity, with quarterly compounding.
Open calculator
Important: this calculator provides general information and arithmetic only. It is not personal financial, tax or investment advice. Projected returns are illustrations based on the rate you enter, not guarantees, and market-linked investments can fall in value. Verify current tax rates and scheme terms before acting, and consult a qualified adviser where the decision matters.