PPF Calculator
The Public Provident Fund is a government-backed, 15-year savings scheme with annual compounding and tax-free interest. Enter the amount you deposit each year and the current PPF rate to project your maturity corpus.
PPF Calculator
How this calculator works
Balance each year = (previous balance + yearly deposit) × (1 + r), applied for the number of years chosen.
- The PPF rate is announced by the government every quarter — enter the current rate.
- Minimum deposit is ₹500 a year; the maximum allowed is ₹1.5 lakh a year.
- Deposits made before the 5th of a month earn interest for that month.
- The account matures in 15 years and can be extended in blocks of 5 years.
Frequently asked questions
Is PPF interest tax-free?
Yes. PPF is in the exempt-exempt-exempt category: the deposit qualifies for deduction under the old regime, the interest is tax-free and the maturity amount is tax-free.
Can I withdraw PPF before 15 years?
Partial withdrawal is allowed from the seventh year, and a loan is available between the third and sixth year. Premature closure is allowed only in specific cases such as serious illness or higher education.
Disclaimer: results are estimates for planning only. Interest rates, tax slabs and government charges change — confirm the final figure with your bank, employer or the official government portal before you act on it.