PPF Calculator India - Public Provident Fund Returns
Calculate your PPF maturity amount, yearly interest, and total returns over 15 years (and extensions) with current 7.1% interest rate.
About this calculator
The Public Provident Fund is one of India's most popular long-term savings schemes. It pays a government-set interest rate, which is revised every quarter, and both the interest and the maturity amount are completely tax-free. The account runs for 15 years and can be extended in blocks of five.
This calculator projects the balance year by year. Enter your annual deposit, the current rate, the tenure and the month in which you deposit. It shows total invested, total interest and the maturity amount, with a year-wise table. Depositing before the 5th of each month, and in April if you invest annually, earns the most interest.
How to use it
- Enter the Annual Investment, between ₹500 and ₹1,50,000.
- Enter the current PPF Interest Rate. The government resets it every quarter.
- Enter the Tenure in years. The minimum is 15.
- Choose the Investment Month. April is best for a lump-sum deposit.
- Press Calculate PPF Returns and read the summary and table.
How PPF interest works
Interest is calculated on the lowest balance between the 5th and the end of each month and credited at the end of the financial year. For an annual deposit made in April the whole amount earns interest for the full year, so Balancey = (Balancey−1 + Deposit) × (1 + rate). A deposit in a later month earns for fewer months and gives a lower result.
Worked example
₹1,50,000 a year for 15 years at 7.1%, deposited in April
| Total invested | ₹22,50,000 |
| Total interest | ₹18,18,209 |
| Maturity amount | ₹40,68,209 |
Interest is tax-free, so the entire ₹18.2 lakh is yours. At a 30% tax slab, a taxable product would need to pay about 10.1% to match PPF's 7.1%.
Tips and common mistakes
- Deposit by the 5th of the month. Money deposited after the 5th earns nothing for that month.
- If you invest once a year, do it in April for the best result.
- The current rate is 7.1% and is reviewed quarterly. Update the field when it changes.
- PPF qualifies for Section 80C in the old tax regime. It does not help under the new regime.
- After 15 years you can extend in blocks of five years, with or without deposits.
Frequently asked questions
What is the PPF interest rate?
The Government of India notifies the rate every quarter. It has been 7.1% for a long stretch. Check the latest notification at your bank or India Post.
Is PPF interest taxable?
No. The interest and the maturity amount are tax-free under Section 10(11), and deposits qualify for 80C in the old regime.
What is the maximum I can invest?
₹1,50,000 per financial year across all your PPF accounts. The minimum is ₹500.
Can I withdraw before 15 years?
Partial withdrawals are allowed from the seventh year, up to 50% of the balance at the end of the fourth preceding year. Premature closure is allowed only for specific reasons.
Can I take a loan against PPF?
Yes, from the third to the sixth year, subject to limits.
Why is April the best month?
The whole annual deposit then earns interest for all twelve months of the financial year.