PPF Calculator (India)
Calculate Public Provident Fund maturity amount, total interest, and yearly investment. Indian tax-saving PPF with 7.1% current interest rate.
Maturity Amount
What is PPF?
Public Provident Fund (PPF) is India's most popular long-term tax-saving investment. 15-year lock-in, 7.1% current interest rate (revised quarterly by government), and EEE tax status (Exempt-Exempt-Exempt) meaning your contribution, interest, and maturity amount are ALL tax-free. Maximum investment: ₹150,000/year. Eligible for Section 80C deduction.
How to use
- Set yearly investment — Min ₹500, max ₹150,000
- Confirm interest rate — Currently 7.1%; updated quarterly
- Choose tenure — 15 years minimum; extendable in 5-year blocks
- View maturity — Total corpus + interest breakdown
Formula
Year-end balance: balance = (previous_balance + yearly_deposit) × (1 + interest_rate)
Compounded annually for 15 years. With max contribution: ₹150K×15 = ₹22.5L invested grows to ~₹40L+ at 7.1%.
Tips
- Maximize 80C: invest full ₹150,000/year for best tax benefit
- Extend in 5-year blocks (with or without further contribution) post 15 years
- Partial withdrawal allowed from 7th year (50% of 4th-year balance)
- Loan facility from 3rd to 6th year
- Open at SBI, Post Office, or any nationalized bank
FAQs
Is PPF risk-free?
Yes — backed by Government of India. Zero default risk. Interest rate may change quarterly but generally stable 7-8%.
PPF vs ELSS?
PPF: 15-year lock-in, 7-8% fixed, 100% safe. ELSS (equity-linked savings): 3-year lock-in, market returns (12-15% historical), higher risk.
Can I open multiple PPF accounts?
No — one per person. But can open in spouse's/children's name for additional 80C benefits across family.
What if I miss yearly deposit?
Account becomes inactive. Reactivate by paying ₹500 minimum + ₹50 penalty per missed year.