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PPF Calculator

Calculate Public Provident Fund maturity value with 7.1% interest rate. 15-year lock-in with 80C tax benefits up to ₹1.5L.

PPF Investment Details

₹
Min: ₹500, Max: ₹1,50,000 per year
years
Min 15 years, extendable in 5-year blocks
%
Current: 7.1% (revised quarterly)
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Enter PPF details

About PPF (Public Provident Fund)

PPF is a government-backed long-term savings scheme offering guaranteed returns with EEE (Exempt-Exempt-Exempt) tax status. Deposits, interest, and maturity are all tax-free.

Key Features

  • Lock-in Period: 15 years (extendable in 5-year blocks)
  • Interest Rate: 7.1% p.a. (FY 2024-25, revised quarterly)
  • Min Deposit: ₹500/year | Max Deposit: ₹1,50,000/year
  • Tax Benefit: 80C deduction up to ₹1.5L + interest is tax-free
  • Compounding: Annual (interest credited at year end)
  • Premature Withdrawal: Allowed from 7th year (conditions apply)
  • Loan: Available from 3rd to 6th year

Who Should Invest?

  • Risk-averse investors seeking guaranteed returns
  • Long-term wealth creation (retirement, child education)
  • Tax saving under Section 80C
  • Senior citizens seeking stable income (post extension)

PPF Rules

  • 1 account per person (minor accounts allowed via guardian)
  • Deposits allowed in max 12 installments per year
  • Extension: 5 years with/without contributions
  • Nomination facility available
  • Transferable across India

PPF vs Other Options

  • PPF vs EPF: PPF voluntary, EPF mandatory for salaried
  • PPF vs NPS: PPF safer but lower returns, NPS market-linked
  • PPF vs FD: PPF tax-free, FD taxable
  • PPF vs Mutual Funds: PPF guaranteed, MF risky but higher potential

What this PPF calculator does

The Public Provident Fund (PPF) is a 15-year sovereign-guaranteed, tax-free savings scheme — one of the safest debt investments available to Indian residents. The MONEX MINT PPF calculator projects your maturity corpus at the current 7.1% rate (FY 2025-26), with annual compounding and a year-wise contribution-plus-interest breakdown. Use it to plan your Section 80C deduction, build a tax-free retirement cushion, or earmark a corpus for your child\'s higher education. Works for any annual deposit between ₹500 and the ₹1.5 lakh statutory ceiling.

How it's calculated

Year-end balance = (Opening balance + Yearly deposit) × (1 + r)
Maturity amount = Sum of compounded annual balances over 15 years
For a constant yearly deposit P: FV = P × [((1+r)^n − 1) / r]
  • P — Annual deposit (₹500 minimum, ₹1,50,000 maximum)
  • r — Annual interest rate — currently 7.1% (0.071) for FY 2025-26
  • n — Tenure in years — minimum 15, extendable in 5-year blocks

Example: ₹1,50,000 deposited every year for 15 years at 7.1%

  1. Annual deposit P = ₹1,50,000 | Rate r = 7.1% = 0.071 | Tenure n = 15 years
  2. Total contributions = ₹1,50,000 × 15 = ₹22,50,000
  3. Year 1 closing = 1,50,000 × 1.071 = ₹1,60,650
  4. Year 2 closing = (1,60,650 + 1,50,000) × 1.071 = ₹3,32,706
  5. Continuing the compounding for 15 years using FV = 1,50,000 × [(1.071^15 − 1) / 0.071]
  6. FV = 1,50,000 × [(2.8266 − 1) / 0.071] = 1,50,000 × 25.726 = ₹38,58,900 (approx.)
  7. Interest earned (tax-free) = ₹38,58,900 − ₹22,50,000 = ₹16,08,900

Result: Maturity: ~₹38,58,900 | Total deposited: ₹22,50,000 | Tax-free interest: ~₹16,08,900

Frequently asked questions

What is the current PPF interest rate?
The PPF interest rate is 7.1% per annum compounded annually for FY 2025-26. The rate is reviewed every quarter by the Ministry of Finance and has remained at 7.1% since April 2020. Interest is calculated on the lowest balance between the 5th and the last day of each month, and credited to the account on 31st March every year.
What is the minimum and maximum I can deposit in PPF each year?
You must deposit a minimum of ₹500 and a maximum of ₹1,50,000 per financial year (across all your PPF accounts combined, including those of minor children whose accounts you operate). Deposits can be made in up to 12 instalments or as a single lumpsum. Depositing before the 5th of every month maximises interest because the interest is calculated on the lowest balance from the 5th onwards.
What is the lock-in period for PPF?
PPF has a 15-year lock-in from the end of the financial year in which the account was opened. So if you opened the account on 12 January 2025 (FY 2024-25), it matures on 1 April 2040 (after 15 financial years from 31 March 2025). Partial withdrawals are permitted from year 7 onwards, and a loan can be taken between years 3 and 6.
Are PPF deposits and interest tax-free?
Yes — PPF enjoys EEE status (Exempt-Exempt-Exempt). Deposits up to ₹1,50,000 per year qualify for Section 80C deduction (under the old tax regime only); the interest accrued every year is fully tax-free; and the maturity proceeds are also fully tax-free regardless of regime. PPF remains one of the very few completely tax-free debt instruments still available to Indian residents.
Can I extend my PPF account after 15 years?
Yes. After the 15-year maturity you have three options: (1) close the account and withdraw the entire balance, (2) extend in 5-year blocks without further contributions while continuing to earn interest, or (3) extend in 5-year blocks with continued contributions. Extension with contributions must be opted within one year of maturity by submitting Form H at the post office or bank.
Is PPF a good investment compared to ELSS or NPS?
PPF is best for the debt portion of your portfolio — tax-free, sovereign-guaranteed, with a 7.1% return that beats most bank FDs after tax. ELSS funds offer higher long-term returns (10-13%) with a shorter 3-year lock-in but carry equity risk. NPS gives an extra ₹50,000 deduction under 80CCD(1B) and equity exposure but locks money till 60. A balanced approach uses PPF for safety, ELSS for growth and NPS for retirement.
Can NRIs invest in PPF?
No. Non-Resident Indians cannot open new PPF accounts. If you opened a PPF as a resident and later became an NRI, you may continue to contribute until the original 15-year maturity but cannot extend the account thereafter. The account must be closed at maturity. Any contributions made after becoming an NRI must be claimed back without interest.

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The 7.1% rate is set quarterly by the Ministry of Finance and has been unchanged since April 2020. Calculator assumes the rate stays constant for the full tenure and that the entire annual deposit is made at the start of each year for simplicity. Your actual returns vary slightly based on the date and frequency of deposits.