PPF Calculator (India)
Estimate the maturity value of your Public Provident Fund (PPF), India's government-backed savings scheme. See how your yearly deposits and tax-free annual interest grow over a 15-year tenure or beyond.
Deposit Details
Year-by-Year Breakdown
| Year | Opening | Deposit | Interest | Closing |
|---|---|---|---|---|
| 1 | ₹0 | ₹1,50,000 | ₹10,650 | ₹1,60,650 |
| 2 | ₹1,60,650 | ₹1,50,000 | ₹22,056 | ₹3,32,706 |
| 3 | ₹3,32,706 | ₹1,50,000 | ₹34,272 | ₹5,16,978 |
| 4 | ₹5,16,978 | ₹1,50,000 | ₹47,355 | ₹7,14,334 |
| 5 | ₹7,14,334 | ₹1,50,000 | ₹61,368 | ₹9,25,701 |
| 6 | ₹9,25,701 | ₹1,50,000 | ₹76,375 | ₹11,52,076 |
| 7 | ₹11,52,076 | ₹1,50,000 | ₹92,447 | ₹13,94,524 |
| 8 | ₹13,94,524 | ₹1,50,000 | ₹1,09,661 | ₹16,54,185 |
| 9 | ₹16,54,185 | ₹1,50,000 | ₹1,28,097 | ₹19,32,282 |
| 10 | ₹19,32,282 | ₹1,50,000 | ₹1,47,842 | ₹22,30,124 |
| 11 | ₹22,30,124 | ₹1,50,000 | ₹1,68,989 | ₹25,49,113 |
| 12 | ₹25,49,113 | ₹1,50,000 | ₹1,91,637 | ₹28,90,750 |
| 13 | ₹28,90,750 | ₹1,50,000 | ₹2,15,893 | ₹32,56,643 |
| 14 | ₹32,56,643 | ₹1,50,000 | ₹2,41,872 | ₹36,48,515 |
| 15 | ₹36,48,515 | ₹1,50,000 | ₹2,69,695 | ₹40,68,209 |
PPF interest is compounded annually and credited on 31st March each year. Interest is calculated on minimum balance between 5th and last day of each month. Rate is subject to quarterly revision by Government of India. Current rate: 7.1% p.a.
Frequently Asked Questions
What is the PPF tenure?
A PPF account runs for 15 years. After maturity you can extend it in blocks of 5 years, with or without further contributions.
Is PPF interest taxable?
No. PPF falls under the EEE (Exempt-Exempt-Exempt) regime, so your deposits, the interest earned, and the maturity amount are all fully tax-free.
What is the maximum yearly deposit?
You can invest up to ₹1.5 lakh per financial year, with a minimum of ₹500. The government sets the interest rate every quarter.
Understanding the PPF Calculator
India's PPF Calculator estimates the maturity value of a Public Provident Fund account — the country's popular long-term, government-backed savings scheme. Enter your yearly investment (between ₹500 and ₹1.5 lakh), the annual interest rate (set quarterly by the Government of India, currently around 7.1%), and a tenure of 15 years or longer. The tool compounds your deposits annually and shows three clear figures: the total you invested, the tax-free interest earned, and the final maturity value. A growth chart and a year-by-year table reveal exactly how your balance builds up. Because PPF enjoys EEE status, every rupee of interest and the entire maturity amount are tax-free.
How it works
PPF deposits are made once a year and interest compounds annually. For each year the calculator adds your deposit to the running balance, then applies the annual interest rate to that combined amount: balance = (previous balance + yearly deposit) × (1 + rate ÷ 100). It repeats this for every year of the tenure. The total invested is simply your yearly deposit multiplied by the number of years, and the total interest is the maturity value minus the total invested. The chart plots your growing balance against your cumulative invested amount, while the table lists each year's cumulative investment, that year's interest, and the closing balance so you can trace the compounding effect.
Worked Example
Suppose you invest the maximum ₹1,50,000 every year at 7.1% for the full 15-year tenure. Your total invested is ₹22,50,000 (₹1.5 lakh × 15). With annual compounding, the account grows to a maturity value of roughly ₹40.68 lakh, meaning you earn about ₹18.18 lakh in interest — entirely tax-free. Because PPF is EEE, you owe no tax on the deposits, the interest, or the final payout, making the effective return notably higher than a comparable taxable deposit.
Tips & Common Mistakes
- Deposit before the 5th of the month (or the year's start) — PPF interest is calculated on the lowest balance between the 5th and month-end, so early deposits earn more.
- The yearly cap is ₹1.5 lakh and the minimum is ₹500; deposits above the cap earn no interest and are not eligible for Section 80C benefits.
- The interest rate is reviewed every quarter by the Government of India, so revisit the calculator whenever the rate changes to refresh your projection.
- After the initial 15 years you can extend the account in blocks of 5 years, with or without fresh contributions — the calculator supports longer tenures.
- PPF qualifies for a Section 80C deduction and is fully EEE, so the interest and maturity amount are completely tax-free.
- Partial withdrawals are allowed from the 7th year and loans from the 3rd to 6th year — handy if you need liquidity without breaking the account.
Sources & Methodology
- →Public Provident Fund Scheme, 2019 (Government of India / India Post)
- →Section 80C, Income Tax Act, 1961 (EEE tax treatment of PPF)
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Built and maintained by TopOpenTools · Last updated June 2026. These tools provide general estimates for educational purposes only and are not financial, tax, insurance, investment, or medical advice. Verify important decisions with a qualified professional.