PPF Calculator
Calculate your Public Provident Fund maturity value at 7.1% p.a. with a year-by-year interest breakdown. Fully EEE tax-free instrument.
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 current PPF interest rate?
The PPF interest rate for Q1 FY 2025-26 is 7.1% per annum, compounded annually. The rate is revised every quarter by the Government of India. It has been stable at 7.1% since April 2020. The interest is calculated on the minimum balance between the 5th and last day of each month and credited on 31st March.
What is the maximum and minimum deposit in PPF?
The minimum annual deposit in PPF is ₹500 and the maximum is ₹1,50,000 per financial year. You can deposit in up to 12 instalments or as a lump sum. If you fail to deposit the minimum ₹500 in any year, your account becomes inactive and attracts a ₹50 per year penalty to reactivate.
What is the lock-in period for PPF?
PPF has a 15-year lock-in period from the end of the financial year in which the first deposit is made. After 15 years, you can extend the account in blocks of 5 years (to 20 or 25 years) with or without additional deposits. Premature closure is allowed only after 5 years in specific cases (serious illness, higher education, NRI status change).
What are the tax benefits of PPF?
PPF enjoys EEE (Exempt–Exempt–Exempt) status: (1) Deposits up to ₹1.5L per year qualify for Section 80C deduction under the old tax regime. (2) Interest earned is fully exempt from income tax. (3) The maturity amount is entirely tax-free. Note: 80C deductions are not available under the new tax regime, but interest and maturity remain exempt regardless of regime.
Can I take a loan against my PPF account?
Yes. A loan against PPF can be taken from the 3rd to 6th year of the account. The loan amount can be up to 25% of the balance at the end of the 2nd year preceding the loan application year. The loan must be repaid within 36 months and carries a 1% per annum interest charge. Only one loan can be outstanding at a time.