Free PPF Calculator — Calculate Public Provident Fund Returns
Calculate the exact maturity value of your PPF account. See year-by-year growth, total interest earned, and total amount invested at the current PPF interest rate of 7.1% per annum. Completely free.
PPF is India's most trusted long-term tax-saving instrument. Our calculator shows you exactly what you will earn — with no hidden assumptions.
Tax-Free Growth
PPF returns are completely tax-free under Section 80C and Section 10(11). Calculate your effective post-tax yield compared to taxable alternatives.
Year-by-Year Breakdown
See how your PPF balance compounds annually over the 15-year lock-in — and the impact of voluntary contributions above the minimum.
Extension Scenarios
Model PPF extensions in 5-year blocks beyond the initial 15 years to see how balance grows without further deposits.
How to Use the PPF Calculator
Three simple inputs. Get your complete PPF projection in seconds.
1
Enter Annual PPF Deposit
Enter how much you plan to deposit per year — minimum ₹500, maximum ₹1.5 lakh. Maximum deposit gets you maximum Section 80C deduction.
2
Set Current Interest Rate
The current PPF rate is 7.1% per annum (revised quarterly by the Government). We pre-fill this but you can model different scenarios.
3
Choose Investment Period
Minimum 15 years. Select 15 years for standard or more for extended accounts to see long-term compounding.
PPF Calculation Formula
Understand exactly how your PPF maturity amount is calculated.
PPF Interest Calculation Formula
F = P × {[(1 + i)ⁿ - 1] / i}
Where F = maturity amount, P = annual deposit amount, i = annual interest rate (currently 7.1% = 0.071), n = number of years (minimum 15). Interest is calculated on the minimum balance between the 5th and last day of each month and credited annually on March 31st.
Frequently Asked Questions
Everything you need to know about PPF and how to maximise your returns.
PPF (Public Provident Fund) is a government-backed, long-term savings scheme offered through post offices and banks. It is ideal for conservative investors who want guaranteed returns with full tax exemption. PPF benefits: Section 80C deduction on deposits up to ₹1.5 lakh/year; interest is completely tax-free; maturity proceeds are tax-free (EEE — Exempt-Exempt-Exempt status). It is suitable for: salaried employees supplementing EPF, self-employed professionals without employer PF, parents building a tax-free corpus for children's education.
The PPF interest rate for January–March 2026 is 7.1% per annum, compounded annually. The rate is set by the Government of India and revised quarterly (though it has remained at 7.1% since April 2020). Rate history: pre-2016 rates were 8.7–8.8%; they were progressively reduced to the current 7.1%. While lower than historical rates, PPF remains attractive because the returns are fully tax-exempt, making the effective yield for the highest 30% tax bracket approximately equivalent to a 10%+ taxable return.
No. The maximum annual PPF deposit limit is ₹1.5 lakh per financial year across all PPF accounts in your name (including minor children's accounts under your guardianship). Deposits above ₹1.5 lakh are returned without interest. You can make up to 12 deposits per year in any amount, as long as the total does not exceed ₹1.5 lakh. Tip: deposit before the 5th of each month to earn interest for that full month.
At maturity, you have three options: (1) Full withdrawal — close the account and receive the entire maturity amount tax-free; (2) Extension without deposits — keep the account open for 5-year blocks; the balance continues to earn interest at the prevailing rate; (3) Extension with deposits — extend for 5-year blocks and continue making deposits (up to ₹1.5 lakh/year), gaining both deposit benefits and interest. Extensions must be declared within 1 year of maturity. If no declaration is made, the account defaults to option 2.
Yes. You can take a loan against your PPF balance from the 3rd financial year onwards up to the 6th year. The maximum loan is 25% of the balance at the end of the second year preceding the loan application. The loan interest rate is 1% above PPF interest rate. If the loan is not repaid within 36 months, interest rate increases to 6%. Loans from PPF are more expensive than alternatives like overdraft against FD, but the advantage is it does not break the PPF account.
Both offer Section 80C deduction, but differ significantly: PPF offers guaranteed 7.1% tax-free returns with 15-year lock-in and no market risk. ELSS (Equity Linked Savings Scheme) mutual funds have a 3-year lock-in with market-linked returns (historically 12–16% CAGR but with volatility). PPF suits: risk-averse investors, debt portion of portfolio, guaranteed education/retirement corpus. ELSS suits: investors with 7+ year horizon, risk tolerance, and who want equity-driven wealth creation. Most financial planners recommend a combination — PPF for guaranteed foundation, ELSS for growth.
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