How to use the PPF Calculator
- Enter how much you will deposit every year (up to ₹1.5 lakh).
- Check the current PPF interest rate and change it if needed.
- Read the maturity value and the yearly table; try 20 or 25 years for an extension.
About this tool
PPF (Public Provident Fund) is a government-backed savings scheme with a 15-year lock-in. You can deposit between ₹500 and ₹1,50,000 each financial year. Interest is compounded once a year: this calculator assumes your deposit is made at the start of each year (before the 5th of April, so the full year earns interest), giving balance = (previous balance + deposit) × (1 + rate) every year.
Investing ₹1,50,000 every year for 15 years at 7.1% gives about ₹40.68 lakh, of which ₹22.5 lakh is your money and about ₹18.18 lakh is interest. PPF has EEE status: deposits qualify for Section 80C in the old regime, and the interest and maturity amount are tax-free. After 15 years you can extend the account in blocks of 5 years.
Frequently asked questions
What is the maturity of ₹1.5 lakh per year in PPF for 15 years?
At 7.1% it is about ₹40,68,209: ₹22,50,000 invested plus about ₹18,18,209 tax-free interest.
Who decides the PPF interest rate?
The Ministry of Finance reviews small savings rates every quarter. The rate can change, so the final amount may differ from this estimate.
Can I withdraw from PPF before 15 years?
Partial withdrawals are allowed from the 7th financial year, and loans from the 3rd to 6th year, subject to limits. Premature closure is allowed only in specific cases.
When should I deposit in PPF?
Interest is calculated on the lowest balance between the 5th and the end of each month, so depositing before the 5th of April (or the 5th of any month) earns the most.