FinCalc

PPF Calculator

Calculate PPF maturity with yearly deposits

₹
%
Yrs

Maturity Value

₹40,68,208

Entirely tax-free (EEE)

Total Deposited

₹22,50,000

15 years × ₹1,50,000/yr

Total Interest Earned

₹18,18,208

Tax-free under current rules

Yearly Deposits vs Interest Earned

What is a PPF Calculator?

The Public Provident Fund (PPF) is one of India's most popular long-term savings instruments — backed by the government, offering tax-free returns, and qualifying for EEE (Exempt-Exempt-Exempt) tax treatment. This calculator projects your PPF maturity value based on your annual deposits over the 15-year tenure, accounting for the government-set interest rate.

PPF's unique advantage is complete tax exemption: your deposits get a deduction under Section 80C (up to ₹1.5 lakh), the interest earned is tax-free, and the maturity amount is also tax-free. No other investment in India offers this triple tax benefit with government backing.

When to Use This Calculator

  • Projecting the maturity value of your PPF account after 15 years
  • Planning how much to deposit annually to reach a target corpus
  • Comparing PPF returns (tax-free) with FDs or debt funds (taxed)
  • Understanding the impact of extending PPF beyond 15 years (in 5-year blocks)
  • Using PPF as the debt component of your overall portfolio

Key Terms

PPF

Public Provident Fund — a government-backed savings scheme with a 15-year lock-in, currently offering 7.1% annual interest (as of FY 2025-26), with complete tax exemption.

EEE Status

Exempt-Exempt-Exempt — the deposit qualifies for tax deduction, the interest earned is tax-free, and the maturity amount is also tax-free. PPF is one of the very few EEE instruments in India.

Section 80C

Income Tax Act provision allowing up to ₹1.5 lakh deduction from taxable income for specified investments including PPF, ELSS, EPF, LIC premiums, and home loan principal.

Lock-in Period

PPF has a 15-year lock-in, but partial withdrawals are allowed from the 7th year onward. Premature closure is allowed only in specific circumstances (serious illness, higher education).

Frequently Asked Questions

What is the current PPF interest rate?+
As of FY 2025-26, the PPF interest rate is 7.1% per annum, compounded annually. The rate is set by the government each quarter and has ranged from 7.1% to 8.7% in recent years. It's reviewed but has remained at 7.1% since April 2020.
When should I deposit money for maximum returns?+
Deposit before the 5th of each month. PPF interest is calculated on the lowest balance between the 5th and the end of each month. Depositing on April 1st (or before April 5th) for the full year maximizes interest. Avoid depositing at the end of the financial year.
Can I extend my PPF account after 15 years?+
Yes. After the initial 15 years, you can extend in blocks of 5 years — either with continued contributions (and 80C benefit) or without contributions (just earning interest on the existing balance). There's no limit on extensions.
Is PPF a good investment compared to equity mutual funds?+
PPF gives 7.1% tax-free, which is equivalent to about 10% pre-tax for someone in the 30% bracket. Equity MFs have historically given 12-15% but are taxable and carry risk. PPF is ideal as the safe, guaranteed portion of your portfolio (20-30% allocation), not as your only investment.
What's the maximum I can invest in PPF per year?+
The maximum annual deposit is ₹1.5 lakh and the minimum is ₹500. You can make up to 12 deposits per year (monthly). Deposits above ₹1.5 lakh in a financial year earn no interest and don't qualify for 80C.