PPF Calculator
Calculate your Public Provident Fund maturity value with yearly investments at the current PPF interest rate.
₹
₹500₹150000
yrs
15 yrs50 yrs
%
1%15%
Total Investment
₹22,50,000
Interest Earned
₹18,18,209
Maturity Value
₹40,68,209
Maturity₹40,68,209
Investment₹22,50,000
Interest₹18,18,209
How PPF Returns Are Calculated
PPF uses annual compounding. Each year, the deposit is added at the beginning of the year and interest is calculated on the total balance:
Balancen = (Balancen-1 + Yearly Deposit) × (1 + r)
Investing ₹1,50,000 per year at 7.1% for 15 years gives a maturity value of ₹40,68,209, with ₹18,18,209 in tax-free interest on a total investment of ₹22,50,000.
Frequently Asked Questions
What is PPF (Public Provident Fund)?
PPF is a long-term savings scheme backed by the Government of India. It offers a fixed interest rate (currently 7.1% p.a.), tax-free returns under Section 80C, and a 15-year lock-in period.
What is the current PPF interest rate?
The current PPF interest rate is 7.1% per annum, compounded annually. It is reviewed quarterly by the government and has been 7.1% since April 2020.
What is the maximum deposit in PPF per year?
The minimum annual deposit is Rs 500 and the maximum is Rs 1,50,000. Deposits beyond Rs 1.5 lakh do not earn interest.
Can I withdraw from PPF before 15 years?
Partial withdrawal is allowed from the 7th financial year. You can withdraw up to 50% of the balance at the end of the 4th year or the preceding year, whichever is lower.
Is PPF interest tax-free?
Yes, PPF enjoys EEE (Exempt-Exempt-Exempt) tax status. Deposits up to Rs 1.5 lakh qualify for 80C deduction, interest is tax-free, and the maturity amount is tax-free.