PPF Calculator
Public Provident Fund maturity calculator
| Year | Opening Balance | Deposit | Interest | Closing Balance |
|---|---|---|---|---|
| 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 |
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Open calculatorAssumptions and methodology
Transparent calculation notes for PPF Calculator.
Formula used
The calculator adds yearly deposits and credits interest to estimate maturity value.
Methodology
- Add the selected yearly investment.
- Apply the selected PPF interest rate annually.
- Repeat for the selected time period.
Core assumptions
- Yearly contribution is made consistently.
- Interest rate is held constant even though real PPF rates can change quarterly.
- Deposits stay within applicable PPF limits.
Not included
- Actual deposit timing, partial withdrawals, extensions, loans, and government rate changes are excluded.
- Tax rules should be verified for the relevant financial year.
About PPF Calculator
Guide1What is PPF (Public Provident Fund)?
The Public Provident Fund (PPF) is a long-term savings scheme backed by the Government of India. It offers a safe, guaranteed return with attractive tax benefits under the EEE (Exempt-Exempt-Exempt) category, making it one of the most popular tax-saving instruments in India.
PPF has a maturity period of 15 years, which can be extended in blocks of 5 years. It encourages long-term disciplined saving and is available through post offices and designated banks across India.
2Key Features of PPF
- Interest Rate: Set by the government quarterly (currently around 7.1% p.a., compounded annually)
- Investment Limit: Minimum ₹500 and maximum ₹1,50,000 per financial year
- Lock-in Period: 15 years, with partial withdrawal allowed from the 7th year
- Tax Benefits: EEE status — investment, interest, and maturity amount are all tax-free
- Loan Facility: Available from the 3rd to 6th financial year against the PPF balance
3PPF Interest Calculation
PPF interest is calculated on the lowest balance between the 5th and the end of each month:
Monthly Interest = Balance (lowest between 5th and month-end) × r / 12
This means deposits made before the 5th of each month earn interest for that month. Annual interest is credited on March 31st. For maximum returns, invest your yearly contribution before April 5th.
4How to Use This PPF Calculator
- Step 1: Enter your annual PPF contribution (up to ₹1,50,000)
- Step 2: Input the current PPF interest rate
- Step 3: Select the investment period (15 years or extended)
- Step 4: View year-by-year growth, total contributions, and maturity value
5PPF Withdrawal and Extension Rules
- Partial Withdrawal: Allowed from the 7th financial year — up to 50% of the balance at the end of the 4th preceding year
- Extension: After 15 years, extend in 5-year blocks with or without contributions
- Premature Closure: Allowed only in specific cases like serious illness or higher education, after completing 5 years
- Nomination: You can nominate beneficiaries who will receive the balance in case of the account holder's demise