PPF Calculator – Public Provident Fund Calculator Online
Calculate PPF maturity amount, interest earned & returns on your investments
Current PPF Rate: 7.1% p.a. (2024-25)Enter PPF Details
💡 PPF Key Facts
EEE tax benefit: Investment (80C deduction) + Interest (tax-free) + Maturity (tax-free). Government-backed with zero risk. Deposits allowed only for first 15 years; extensions earn interest on accumulated corpus.
PPF Maturity Results
Maturity Amount (Tax-Free)
Total Investment
Total Interest Earned
Investment vs Interest
Year-Wise PPF Breakdown
| Year | Opening Balance | Deposit | Interest Earned | Closing Balance |
|---|
What is Public Provident Fund (PPF)?
Public Provident Fund (PPF) is a popular long-term savings scheme backed by the Government of India. Launched in 1968, PPF offers guaranteed returns with complete capital protection and attractive tax benefits, making it one of the safest investment options in India.
The PPF account can be opened at any authorized bank branch or Post Office with a minimum deposit of just ₹500 per year. The current PPF interest rate 2024-25 is 7.1% per annum, compounded annually. With a lock-in period of 15 years (extendable in blocks of 5 years), PPF is ideal for retirement planning, children’s education, and other long-term financial goals.
Use our PPF calculator online to calculate your exact maturity amount based on annual investments and tenure.
Key Features of PPF Account
1. Eligibility and Account Opening
- Who Can Open: Any Indian resident (individual only, no NRI)
- Age Limit: No age restriction – can be opened for minors by guardians
- Number of Accounts: One account per person (excluding minor accounts)
- Where to Open: Post Offices, SBI, PNB, ICICI, HDFC, and other authorized banks
- Opening Deposit: Minimum ₹100 to open account
2. Deposit Details
- Minimum Deposit: ₹500 per financial year (PPF minimum amount)
- Maximum Deposit: ₹1,50,000 per financial year (PPF max limit)
- Deposit Frequency: Can be deposited monthly, quarterly, or annually
- Number of Deposits: Maximum 12 deposits allowed in a year
- Deposit Modes: Cash, cheque, online transfer, UPI
3. Interest Rate and Returns
- Current PPF Interest Rate: 7.1% per annum (2024-25)
- Interest Calculation: Compounded annually
- Interest Credit: Credited on 31st March every year
- Rate Revision: Quarterly by Ministry of Finance
- Interest Accrual: On minimum balance between 5th and last day of month
4. Tenure and Maturity
- Lock-in Period: 15 years from end of financial year of account opening
- Extension: Can be extended in blocks of 5 years indefinitely
- Extension Options: With or without fresh contributions
- Maturity: Account matures after 15 years
How to Calculate PPF Maturity Amount
Calculating PPF maturity amount manually can be complex. Our PPF calculator uses the standard compound interest formula:
Where:
- F = Maturity amount
- P = Annual deposit
- r = Rate of interest (7.1% = 0.071)
- n = Number of years (15, 20, 25, etc.)
Example PPF Calculation:
If you invest ₹1,50,000 annually for 15 years at 7.1% interest:
- Total Investment (P): ₹22,50,000 (₹1,50,000 × 15 years)
- Using formula: F = 150000 × [((1.071)^15 – 1) / 0.071]
- Maturity Amount: ₹40,68,209
- Total Interest Earned: ₹18,18,209
Tax Benefits of PPF Account
PPF offers EEE (Exempt-Exempt-Exempt) tax status, making it the most tax-efficient investment:
1. Tax Deduction on Investment
- Deposits up to ₹1,50,000 qualify for deduction under Section 80C
- Reduces taxable income significantly
- Tax saving of up to ₹46,800 (for 30% tax bracket)
- Can be combined with other 80C investments (total limit ₹1.5 lakh)
2. Tax-free Interest
- All interest earned is 100% tax-free
- No TDS deducted on PPF interest
- Huge advantage over FDs where interest is taxable
- Tax benefit continues even after extension
3. Tax-free Maturity
- Entire maturity amount is tax-exempt
- No tax on withdrawal after 15 years
- Partial withdrawals also tax-free
Annual Investment: ₹1,50,000
Tax Bracket: 30%
Annual Tax Saving: ₹46,800 (₹1,50,000 × 30%)
15-Year Tax Saving: ₹7,02,000
Plus: Tax-free interest + Tax-free maturity amount!
PPF Withdrawal Rules
1. Partial Withdrawal (After Year 7)
- Eligibility: From 7th financial year onwards
- Maximum Amount: 50% of balance at end of 4th preceding year OR balance at end of preceding year, whichever is lower
- Frequency: One withdrawal per financial year
- Tax: Completely tax-free
2. Loan Against PPF (Years 3-6)
- Availability: From 3rd financial year to end of 6th year
- Loan Amount: Maximum 25% of balance at end of 2nd preceding year
- Interest Rate: PPF rate + 1% (currently 8.1%)
- Repayment: Within 36 months from first day of month loan is taken
3. Premature Closure (After Year 5)
- Allowed For: Medical emergency, higher education
- Penalty: Interest rate reduced by 1% for entire tenure
- Example: If closed after 10 years, interest recalculated at 6.1% instead of 7.1%
4. Account Extension (After Year 15)
- Option 1: Extend with contributions (max ₹1.5L/year) – earns full interest
- Option 2: Extend without contributions – existing balance earns interest
- Extension Period: Blocks of 5 years, can be extended multiple times
- Withdrawal: One withdrawal per year allowed during extension
PPF Interest Rate History
| Financial Year | Interest Rate | Change |
|---|---|---|
| 2024-25 | 7.1% | No change |
| 2023-24 | 7.1% | No change |
| 2022-23 | 7.1% | ↑ 0.4% |
| 2021-22 | 7.1% | ↓ 0.6% |
| 2020-21 | 7.1% | ↓ 0.8% |
| 2019-20 | 7.9% | ↓ 0.1% |
| 2018-19 | 8.0% | ↓ 0.7% |
| 2017-18 | 7.6% | ↓ 0.4% |
| 2016-17 | 8.0% | ↓ 0.1% |
| 2015-16 | 8.7% | ↓ 0.15% |
PPF vs Other Investment Options
| Feature | PPF | FD | NPS | SSY |
|---|---|---|---|---|
| Interest/Returns | 7.1% fixed | 6.0-7.5% | 9-12% (market-linked) | 8.2% |
| Lock-in Period | 15 years | Flexible (7 days-10 years) | Till 60 years | 21 years |
| Tax on Interest | Tax-free (EEE) | Taxable | Partial exempt (EET) | Tax-free (EEE) |
| Tax on Maturity | Tax-free | Taxable | Taxable (40% taxable) | Tax-free |
| Section 80C Benefit | Yes (₹1.5L) | Only Tax-saving FD | Yes (₹1.5L + NPS 80CCD) | Yes (₹1.5L) |
| Risk | Zero (Govt-backed) | Very Low | Medium (market risk) | Zero (Govt-backed) |
| Best For | Long-term savings, retirement | Short-term goals | Retirement corpus | Girl child (0-10 yrs) |
How to Open PPF Account
Step-by-Step Process
- Choose Bank/Post Office: Select authorized institution (SBI, PNB, Post Office, etc.)
- Fill Application Form: Form A for PPF account opening
- Submit Documents: KYC documents + photographs
- Make Initial Deposit: Minimum ₹100 to open
- Receive Passbook: Get PPF passbook for tracking
Documents Required
- Identity Proof: Aadhaar, PAN, Passport, Voter ID, or Driving License
- Address Proof: Aadhaar, Passport, Utility Bills, or Bank Statement
- Passport Size Photos: 2 recent photographs
- PAN Card: Mandatory for deposits above ₹50,000
- Nomination Form: Form E for nominating beneficiary
PPF Investment Strategy
Best Time to Deposit in PPF
- Interest Calculation: Interest calculated on minimum balance between 5th and last day of month
- Best Date: Deposit before 5th of every month to earn full month’s interest
- Worst Date: After 5th means no interest for that month
- Recommended: Deposit on 1st or 2nd to ensure credit before 5th
Lump Sum vs Monthly Deposits
- Option 1: Deposit entire ₹1.5L on April 1st – Maximizes interest earned
- Option 2: Deposit ₹12,500 before 5th of each month – Better cash flow management
- Difference: Early lump sum gives ~₹3,000-5,000 more interest per year
PPF Account for Different Life Goals
1. Retirement Planning
Open PPF at 30, invest ₹1.5L annually till 45 (15 years). Total investment: ₹22.5L. Maturity at 45: ₹40.68L. Extend till 60 (15 more years) without fresh deposits. Amount at 60: ₹1.15 Cr tax-free!
2. Child’s Education
Open PPF for newborn, invest ₹1.5L annually for 15 years. At age 15, corpus of ₹40.68L available. Withdraw partially for higher education. Perfect for college fees.
3. Child’s Marriage
For girl child, combine SSY + PPF. SSY for primary corpus (higher rate 8.2%), PPF for additional savings (grandparents/relatives can open PPF in own name for child).
4. Home Down Payment
Invest ₹1L annually in PPF. After 10 years, accumulate ~₹15-16L. Make partial withdrawal (50% of eligible amount) for home down payment tax-free.
Frequently Asked Questions (FAQs) – PPF Calculator
Q1. What is the current PPF interest rate?
The current PPF interest rate for 2024-25 is 7.1% per annum, compounded annually. This rate is revised quarterly by the Government of India. PPF has historically offered stable returns ranging from 7.1% to 8.7% over the past decade.
Q2. What is the minimum and maximum deposit in PPF account?
Minimum deposit: ₹500 per financial year (failure results in account becoming inactive). Maximum deposit: ₹1,50,000 per financial year. You can deposit in lump sum or in installments (max 12 deposits per year). Account can be opened with minimum ₹100.
Q3. How is PPF interest calculated?
PPF interest is calculated on the minimum balance between 5th and last day of each month, compounded annually. Formula: F = P × [((1+r)^n – 1)/r]. Interest is credited on 31st March every year. Always deposit before 5th of month to earn full month’s interest.
Q4. Is PPF completely tax-free?
Yes, PPF has EEE (Exempt-Exempt-Exempt) tax status: 1) Investment: Deposits up to ₹1.5 lakh qualify for deduction under Section 80C. 2) Interest: All interest earned is 100% tax-free. 3) Maturity: Entire withdrawal amount (including interest) is tax-exempt.
Q5. When can I withdraw money from PPF account?
Partial Withdrawal: Allowed from 7th financial year onwards (max 50% of eligible balance). Loan: Can take loan from 3rd to 6th year (max 25% of balance). Premature Closure: After 5 years for medical/education emergencies (with 1% interest penalty). Maturity: Full withdrawal after 15 years, tax-free.
Q6. Can I extend my PPF account after 15 years?
Yes, PPF can be extended in blocks of 5 years indefinitely. Two options: 1) With contributions: Continue depositing up to ₹1.5L/year, earn full interest + 80C benefits. 2) Without contributions: Existing balance earns 7.1% interest. One withdrawal per year allowed during extension.
Q7. Where can I open a PPF account?
You can open PPF account at: 1) Post Offices: Any India Post branch nationwide. 2) Nationalized Banks: SBI, PNB, Bank of Baroda, Canara Bank, Bank of India, Union Bank, Indian Bank. 3) Private Banks: ICICI Bank, HDFC Bank, Axis Bank. Some banks also offer online PPF account opening.
Q8. What happens if I don’t deposit ₹500 in a year?
If minimum ₹500 not deposited in a financial year, account becomes inactive/discontinued. During inactive period, account earns interest but at lower rate. To reactivate: Pay ₹50 penalty for each default year + minimum ₹500 contribution. Then account becomes active again.
Q9. Can I open PPF account for my child?
Yes, parents/guardians can open PPF account for minor children. Rules: 1) Combined deposits in your + minor’s account cannot exceed ₹1.5L/year, 2) Minor account converts to regular account when child turns 18, 3) Lock-in period of 15 years applies from account opening date, 4) Same tax benefits and interest rate.
Q10. How much will I get if I invest ₹1,50,000 per year in PPF?
At current 7.1% interest for 15 years: Total Investment: ₹22,50,000. Interest Earned: ₹18,18,209. Maturity Amount: ₹40,68,209 (tax-free). If extended for 25 years: ₹1.01 Cr. For 30 years: ₹1.51 Cr. Use our PPF calculator for exact calculations!
Q11. What is the best date to deposit in PPF?
Best date is before 5th of every month. Interest is calculated on minimum balance between 5th and last day of month. If you deposit on: 1st-4th: Full month’s interest. After 5th: No interest for that month. For maximum returns, deposit entire ₹1.5L on April 1st or 2nd of financial year.
Q12. Is PPF better than NPS or Mutual Funds?
PPF Advantages: Guaranteed returns (7.1%), zero risk, complete tax exemption (EEE), govt-backed. NPS/MF Advantages: Higher potential returns (9-15%), market-linked growth. Best Strategy: Invest in PPF for safety (₹1.5L for 80C) + Mutual Funds/NPS for growth. PPF perfect for risk-averse investors and guaranteed retirement corpus.
Conclusion
The Public Provident Fund (PPF) is one of the best long-term investment options in India, offering guaranteed returns, complete safety, and exceptional tax benefits. With current PPF interest rate of 7.1% and EEE tax status, it’s ideal for retirement planning, children’s education, and wealth creation.
Use our free PPF calculator above to plan your investments effectively. The year-wise breakdown helps you visualize how your money grows through compounding. Whether you’re looking for PPF calculator SBI, post office PPF calculator, or PPF maturity calculator, our tool provides accurate instant results.
Start your PPF investment journey today – even small annual deposits of ₹12,000-24,000 can create significant wealth over 15-30 years thanks to the power of compounding!