PPF Calculator
Calculate PPF maturity amount, interest earned, and year-wise balance. Free Public Provident Fund calculator for India with 15-year lock-in.
PPF has a 15-year lock-in (extendable in 5-year blocks). Max deposit ₹1.5 lakh/year qualifies for Section 80C. Interest is tax-free.
How to Use
Step-by-step guide to get the most from this tool
- 1
Enter yearly deposit
Set your planned annual PPF contribution (up to ₹1.5 lakh).
- 2
Set tenure and rate
Default is 15-year lock-in. Adjust interest rate to match current government rate.
- 3
Review maturity
See total deposited, interest earned, and maturity value with growth chart.
Features
What makes this tool stand out
Government-backed
Risk-free returns with sovereign guarantee.
Tax-free
EEE status — no tax on interest or maturity.
Growth chart
Visualize deposited vs balance over years.
India-specific
Built for PPF rules, limits, and 80C benefits.
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Frequently Asked Questions
Quick answers to common questions
What is PPF?+
Public Provident Fund (PPF) is a government-backed long-term savings scheme in India with tax-free returns. It has a 15-year lock-in period and qualifies for Section 80C deduction up to ₹1.5 lakh per year.
What is the current PPF interest rate?+
PPF interest is declared quarterly by the government. The rate used in our calculator defaults to 7.1% p.a. — adjust it when the government revises rates.
What is the maximum PPF deposit per year?+
You can deposit a minimum of ₹500 and maximum of ₹1.5 lakh per financial year in a PPF account.
Is PPF interest taxable?+
No. PPF falls under the EEE (Exempt-Exempt-Exempt) category — deposits, interest, and maturity are all tax-free.
Can I extend PPF after 15 years?+
Yes. You can extend in blocks of 5 years with or without further contributions after the initial 15-year lock-in.
How is PPF interest calculated?+
Interest is compounded annually on the lowest balance between the 5th and last day of each month. Our calculator uses annual compounding on yearly deposits for estimation.
PPF vs FD — which is better?+
PPF offers tax-free returns and 80C benefit but has a 15-year lock-in. FDs offer more flexibility but interest is taxable unless tax-saver FD with 5-year lock-in.
PPF vs SIP — which is better?+
PPF is risk-free with guaranteed government rate. SIP in equity mutual funds offers higher potential returns but with market risk. Many investors use both.