PPF Calculator
Project a Public Provident Fund balance over any term. PPF is exempt-exempt-exempt — the contribution is deductible, the interest is untaxed and the maturity amount is tax-free — with a ₹1.5 lakh annual limit.
Free · No sign-up · Nothing leaves your browser · Figures reviewed 22 September 2026
Your details
Minimum ₹500, maximum ₹1,50,000 across all your PPF accounts combined.
A lump sum early in the financial year earns more interest than the same amount spread monthly.
Declared quarterly by the government. Change it if the current rate differs.
Fifteen years is the standard term, extendable in five-year blocks.
Maturity value after 15 years
₹40,68,209
₹22,50,000 invested, ₹18,18,209 earned — entirely tax-free.
- Invested · 55%
- Interest · 45%
The account
- Annual contribution
- ₹1,50,000
- Interest rateDeclared quarterly by the government. Change it if it has been revised
- 7.1%
- TermThe standard term, extendable in five-year blocks
- 15 years
- Total invested
- ₹22,50,000
- Interest earned
- ₹18,18,209
- Maturity value
- ₹40,68,209
Tax
- Deduction on contributionSection 123, formerly 80C — old regime only
- ₹1,50,000
- Tax on interest
- Nil
- Tax on maturity
- Nil
PPF is exempt-exempt-exempt: the contribution is deductible, the interest is untaxed and the maturity amount is tax-free. Very few Indian instruments are.
Milestones
- Year 5Partial withdrawal allowed from year seven; loans from year three
- ₹9,25,701
- Year 7
- ₹13,94,524
- Year 15Maturity, or extend in five-year blocks
- ₹40,68,209
The annual limit of ₹1,50,000 applies across all PPF accounts you hold, including one opened for a minor. Contributions above it earn no interest.
Interest is calculated on the lowest balance between the fifth and the last day of each month, so a deposit made on the 5th earns a full month's interest and one made on the 6th earns none.
The rate is declared quarterly and has moved several times. A projection over fifteen years at today's rate is a rough guide, not a promise.
A projection, not a promise. Rates and returns move, and small changes compound over decades — revisit the assumptions rather than treating the output as a plan.
PPF runs for fifteen years and is then extendable in five-year blocks. The annual limit is ₹1,50,000 across every PPF account you hold, including one opened for a minor, and the minimum is ₹500.
Its real advantage is the tax treatment. Very few Indian instruments are exempt at contribution, exempt on interest and exempt at maturity — and that is worth more than a percentage point of headline return.
The fifth-of-the-month rule
Interest is calculated on the lowest balance between the fifth and the last day of each month. A deposit made on the 5th earns a full month's interest; the same deposit on the 6th earns none for that month.
Over fifteen years that timing alone is worth a meaningful amount, and it costs nothing to get right.
Getting money out
Loans are available from the third year to the sixth. Partial withdrawal is allowed from the seventh year, once a year, up to half the balance at the end of the fourth preceding year.
Full premature closure is permitted only in narrow circumstances — serious illness, higher education, a change of residency status — and carries an interest penalty. Treat PPF as locked.
Frequently asked questions
- What is the PPF interest rate?
- It is declared quarterly by the government and has moved several times over the years. Use the current quarter's rate — the calculator lets you change it rather than assuming one.
- What is the maximum PPF investment per year?
- ₹1,50,000 across all PPF accounts you hold, including any opened for a minor. Contributions above the limit earn no interest at all.
- Is PPF interest taxable?
- No. PPF is exempt at contribution, exempt on interest and exempt at maturity. The contribution deduction is available under section 123, formerly 80C, and therefore only in the old tax regime.
- When should I deposit into PPF each year?
- Before the 5th of the month, and ideally in early April for a lump sum. Interest is calculated on the lowest balance between the 5th and the end of each month, so a deposit on the 6th earns nothing that month.
- Can I withdraw from PPF before 15 years?
- Partially, from the seventh year, once a year, up to half the balance at the end of the fourth preceding year. Loans are available from the third to the sixth year. Full premature closure is limited to specific circumstances and carries a penalty.
About this tool
Built by the ViniOffice team. Figures and rules last reviewed 22 September 2026 against the statutory reference this team maintains. Indian statutory rates are date-effective and change by notification — confirm against the current one before running payroll or filing. A projection, not a promise. Rates and returns move, and small changes compound over decades — revisit the assumptions rather than treating the output as a plan.
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