PPF Calculator (Public Provident Fund)
Planning to open a PPF account or already have one? See exactly how your corpus builds up year by year. PPF is one of the few investments where everything is tax-free - the deposit, the interest, and the maturity amount.
This calculator is designed for India. Rates and rules are based on Indian regulations. Outside India? Try our Long-term Savings Calculator →
Max ₹1,50,000/year
Current: 7.1% (FY24-25)
Min 15 years
How to use
- Enter how much you plan to put in every year. The limit is ₹1.5 lakh and the minimum is ₹500.
- The current PPF rate is 7.1% p.a. The government revises this quarterly, so double-check if you're reading this later.
- PPF locks in for 15 years. You can extend in 5-year blocks after that.
- Hit Calculate and you'll get a year-by-year table showing how your money compounds.
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PPF (Public Provident Fund) is one of India's safest long-term savings instruments, backed by the Government of India. It offers an interest rate of 7.1% per annum (FY 2024-25), compounded annually. Contributions up to ₹1.5 lakhs per year qualify for deduction under Section 80C. Both the interest earned and the maturity amount are completely tax-free, making it an EEE (Exempt-Exempt-Exempt) instrument.
The lock-in period is 15 years, extendable in 5-year blocks. Partial withdrawals are permitted from the 7th year onwards (up to 50% of the balance at the end of the 4th year). Loans against your PPF balance can be taken between year 3 and year 6 at a low 1% above the PPF rate.
Frequently Asked Questions
What is the minimum and maximum PPF deposit?
The minimum deposit is ₹500 per year (account becomes inactive if not maintained). The maximum is ₹1.5 lakhs per year across all your PPF accounts. Deposits can be made in a lump sum or up to 12 instalments per year.
Is the PPF interest rate fixed?
No. The government reviews it every quarter. The rate has been unchanged at 7.1% since April 2020. Historically it was higher, 12% in the 1980s, but has declined with falling inflation. Interest is calculated on the minimum balance between the 5th and last day of each month.
Can NRIs invest in PPF?
NRIs are not eligible to open a new PPF account. However, if you opened one as a resident and later became an NRI, you can continue contributing until maturity at the prevailing rate. The account cannot be extended beyond 15 years by an NRI.
What happens after the 15-year maturity?
You can withdraw the full corpus tax-free. Alternatively, extend the account in 5-year blocks, either with fresh contributions (same ₹1.5L annual limit) or without contributions while the existing balance continues to earn interest.
Disclaimer: Results are estimates for informational purposes only and do not constitute financial, tax, or investment advice. Figures may vary based on actual terms. Always consult a qualified financial advisor before making financial decisions.