PPF Calculator — Maturity Value & Interest @7.1%
Estimate your Public Provident Fund maturity value, total deposits and interest earned — with a year-wise growth chart. 100% private — everything is computed in your browser.
Your PPF plan
PPF rules cap deposits at ₹1,50,000 per financial year (minimum ₹500/year to keep the account active). Any amount above the cap is automatically reduced to ₹1,50,000.
⚠ Capped at the ₹1,50,000/year PPF limit.
Currently 7.1% per annum (as per the rate assumed in this calculator; the government revises it periodically). Interest is compounded annually.
Your projection
Total deposited
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Interest earned
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Tax-free under EEE
Maturity value
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Assumption: your yearly deposit is made at the start of each financial year, so it earns interest for the full year (the standard PPF calculator convention — depositing early in the year maximises interest). FV = D × (((1+r)n − 1) ÷ r) × (1+r).
Where your money comes from
Deposits vs interest earned
Year-wise balance growth
What is PPF?
The Public Provident Fund (PPF) is a government-backed long-term savings scheme in India, popular for retirement planning because it combines safety with tax benefits. You deposit money every year, the government pays interest compounded annually, and the account matures after 15 years.
- 15-year lock-in: the account runs for 15 financial years from the year of opening. It can then be extended in 5-year blocks, any number of times — with or without fresh deposits. Use the toggle above to model both modes.
- Deposit limits: minimum ₹500 per year to keep the account active; maximum ₹1,50,000 per financial year per person.
- EEE tax status: deposits qualify for deduction under Section 80C (up to ₹1.5 lakh), the interest earned is tax-free, and the maturity amount is tax-free — Exempt, Exempt, Exempt.
- Rate is government-set: this calculator assumes 7.1% per annum (as per the rate assumed in this calculator; the government revises it periodically — treat the projection as an estimate, not a promise).
Worked examples
Example 1 — ₹1,50,000/year @7.1% for 15 years
Deposit ₹1,50,000 at the start of each financial year for 15 years.
| Item | Amount |
|---|---|
| Total deposited (₹1,50,000 × 15) | ₹22,50,000 |
| Interest earned @7.1% p.a. | ₹18,18,209 |
| Maturity value | ₹40,68,209 |
Sanity check: after year 1 the balance is ₹1,50,000 × 1.071 = ₹1,60,650 — exactly one deposit plus a full year's interest.
Example 2 — same plan extended to 20 years (one 5-year block, deposits continue)
After maturity at 15 years, extend by one 5-year block and keep depositing ₹1,50,000/year.
| Item | Amount |
|---|---|
| Total deposited (₹1,50,000 × 20) | ₹30,00,000 |
| Interest earned @7.1% p.a. | ₹36,58,288 |
| Maturity value | ₹66,58,288 |
The extra 5 years add ₹25,90,079 to the maturity value (₹66,58,288 − ₹40,68,209) — compounding does the heavy lifting late in the game.
Example 3 — extended to 20 years without fresh deposits
Stop depositing after year 15 and let the ₹40,68,209 balance compound for one more 5-year block @7.1%.
| Item | Amount |
|---|---|
| Total deposited (₹1,50,000 × 15) | ₹22,50,000 |
| Interest earned @7.1% p.a. | ₹34,82,587 |
| Corpus after 20 years | ₹57,32,587 |
Compare with Example 2 (₹66,58,288 with deposits) — keeping up the ₹1.5L/year habit through one extension block is worth about ₹9.3 lakh. Switch the toggle above to see your own numbers.
Frequently asked questions
Can I withdraw from PPF before 15 years?
Full withdrawal isn't allowed before maturity, but there are two relief valves: you can take a loan against your balance from the 3rd to the 6th year, and from the 7th year you can make one partial withdrawal per financial year (capped at 50% of the balance at the end of the 4th year or the immediately preceding year, whichever is lower).
What happens if I miss the yearly deposit?
The account becomes discontinued. You can revive it by paying a ₹50 penalty for each missed year plus the minimum ₹500 arrears per year. To avoid the hassle, deposit at least ₹500 every financial year.
How do the 5-year extension blocks work?
After the initial 15 years, you can extend the account in 5-year blocks, any number of times. You choose one of two modes: with fresh deposits (submit Form H within one year of maturity) or without fresh deposits (the existing balance simply keeps earning interest). One partial withdrawal per year is allowed during extension. Try both modes with the toggle above.
Is PPF better than ELSS?
They serve different goals, so there's no universal winner. PPF offers a government-set rate, capital safety, a 15-year horizon, and EEE tax-free status. ELSS (equity-linked savings scheme) is market-linked — potentially higher returns but with volatility, only a 3-year lock-in, and long-term capital gains tax above ₹1 lakh per year. Conservative, long-horizon savers often use both: PPF for the safe core, ELSS for growth.
Can the PPF interest rate change?
Yes. The government sets the PPF rate every quarter and revises it periodically based on government bond yields. The 7.1% per annum used in this calculator is an assumption for illustration — your actual maturity value will move with the notified rates over the years.
Is the PPF maturity amount taxable?
No. PPF enjoys EEE status: deposits are deductible under Section 80C (up to ₹1.5 lakh/year), the interest earned is tax-free, and the maturity payout is fully tax-free.
What are the minimum and maximum deposits?
You must deposit at least ₹500 per financial year to keep the account active, and you cannot deposit more than ₹1,50,000 per financial year across all your PPF accounts combined. This calculator enforces the ₹1.5 lakh cap automatically.
Can I take a loan against my PPF balance?
Yes. Between the 3rd and 6th financial years you can borrow up to 25% of the balance at the end of the 2nd preceding financial year. The loan carries interest at 1% above the prevailing PPF rate and must be repaid before you can take another. From the 7th year, a partial withdrawal (which needs no repayment) is usually the better option.
Can NRIs open or extend a PPF account?
NRIs cannot open a new PPF account. If you opened one as a resident and later became an NRI, you may continue it till the 15-year maturity on a non-repatriable basis — but extensions are not permitted for NRIs; the account must be closed at maturity.
How is PPF linked to Section 80C?
PPF deposits up to ₹1.5 lakh per year qualify for deduction under Section 80C — but only if you opt for the old income-tax regime. The new regime doesn't allow 80C deductions. If you're weighing the regimes, run our income-tax calculator to see which one wins for your salary.
Disclaimer: This is an estimate for illustration, computed in your browser — no data leaves your device. The 7.1% rate is assumed; the government revises the PPF interest rate periodically, so actual maturity will differ. Verify current rules and rates before relying on these figures.