PPF Calculator
Estimate PPF maturity, yearly contributions, and long-term tax-saving returns.
- Free
- No sign-up
- Runs in your browser
Start from an example
Maturity value after 15 years
₹13,56,070
depositing ₹50,000 every year at 7.1% p.a. — all of it tax-free
- You deposit₹7,50,000 (55%)
- Tax-free interest₹6,06,070 (45%)
- Total deposited
- ₹7,50,000
- Tax-free interest
- ₹6,06,070
- Money multiplies
- 1.81×
- Maturity value
- ₹13,56,070
This assumes you deposit by 5 April each year — money added later in the year earns less interest for that year. Deposits also count for the Section 80C deduction (old tax regime).
Deposits and interest, year by year
- Deposited so far
- Interest earned so far
Interest grows faster each year because it is earned on earlier interest too.
Year-by-year statement
| Year | Deposit | Interest | Balance |
|---|---|---|---|
| 1 | ₹50,000 | ₹3,550₹3.55K | ₹53,550₹53.5K |
| 2 | ₹50,000 | ₹7,352₹7.35K | ₹1,10,902₹1.11L |
| 3 | ₹50,000 | ₹11,424₹11.4K | ₹1,72,326₹1.72L |
| 4 | ₹50,000 | ₹15,785₹15.8K | ₹2,38,111₹2.38L |
| 5 | ₹50,000 | ₹20,456₹20.5K | ₹3,08,567₹3.09L |
| 6 | ₹50,000 | ₹25,458₹25.5K | ₹3,84,025₹3.84L |
| 7 | ₹50,000 | ₹30,816₹30.8K | ₹4,64,841₹4.65L |
| 8 | ₹50,000 | ₹36,554₹36.6K | ₹5,51,395₹5.51L |
| 9 | ₹50,000 | ₹42,699₹42.7K | ₹6,44,094₹6.44L |
| 10 | ₹50,000 | ₹49,281₹49.3K | ₹7,43,375₹7.43L |
| 11 | ₹50,000 | ₹56,330₹56.3K | ₹8,49,704₹8.5L |
| 12 | ₹50,000 | ₹63,879₹63.9K | ₹9,63,583₹9.64L |
| 13 | ₹50,000 | ₹71,964₹72K | ₹10,85,548₹10.9L |
| 14 | ₹50,000 | ₹80,624₹80.6K | ₹12,16,172₹12.2L |
| 15 | ₹50,000 | ₹89,898₹89.9K | ₹13,56,070₹13.6L |
Complete Guide to Public Provident Fund (PPF) Calculator
The Public Provident Fund (PPF) is one of India’s most popular long-term, tax-saving investment schemes. Backed by the Government of India, it offers guaranteed returns, tax benefits under Section 80C, and a maturity period of 15 years (extendable in 5-year blocks). The PPF Calculator helps you estimate the maturity amount, total interest earned, and plan your contributions effectively.
Our interactive PPF Calculator above provides real-time estimates with adjustable annual contributions, interest rates (current 7.1% p.a.), and tenure from 15 years up to 30 years with extensions (type up to 50). You can see the year-by-year growth and interest, and download a PDF report or an Excel/CSV statement. This comprehensive guide covers every aspect of PPF – from eligibility to withdrawal rules, tax implications, and investment strategies.
1. Understanding the PPF Calculation Formula
M = P * [ (1 + r)^n - 1 ] / r * (1 + r)Where:
- M = Maturity Amount
- P = Annual Contribution (assumed at beginning of year)
- r = Annual Interest Rate (in decimal)
- n = Number of years (tenure)
2. Key Features of PPF
- Government-backed: Sovereign guarantee, zero risk.
- Tax benefits: Section 80C deduction up to ₹1.5 lakh per year.
- Tax-free interest: Interest earned is completely exempt from tax.
- Tax-free maturity: Entire corpus is tax-free on withdrawal.
- Loan facility: Against PPF balance from 3rd to 6th year.
- Partial withdrawal: Allowed from 7th financial year.
3. PPF Interest Rate History
PPF interest rates are declared quarterly by the Ministry of Finance. Over the last decade, rates have ranged from 7% to 8%. The current rate (Oct-Dec 2024) is 7.1%. While lower than some market-linked instruments, the tax-free nature makes PPF highly attractive for conservative investors.
4. How to Use the PPF Calculator for Goal Planning
- Retirement planning: A 30-year-old investing ₹1.5 lakh annually in PPF for 30 years can accumulate over ₹1.5 crore (tax-free).
- Child education: A 15-year PPF can fund higher education expenses.
- Extension strategy: After 15 years, extend in 5-year blocks to continue tax-free compounding.
- Compare with other instruments: Type or slide the rate to see how a higher rate (if government revises) impacts maturity.
5. PPF vs Other Tax-Saving Options
- PPF vs ELSS: ELSS gives higher potential returns but with market risk and 3-year lock-in. PPF is safer with 15-year lock-in.
- PPF vs NPS: NPS offers additional tax benefits (Section 80CCD) but partial annuity lock-in. PPF is more flexible.
- PPF vs FD (5-year tax saver): FD interest is taxable; PPF is completely tax-free.
6. PPF Withdrawal and Premature Closure Rules
- Partial withdrawal: Allowed from the 7th financial year, up to 50% of the balance at the end of the 4th preceding year.
- Premature closure: Allowed after 5 years only for specific reasons (medical treatment, higher education, etc.) with a penalty of 1% lower interest.
- Maturity withdrawal: Entire corpus can be withdrawn tax-free at the end of 15 years.
7. Loan Against PPF
Between the 3rd and 6th financial year, you can avail a loan of up to 25% of the PPF balance from the preceding year. Interest on the loan is 1% higher than the PPF rate (typically 8.1% currently). This is a useful feature for short-term liquidity needs without breaking the PPF account.
8. Frequently Asked Questions (FAQ)
Yes, it uses the standard PPF compounding formula. Actual account interest may vary slightly due to monthly minimum balance rules, but the difference is minimal.
No, the maximum annual contribution is ₹1.5 lakh. Any excess does not earn interest and is not eligible for tax deduction.
₹500 per financial year. The account becomes inactive if no deposit is made, but can be revived with a penalty.
Yes, in blocks of 5 years. During extension, you can continue contributing or keep the account active without fresh deposits.
Click “Download PDF report” for a printable summary with the year-by-year statement, or “Download year-by-year (Excel/CSV)” to open it in Excel. “Copy link” saves your exact numbers.
9. Strategies to Maximise PPF Returns
- Invest the full ₹1.5 lakh in the first week of April to maximise interest for the entire year.
- Extend PPF in 5-year blocks after 15 years to continue tax-free compounding.
- Use PPF as a core debt component in your portfolio, especially for retirement.
- Nominate a family member to ensure smooth transfer on death.
10. Final Thoughts
The PPF Calculator is an essential tool for anyone looking to build a safe, tax-efficient, long-term corpus. Whether you are a young professional starting your savings journey or a retiree seeking guaranteed income, PPF offers unmatched safety and tax benefits. Use our interactive calculator above, experiment with different contribution levels and tenures, and download your personalised report.
Start using the PPF Calculator above now – and take the first step towards a secure, tax-free future!