🇮🇳 India
PPF Calculator (Public Provident Fund)
The PPF calculator estimates maturity value for a 15-year Public Provident Fund account in India. Enter yearly investment, interest rate, and deposit timing to see total deposits, interest earned, maturity amount, and estimated 80C tax saving. The year-wise table shows opening balance, deposit, annual interest, and closing balance so you can understand how a safe government-backed savings account compounds over time.
How to use
- Enter annual deposit between ₹500 and ₹1,50,000.
- Use the current PPF rate or edit it for scenario planning.
- Select whether deposits are made at the beginning or end of each year.
- Calculate maturity value, total deposits, interest, and indicative tax saving.
- Review all 15 yearly rows to understand compounding and lock-in behavior.
Formula
Closing balance = Opening balance + deposit + interest
PPF interest is notified by the Government of India and compounded annually. In practical account calculations, monthly balances and deposit dates can matter, but for planning a yearly calculator is easier to understand. If investment timing is set to beginning of year, the annual deposit is added before interest. If timing is end of year, interest is calculated on the opening balance and the deposit is added after interest.
The account has a 15-year lock-in, but loan and partial withdrawal facilities become available after specified years. PPF follows EEE tax treatment: eligible contribution can qualify for Section 80C under the old regime, interest is tax-free, and maturity proceeds are tax-free. The calculator caps yearly investment at ₹1,50,000 because that is the normal annual deposit ceiling.
Worked example
Investing ₹1,50,000 every year for 15 years at 7.1% from the beginning of each year deposits ₹22,50,000.
The estimated maturity amount is about ₹42,58,000, with interest of about ₹20,08,000.
At a 30% tax slab, the annual 80C benefit can be worth up to ₹45,000 if the old regime is used.
PPF maturity estimates at 7.1%
| Yearly deposit | Total deposit | Approx. maturity | Interest earned |
|---|---|---|---|
| ₹500 | ₹7,500 | ₹14,194 | ₹6,694 |
| ₹12,000 | ₹1,80,000 | ₹3,40,650 | ₹1,60,650 |
| ₹24,000 | ₹3,60,000 | ₹6,81,300 | ₹3,21,300 |
| ₹50,000 | ₹7,50,000 | ₹14,19,375 | ₹6,69,375 |
| ₹75,000 | ₹11,25,000 | ₹21,29,063 | ₹10,04,063 |
| ₹1,00,000 | ₹15,00,000 | ₹28,38,750 | ₹13,38,750 |
| ₹1,25,000 | ₹18,75,000 | ₹35,48,438 | ₹16,73,438 |
| ₹1,50,000 | ₹22,50,000 | ₹42,58,125 | ₹20,08,125 |
PPF rules and withdrawals
PPF has a 15-year lock-in. Loans are generally available during the early years and partial withdrawals from later years subject to limits. After maturity, the account can be extended in blocks. This makes PPF useful for conservative long-term goals but unsuitable for emergency money.
PPF vs FD
PPF interest is tax-free and government-backed, while FD interest is taxable at slab rates. FDs offer flexible tenures and liquidity but can lose post-tax appeal for higher-bracket taxpayers. PPF has annual contribution limits and lock-in but stronger tax treatment under the old regime.
Using this result in India
This PPF Calculator (Public Provident Fund) is designed as a planning and audit tool, not as a substitute for the original Indian document that controls the transaction. For tax pages, that controlling document may be the Income-tax Act, Finance Act, Form 16, Form 26AS, AIS, challan, or employer declaration. For loan and investment pages, it may be the bank sanction letter, mutual fund scheme document, policy statement, EPFO passbook, NPS statement, or small-savings notification. For state-level pages, it may be a state transport, registration, electricity, or revenue department order. Use the calculator to understand scale, direction, and line-item logic before you rely on the official document.
Indian financial decisions are sensitive to timing. A rate that is correct for FY 2024-25 may not be correct for FY 2025-26. A monthly salary figure may not include bonus, arrears, reimbursements, or employer contributions. A property or vehicle quote may include charges that are negotiable, optional, or state-specific. A bank rate may be floating and linked to an external benchmark. Re-run the calculator when any input changes, and compare at least three scenarios: conservative, expected, and high-cost or low-return.
When the output is a large rupee amount, read it in both exact Indian notation and practical language. ₹10,00,000 is 10 lakhs, ₹1,00,00,000 is 1 crore, and small percentage changes can move the result by many lakhs on long tenures or high-value purchases. Keep screenshots or downloaded statements from the official portal, preserve invoices and receipts, and reconcile calculator output with the final bill, return, or statement before making a payment, filing a return, or signing a contract.
If you share the result with a family member, accountant, lender, employer, dealer, or broker, share the inputs too. Most disagreements come from different assumptions, not from the arithmetic.
FAQ
What is PPF?
PPF is Public Provident Fund, a government-backed long-term savings scheme with tax benefits.
What is the current PPF interest rate?
The rate is notified quarterly by the government; this calculator defaults to 7.1% and lets you edit it.
Can I withdraw PPF before 15 years?
Partial withdrawals and loans are allowed only under specified rules after certain years.
Is PPF interest taxable?
PPF interest is tax-free under current rules.
Can I open PPF for my child?
A parent or guardian can open a PPF account for a minor, subject to combined contribution rules.
Important notes for India
- PPF rates are revised by government notification and can change every quarter.
- The annual deposit limit is ₹1,50,000 across accounts where applicable.
- 80C benefit matters only if you use the old tax regime and have available limit.
- Deposit timing affects actual interest; early financial-year deposits usually earn more.