PPF Calculator
Deposit frequency
Enter your yearly or monthly deposit
and tap Calculate PPF.
PPF Calculator – Public Provident Fund Maturity & Interest (7.1%)
This free PPF calculator shows how much your Public Provident Fund account will be worth at maturity. Enter how much you deposit every year or every month, and the calculator applies the current PPF interest rate of 7.1% with annual compounding, exactly as banks and post offices do. You get the maturity value, the total amount invested, the tax-free interest earned and a complete year-wise statement for 15 years – or up to 35 years if you extend the account in blocks of 5 years.
PPF is one of India's most popular long-term savings schemes because it is backed by the Government of India, gives guaranteed returns and enjoys EEE (Exempt-Exempt-Exempt) tax status: the deposit, the interest and the maturity amount are all tax-free.
How to Use the PPF Calculator
- Choose yearly or monthly deposits. Yearly means one lump-sum deposit at the start of each financial year; monthly means equal deposits every month.
- Enter the amount – between ₹500 and ₹1,50,000 per financial year (₹12,500 per month is the maximum for monthly deposits).
- Check the interest rate – 7.1% is filled in; the government reviews the rate every quarter.
- Select the period – 15 years is the normal maturity; choose 20–35 years to see the effect of extensions with contributions.
- Keep the "before the 5th" box ticked if you deposit before the 5th of the month, which earns interest for that month.
- Tap "Calculate PPF" to see the maturity value and the full year-wise statement.
PPF Interest Rate 2026
The PPF interest rate is set by the Ministry of Finance every quarter along with other small savings schemes. It has been 7.1% per annum since April 2020 and was kept unchanged in the latest quarterly reviews. The rate applies to the whole balance of every account, old or new, for that quarter. Change the rate in the calculator if the government announces a revision.
| Period | PPF interest rate |
|---|---|
| April 2020 – present | 7.1% |
| July 2019 – March 2020 | 7.9% |
| October 2018 – June 2019 | 8.0% |
| January 2018 – September 2018 | 7.6% |
How PPF Interest Is Calculated
PPF interest is calculated every month on the lowest balance between the 5th and the last day of the month, but it is credited to the account only once a year, on 31 March. Because the interest is added once a year, it compounds annually. That is why depositing before the 5th of the month – and ideally before 5 April for a yearly lump sum – gives you the maximum interest.
F = P × [((1 + i)n − 1) ÷ i] × (1 + i)
Here F is the maturity value, P the yearly deposit made at the start of each year, i the annual rate (0.071) and n the number of years. The calculator uses the month-by-month method for monthly deposits, which gives slightly less than a lump sum because each instalment earns interest for fewer months.
PPF Maturity Examples at 7.1%
| Yearly deposit | Invested in 15 years | Maturity after 15 years | Interest earned |
|---|---|---|---|
| ₹12,000 | ₹1,80,000 | ₹3,25,457 | ₹1,45,457 |
| ₹50,000 | ₹7,50,000 | ₹13,56,070 | ₹6,06,070 |
| ₹1,00,000 | ₹15,00,000 | ₹27,12,139 | ₹12,12,139 |
| ₹1,50,000 (maximum) | ₹22,50,000 | ₹40,68,209 | ₹18,18,209 |
These figures assume one deposit before 5 April every year. Depositing monthly gives a little less – for example ₹1,000 every month for 15 years grows to about ₹3,15,568 instead of ₹3,25,457. If you continue investing ₹1,50,000 every year and extend the account twice (25 years in total), the balance grows to about ₹1.03 crore – all of it tax-free.
PPF Monthly Investment Table (15 Years at 7.1%)
| Monthly deposit | Total invested | Maturity value |
|---|---|---|
| ₹500 | ₹90,000 | ₹1,57,784 |
| ₹1,000 | ₹1,80,000 | ₹3,15,568 |
| ₹2,000 | ₹3,60,000 | ₹6,31,136 |
| ₹5,000 | ₹9,00,000 | ₹15,77,840 |
| ₹12,500 (maximum) | ₹22,50,000 | ₹39,44,599 |
PPF Calculation – Step by Step
Here is how a deposit of ₹1,50,000 made before 5 April each year grows in the first three years at 7.1%:
| Year | Opening balance | Deposit | Interest (7.1%) | Closing balance |
|---|---|---|---|---|
| 1 | ₹0 | ₹1,50,000 | ₹10,650 | ₹1,60,650 |
| 2 | ₹1,60,650 | ₹1,50,000 | ₹22,056 | ₹3,32,706 |
| 3 | ₹3,32,706 | ₹1,50,000 | ₹34,272 | ₹5,16,978 |
Each year the interest is 7.1% of (opening balance + deposit), and it is added at the end of the year. The same process continues until year 15, which is why the interest in the last few years is much larger than the deposit itself.
Why the Date of Deposit Matters
Because interest is calculated on the lowest balance between the 5th and the end of each month, a deposit made on the 6th earns nothing for that month. For a yearly deposit the difference adds up: investing ₹1,50,000 before 5 April every year gives ₹40,68,209 after 15 years, while investing it after the 5th of April gives about ₹40,45,735 – a loss of more than ₹22,000 for the same money. Untick "Deposit before the 5th" in the calculator to see the effect on your own plan.
Key Features of PPF
- Tenure: 15 full financial years from the end of the year of opening, extendable any number of times in blocks of 5 years, with or without further deposits.
- Deposit limits: minimum ₹500 and maximum ₹1,50,000 per financial year, in a lump sum or instalments.
- Where to open: any post office or authorised bank such as SBI, HDFC Bank, ICICI Bank, Axis Bank, Bank of Baroda or PNB – online in most banks.
- Who can open: any resident Indian individual, one account per person, plus one account for a minor child as guardian. NRIs cannot open a new account.
- Safety: backed by the Government of India – principal and interest are fully safe.
- No attachment: the PPF balance cannot be attached by a court decree to recover debts.
PPF Tax Benefits (EEE)
- Investment: deposits up to ₹1,50,000 a year qualify for deduction under Section 80C in the old tax regime.
- Interest: completely tax-free every year, under both regimes.
- Maturity: the full maturity amount is tax-free and does not need TDS.
Even under the new tax regime, where 80C is not available, PPF remains attractive because the interest and maturity are tax-free. A 7.1% tax-free return is equivalent to about 10.1% taxable return for someone in the 30% tax bracket.
Partial Withdrawal, Loan and Premature Closure
| Facility | When allowed | Limit |
|---|---|---|
| Loan | From the 3rd to the end of the 6th financial year | Up to 25% of the balance at the end of the 2nd year before the loan |
| Partial withdrawal | From the 7th financial year, once a year | Up to 50% of the balance at the end of the 4th year before, or the preceding year, whichever is lower |
| Premature closure | After 5 financial years | Only for serious illness, higher education or change of residency; 1% lower interest applies |
PPF Extension After 15 Years
On maturity you can close the account and take the money, or extend it for 5 years at a time. If you extend with contributions, you must submit Form H (Form 4 in some banks) within one year of maturity; you can then keep depositing up to ₹1.5 lakh a year and withdraw up to 60% of the balance at the start of the extension period over the 5 years. If you extend without contributions, the balance keeps earning interest and you can withdraw any amount once a year.
PPF Account for Children
A parent or legal guardian can open a PPF account for a minor child. The deposits in the child's account and the parent's own account together cannot exceed ₹1,50,000 in a financial year. Starting a PPF for a child early means the account matures around the time of higher education, and the long compounding period builds a sizeable, tax-free fund.
Documents Needed to Open a PPF Account
- Account opening form (Form 1 / Form A as used by the bank or post office)
- Aadhaar and PAN
- Passport-size photograph
- Address proof if different from Aadhaar
- Nomination form
- Initial deposit of at least ₹500
Common PPF Mistakes to Avoid
- Depositing after the 5th: you lose a month's interest on that deposit.
- Missing the minimum deposit: the account becomes inactive and loans or withdrawals are blocked until revived.
- Depositing more than ₹1.5 lakh: the excess earns no interest and is not eligible for 80C; it is refunded without interest.
- Opening two accounts: only one PPF account per person is allowed; a second account is closed without interest.
- Forgetting to extend on time: submit the extension form within a year of maturity if you want to keep contributing.
- Not updating the nominee: add or update the nominee so your family can claim the money easily.
PPF vs FD vs ELSS
| PPF | Bank FD | ELSS mutual fund | |
|---|---|---|---|
| Return | 7.1%, guaranteed | 6%–8%, fixed | Market-linked |
| Lock-in | 15 years | 7 days – 10 years | 3 years |
| Tax on returns | Tax-free | Taxable at slab rate | LTCG above ₹1.25 lakh taxed at 12.5% |
| Risk | Nil | Very low | High |
Frequently Asked Questions
What is the PPF interest rate in 2026?
The PPF interest rate is 7.1% per annum, compounded annually. It has remained at 7.1% since April 2020.
How much will I get if I invest ₹1.5 lakh every year in PPF for 15 years?
At 7.1%, depositing ₹1,50,000 at the start of every year for 15 years gives a maturity value of about ₹40,68,209, of which ₹18,18,209 is tax-free interest.
What is the maximum amount I can deposit in PPF?
₹1,50,000 per financial year, including deposits in a minor's account where you are the guardian.
When should I deposit money in PPF?
Before the 5th of the month, and ideally before 5 April for a yearly deposit, so the amount earns interest for the whole year.
Is PPF interest taxable?
No. PPF interest and the maturity amount are fully tax-free under both the old and new tax regimes.
Can I extend my PPF account after 15 years?
Yes, in blocks of 5 years, with or without further contributions, any number of times.
What happens if I miss the minimum ₹500 deposit?
The account becomes inactive. You can revive it by paying ₹500 for each missed year plus a penalty of ₹50 per year.
Can I open a PPF account online?
Yes. Most major banks let existing savings account holders open a PPF account through net banking or the mobile app in a few minutes. Post office PPF accounts can be operated through the India Post mobile banking app.
Is PPF better than a fixed deposit?
For long-term savings, usually yes: PPF gives 7.1% tax-free and backed by the government, while FD interest is taxable. FDs are better when you need money within a few years because PPF is locked for 15 years.
What happens to PPF if the account holder dies?
The nominee or legal heir can claim the full balance immediately, even before 15 years, and the account is closed. The account cannot be continued by the nominee.
Sources: Ministry of Finance (Department of Economic Affairs) – small savings interest rate notifications; Public Provident Fund Scheme, 2019; India Post and bank PPF rules.