Use the free PPF (Public Provident Fund) Calculator below to estimate your maturity value, total interest earned, and year-wise growth on your PPF investments. Enter your yearly deposit, tenure, and interest rate, then hit calculate.
PPF Calculator
Estimate your PPF maturity value, total interest earned, and tax savings as an Indian investor
Enter Your Details
How to Use This PPF Calculator
Enter the amount you plan to deposit into your PPF account each year, your investment duration (15 years minimum, extendable in blocks of 5), and the current PPF interest rate. If you already have a PPF balance, add that too. Click calculate to see your projected maturity value, total interest earned, estimated Section 80C tax savings, and a year-wise growth breakdown.
How PPF Returns Are Calculated
PPF interest is compounded annually and credited on 31st March each year, but it is calculated monthly on the lowest balance in your account between the 5th of the month and the last day of the month. That's why depositing your yearly amount by 5th April is important — it ensures your full deposit earns interest for the entire financial year.
Maturity Value = ฮฃ (Opening Balance + Yearly Deposit) × (1 + Interest Rate) for each year of the tenure
This calculator assumes a lump-sum deposit at the start of each financial year (by 5th April) so the full year's interest is earned on that deposit, and applies annual compounding at the interest rate you enter.
PPF Rules You Should Know
- Deposit limits. You can invest a minimum of ₹500 and a maximum of ₹1,50,000 in a PPF account per financial year, in up to 12 instalments.
- Lock-in period. A PPF account matures after 15 years. It can be extended indefinitely in blocks of 5 years, either with fresh contributions or without.
- Interest rate. The rate is set every quarter by the Ministry of Finance and has held at 7.1% per annum since April 2020, making it one of the most stable government-backed savings schemes.
- EEE tax status. PPF enjoys triple tax exemption — the deposit qualifies for a deduction under Section 80C (old tax regime, up to ₹1.5 lakh/year), the interest earned every year is tax-free, and the maturity amount is also fully tax-free.
- Loans and partial withdrawals. You can take a loan against your PPF balance between the 3rd and 6th year, and make partial withdrawals from the 7th year onward, subject to scheme limits.
Benefits of Using This Calculator
- Plan your 15-year goal. See exactly how much your yearly PPF deposits will be worth at maturity, or after extending the account further.
- Compare deposit amounts. Check how increasing your yearly contribution — up to the ₹1.5 lakh limit — changes your final corpus.
- Estimate your tax savings. Get a quick sense of how much tax you save under Section 80C at your income tax slab.
- Track year-by-year growth. View the opening balance, deposit, interest, and closing balance for every year of your PPF tenure.
- No sign-up needed. Free, mobile-friendly, and instant — get results without sharing any personal details.
Frequently Asked Questions
What is the current PPF interest rate?
The PPF interest rate is 7.1% per annum, compounded annually. It is reviewed every quarter by the Ministry of Finance and has remained unchanged since April 2020.
What is the minimum and maximum I can invest in PPF?
You can deposit a minimum of ₹500 and a maximum of ₹1,50,000 in a PPF account in a single financial year, made in up to 12 instalments. Depositing less than ₹500 in a year makes the account inactive until you pay the minimum plus a small penalty.
Can I withdraw money from PPF before 15 years?
Partial withdrawals are allowed from the 7th financial year onward, limited to a portion of the balance as per scheme rules. Premature closure of the entire account is allowed only in specific cases, such as medical emergencies or higher education, subject to a reduced interest rate and after 5 years.
What happens after my PPF account matures in 15 years?
You can withdraw the entire maturity amount tax-free, or extend the account in blocks of 5 years — either continuing to deposit and earn interest, or without further deposits while the existing balance continues to earn interest.
Is PPF better than a Fixed Deposit?
PPF interest is fully tax-free and currently higher than most bank FD post-tax returns, plus it offers a Section 80C deduction that FDs (other than 5-year tax-saver FDs) don't. However, PPF has a longer lock-in and lower liquidity than an FD, so the better choice depends on your time horizon and liquidity needs.
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