PPF Calculator
Estimate the maturity value of your Public Provident Fund investment with compound interest.
How does this PPF calculator work?
Enter your annual contribution, the current PPF interest rate, and investment tenure to estimate your maturity value. PPF offers tax-free returns under Section 80C.
Formula
M = P × ((1 + r)n − 1) / r Where:
- M = Maturity value
- P = Annual contribution
- r = Annual interest rate (decimal)
- n = Number of years
PPF contributions are compounded annually. Interest is calculated on the running balance and credited at year end.
Why use a PPF calculator?
- Plan annual deposits within the ₹1.5 lakh Section 80C limit
- See how 15-year compounding affects maturity
- Compare with ELSS or NPS if you are choosing a tax-saving option
- Estimate maturity at the rate you enter
Note: PPF rates change quarterly. Verify the current rate with official sources. Not tax or investment advice.
PPF Calculator: guide and FAQ
What is it?
PPF (Public Provident Fund) is a government-backed savings scheme in India. Contributions qualify for Section 80C, and interest plus maturity are tax-free under current rules. The default account runs 15 years and can be extended in 5-year blocks. You can put up to ₹1.5 lakh per financial year.
How to use this calculator
- Enter annual contribution Enter what you plan to deposit each year, up to ₹1.5 lakh, in multiples of ₹50.
- Set PPF interest rate The rate is set by the government each quarter. Use the latest notified rate and confirm on the official PPF page.
- Select tenure The minimum block is 15 years. Extensions continue compounding on the balance.
- Review maturity and interest split See how much comes from your deposits and how much from interest. Interest dominates in later years.
Worked example
₹1.5 lakh per year for 15 years at 7.1% p.a. can reach around ₹40 lakh in this model, with interest above total deposits.
Practical tips
- Depositing early in April gives interest on the full amount for longer.
- Keep nominations updated and check your passbook or online balance once a year.
Frequently asked questions
Is PPF interest taxable?
No, under current rules interest and maturity are tax-free (EEE).
Can I withdraw before 15 years?
Partial withdrawals are allowed from the 7th financial year, within limits. Full early closure is only in specific cases.
PPF vs ELSS mutual funds?
PPF is fixed return and long lock-in. ELSS is equity with market risk and a shorter lock-in. Many people use both.