PPF Calculator
Calculate Public Provident Fund maturity amount, total interest, and yearly growth. Current PPF rate: 7.1% p.a.
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PPF Details
- Exempt at investment, growth & maturity
- Max ₹1.5L/yr deductible under Sec 80C
- Lock-in: 15 years (extendable by 5 yrs)
Balance Growth
Year-by-year balance growth
Open PPF Account
Start your PPF investment at SBI, Post Office, or any major bank.
Public Provident Fund (PPF) is India's most popular long-term tax-saving investment, offering government-backed returns with EEE (Exempt-Exempt-Exempt) tax status. With a 15-year lock-in and current interest rate of 7.1%, it is ideal for risk-averse investors building a retirement corpus. Use the calculator above to plan your PPF investments.
PPF Maturity for Different Annual Deposits
| Annual Deposit | Total Deposited (15yr) | Maturity Amount | Tax-Free Interest |
|---|---|---|---|
| ₹10,000 | ₹1.5L | ₹2.7L | ₹1.2L |
| ₹25,000 | ₹3.75L | ₹6.8L | ₹3.0L |
| ₹50,000 | ₹7.5L | ₹13.6L | ₹6.1L |
| ₹1,00,000 | ₹15L | ₹27.1L | ₹12.1L |
| ₹1,50,000 | ₹22.5L | ₹40.7L | ₹18.2L |
*Assuming 7.1% p.a. interest rate (current). Rates are reviewed quarterly by the government.
PPF vs Other 80C Investment Options
| Feature | PPF | ELSS | Tax-Saver FD |
|---|---|---|---|
| Lock-in Period | 15 years | 3 years | 5 years |
| Returns | 7.1% (guaranteed) | 12-15% (market-linked) | 6-7.5% (guaranteed) |
| Tax on Returns | Tax-free | LTCG tax over ₹1L | Fully taxable |
| Risk Level | Low (govt-backed) | High (equity) | Low |
PPF Investment Tips
Deposit Early
Deposit your PPF amount in April (start of FY) to maximize interest — you earn interest on the full year even for an April deposit.
Max Out the Limit
The ₹1.5L limit also covers your other 80C investments. Plan to allocate the full amount if your tax bracket is 30%.
Consider Extension
After 15 years, extend PPF in 5-year blocks. The interest continues to compound tax-free — no other instrument offers this.
Use for Retirement
PPF is ideal for retirement due to its tax-free status. A ₹1.5L annual deposit for 25 years grows to over ₹1 crore.
How to Calculate PPF Returns
In plain words
PPF (Public Provident Fund) is a long-term government-backed savings scheme with a 15-year lock-in period. Interest is compounded annually and credited at the end of each financial year. The formula calculates the future value of annual deposits with yearly compounding.
A = P × ((1 + r)^n - 1) / r
Where:
A = Maturity Amount
P = Yearly Deposit
r = Annual Interest Rate (current: 7.1% ÷ 100 = 0.071)
n = Number of Years (tenure)A quick example
Let us calculate the maturity for the maximum PPF investment:
Step by step
- 1.Year 1: Deposit ₹1,50,000. Interest = 1,50,000 × 0.071 = ₹10,650. Balance = ₹1,60,650
- 2.Year 2: Deposit ₹1,50,000. Balance = 1,60,650 + 1,50,000 = ₹3,10,650. Interest = 3,10,650 × 0.071 = ₹22,056
- 3.This compounding continues for 15 years with the same annual deposit
- 4.At the end of 15 years, the total deposited amount = ₹1,50,000 × 15 = ₹22,50,000
- 5.Total interest earned = Final Balance - Total Deposited
So the answer is: Maturity Amount ≈ ₹40,68,250 | Total Interest ≈ ₹18,18,250 | Effective Returns: ~80%