PPF Calculator
Project your Public Provident Fund corpus over 15 years and beyond.
Inputs
Minimum ₹500, maximum ₹1.5 Lakh per financial year.
Current rate notified by the government for the quarter.
Minimum 15 years. Extendable in 5 year blocks.
Maturity value
Yearly balance
Year by year
| Year | Invested | Interest | Balance |
|---|---|---|---|
| 1 | ₹1,50,000 | ₹10,650 | ₹1,60,650 |
| 2 | ₹1,50,000 | ₹22,056 | ₹3,32,706 |
| 3 | ₹1,50,000 | ₹34,272 | ₹5,16,978 |
| 4 | ₹1,50,000 | ₹47,355 | ₹7,14,334 |
| 5 | ₹1,50,000 | ₹61,368 | ₹9,25,701 |
| 6 | ₹1,50,000 | ₹76,375 | ₹11,52,076 |
| 7 | ₹1,50,000 | ₹92,447 | ₹13,94,524 |
| 8 | ₹1,50,000 | ₹1,09,661 | ₹16,54,185 |
| 9 | ₹1,50,000 | ₹1,28,097 | ₹19,32,282 |
| 10 | ₹1,50,000 | ₹1,47,842 | ₹22,30,124 |
| 11 | ₹1,50,000 | ₹1,68,989 | ₹25,49,113 |
| 12 | ₹1,50,000 | ₹1,91,637 | ₹28,90,750 |
| 13 | ₹1,50,000 | ₹2,15,893 | ₹32,56,643 |
| 14 | ₹1,50,000 | ₹2,41,872 | ₹36,48,515 |
| 15 | ₹1,50,000 | ₹2,69,695 | ₹40,68,209 |
The Public Provident Fund is one of the most popular long term savings instruments in India. It is backed by the Government of India, offers tax free interest, and qualifies for deduction under section 80C up to ₹1.5 Lakh per financial year. The standard tenure is 15 years, extendable in blocks of 5 years.
Why PPF is special
PPF enjoys exempt, exempt, exempt status. The amount invested is deductible under section 80C, the interest earned every year is tax free, and the maturity proceeds are also tax free. Few other instruments offer this triple advantage.
The interest rate is notified by the government every quarter and is currently 7.1 percent. The rate is benchmarked to the 10 year government bond yield, so it can move up or down with market conditions.
How interest is calculated
Interest is computed on the lowest balance between the 5th and last day of every month, then credited at the end of the financial year. To squeeze out the most interest, deposit your contribution before the 5th of the month, ideally in a single lumpsum on or before 5 April each year.
Worked example
Investing ₹1.5 Lakh every year for 15 years at 7.1 percent grows to roughly ₹40.7 Lakh. Out of this, ₹22.5 Lakh is your own contribution and the rest, around ₹18.2 Lakh, is tax free interest.
Frequently asked questions
Premature closure is allowed only after 5 years and only for specified reasons such as serious medical illness, higher education, or change of residency. A small penalty applies on the interest rate.
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