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Finance Calc Kit
Savings

PPF Calculator

Calculate your PPF maturity amount, total interest, and year-wise growth with extension options.

PPF investment details

₹

Maximum ₹1,50,000 per financial year

% p.a.

Government rate effective 1 April 2025

Maturity amount

₹40,68,209

After 15 years at 7.1%

Total invested

₹22,50,000

₹1,50,000 per year

Total interest earned

₹18,18,209

44.7% of maturity

Invested vs interest

Maturity composition

Maturity₹40,68,209
  • Total invested₹22,50,00055.3%
  • Interest earned₹18,18,20944.7%

Year-wise breakdown

Annual deposit, running balance, and cumulative interest.

Default interest rate of 7.1% reflects the government-notified PPF rate effective 1 April 2025. PPF interest compounds annually and is credited at the end of each financial year.
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Public Provident Fund (PPF) maturity and interest calculator

The Public Provident Fund is a long-term, government-backed savings scheme in India administered by the National Savings Institute. It offers tax-free returns under Section 80C, annual interest compounding, and a default 15-year lock-in period with extension options of 5 years each. This calculator projects maturity value, total interest, and year-wise balance growth based on your annual contribution and the notified interest rate.

For market-linked retirement planning, compare projections with our National Pension Scheme calculator. For fixed monthly deposits at post offices, see the post office monthly income scheme calculator.

How PPF yearly compounding works

PPF interest is calculated on the lowest balance between the 5th and last day of each month, but credited once at the end of the financial year (March 31). For annual projection purposes, each year's deposit is treated as made at the start of the year and compounded forward:

By=(By−1+P)×(1+r)B_y = (B_{y-1} + P) \times (1 + r)

Where B is the running balance, P is the yearly investment, r is the annual interest rate, and y is the year number. The government-notified rate of 7.1% p.a. effective 1 April 2025 is used as the default.

Depositing ₹1,50,000 per year for 15 years at 7.1% produces a maturity of approximately ₹40,68,209: ₹22,50,000 invested and about ₹18,18,209 in interest. Verify similar compounding logic with our compound interest calculator or one-time deposit growth with the lumpsum calculator.

Tenure, extensions, and contribution limits

Every PPF account has an initial maturity period of 15 years from the end of the financial year in which the account was opened. After maturity, you can extend the account in blocks of 5 years with or without making further contributions. This calculator supports 15, 20, 25, and 30-year horizons to model standard and extended tenures.

  • Minimum deposit: ₹500 per financial year to keep the account active.
  • Maximum deposit: ₹1,50,000 per financial year across all PPF accounts held by an individual.
  • Tax benefits: Contributions qualify for Section 80C deduction. Interest earned and maturity proceeds are exempt from income tax.

PPF vs other government savings schemes

PPF suits long-term wealth building with complete capital safety. The National Savings Certificate (NSC) and Senior Citizens Savings Scheme (SCSS) offer different tenures and rate structures. PPF stands out for its EEE tax status (exempt on contribution, accrual, and withdrawal) and 15-year discipline that discourages premature withdrawals except under specific conditions such as medical emergencies or higher education.

Frequently asked questions

What is the current PPF interest rate?
The government-notified PPF rate is 7.1% per annum, effective 1 April 2025. Rates are reviewed quarterly by the Ministry of Finance and notified through the National Savings Institute.
What is the maximum I can invest in PPF each year?
You can deposit a maximum of ₹1,50,000 per financial year across all your PPF accounts combined. The minimum annual deposit to keep the account active is ₹500.
Can I extend my PPF account after 15 years?
Yes. After the initial 15-year block matures, you can extend the account in 5-year increments. You may continue making deposits during extensions or let the balance compound without new contributions.
Is PPF interest taxable?
No. PPF enjoys EEE (exempt-exempt-exempt) status under Indian tax law. Contributions qualify for Section 80C deduction, interest is tax-free, and maturity proceeds are not taxed.
When is PPF interest credited?
Interest is calculated monthly on the lowest balance between the 5th and last day of each month, but credited to your account once at the end of the financial year on March 31.
Can I withdraw from PPF before maturity?
Partial withdrawals are allowed from the 7th financial year onward, up to 50% of the balance at the end of the 4th preceding year. Premature closure is permitted only under specific conditions such as serious illness or higher education.

Resources and references

The formulas and methods in this calculator were checked against these independent sources.