PPF Calculator
Calculate the maturity of a Public Provident Fund account at the current 7.1 percent rate. Free PPF calculator with EEE tax benefits and 15 year lock in.
The Public Provident Fund, or PPF, is the most popular long term debt savings product in India. Backed by the Government of India, it offers a notified rate (currently 7.1 percent for FY 2025 to 2026 Q4), a 15 year lock in, and EEE tax status, which means contributions, interest and maturity are all tax exempt. The PPF calculator on this page projects the maturity value at any annual deposit and tenure.
PPF
Why use the PPF Calculator
PPF is one of the few Indian instruments that combines a sovereign guarantee, a tax free return and a meaningful long term horizon. The catch is the long lock in and the annual deposit cap of 1.5 lakh. The calculator helps you see what a steady annual contribution becomes over 15 years (the standard tenure) or beyond, when extended in 5 year blocks. Useful for sizing your PPF allocation alongside equity investments and EPF.
Benefits at a glance
Maturity at the notified rate
Uses the current PPF rate (7.1 percent for FY 2025 to 2026 Q4) with annual compounding. The output matches what your post office or bank passbook will show at maturity.
Tax free returns
PPF interest is fully tax free under EEE status. The maturity value the calculator shows is your actual take home, not a pre tax number.
Plan tenure extensions
After the initial 15 years, PPF can be extended in 5 year blocks, with or without further contributions. The calculator lets you model 20, 25 or 30 year horizons easily.
Useful for child accounts and HUF planning
PPF can be opened in the name of a minor by a parent. The 1.5 lakh cap applies across the parent's own account and the minor's, so the calculator output guides allocation for family planning.
How to use the PPF Calculator
- 1
Enter the annual deposit
Up to 1.5 lakh per financial year, in multiples of 100 rupees. The minimum deposit is 500 rupees per year. Many savers contribute the full 1.5 lakh in April to maximise the year's interest.
- 2
Set the tenure
The standard PPF lock in is 15 years. Use 15 for the base case, or 20 to 30 to model extensions in 5 year blocks (which require a Form H to the bank or post office before the existing block ends).
- 3
Adjust the interest rate
Default to the current notified rate of 7.1 percent. Historical PPF rates have ranged from 7 to 8.7 percent over the last decade, and the rate is reviewed quarterly by the Ministry of Finance.
- 4
Read the maturity
The maturity value is the corpus at the end of the chosen tenure. It is fully tax free and can be withdrawn in full at maturity or partially during the tenure subject to the partial withdrawal rules.
Frequently asked questions
What is the current PPF interest rate?
PPF rates are notified quarterly by the Ministry of Finance. For FY 2025 to 2026 Q4 the rate is 7.1 percent per annum, compounded annually and credited at the end of the financial year. The historical rate has ranged from 7 to 8.7 percent over the last decade. The calculator uses the current rate as the default.
Is PPF really tax free?
Yes. PPF carries EEE status. The annual deposit qualifies for Section 80C deduction (up to 1.5 lakh combined with other 80C investments under the old regime), the interest accrued each year is tax free, and the maturity amount is tax free. New regime taxpayers do not get the 80C deduction but interest and maturity remain tax free.
What is the lock in period for PPF?
Fifteen years from the end of the financial year in which the account is opened. Partial withdrawals are allowed from year 7 onwards, up to 50 percent of the balance at the end of the fourth preceding year or the immediately preceding year, whichever is lower. After 15 years the account can be extended in 5 year blocks.
How much can I deposit in PPF every year?
The minimum is 500 rupees per financial year, the maximum is 1.5 lakh per financial year, combined across all PPF accounts (your own plus any minor account where you are the guardian). Excess deposits are returned without interest. Deposits before the 5th of every month earn interest for that month, deposits later in the month earn interest only from the next month.
Should I invest in PPF or equity mutual funds?
Both, in different roles. PPF is the safe debt portion of your portfolio with sovereign backing, modest but tax free returns and a 15 year horizon. Equity mutual funds are the growth portion with higher long term returns and higher volatility. A typical balanced portfolio for a 30 year old might be 70 percent equity and 30 percent debt, with PPF making up most of the debt allocation.
Can I withdraw PPF before 15 years?
Partial withdrawal is allowed from year 7 under the rules above. Full premature closure is permitted only after 5 years and only for specific reasons, including serious illness of self or family, higher education of self or children, or change of residency status. Premature closure attracts a 1 percent interest penalty.
Can NRIs invest in PPF?
Existing PPF accounts opened when you were a resident continue to earn interest until maturity but cannot be extended after 15 years. New PPF accounts cannot be opened by NRIs.
Final word
PPF is a quietly powerful long term savings vehicle. The combination of sovereign safety, tax free interest and forced 15 year discipline makes it a useful anchor for the debt portion of any Indian portfolio. Use the calculator to size your annual contribution, plan extensions beyond the initial 15 years, and decide how PPF fits alongside equity, EPF and NPS in your overall asset mix.
Browse every RunwayCalc calculator