PPF Calculator
Estimate your Public Provident Fund maturity value for yearly deposits over 15 years or more.
How PPF works
The Public Provident Fund is a government-backed savings scheme with a 15-year lock-in, extendable in blocks of 5 years. You can deposit up to ₹1.5 lakh in a financial year. The interest rate is set by the government every quarter, and interest is compounded annually.
This calculator assumes one deposit at the start of each year (deposit before the 5th of April maximises interest) and a constant rate: Balance = (Balance + Deposit) × (1 + r) each year.
Example
Depositing ₹1.5 lakh a year for 15 years at 7.1% gives about ₹40.7 lakh, of which ₹22.5 lakh is your own money.
Tax treatment
Under the old tax regime, deposits qualify for Section 80C, and PPF interest and maturity proceeds are exempt from tax. The 80C deduction applies only under the old regime, so compare both regimes in our income tax calculator.
Check the current rate on the India Post or your bank's website; the 7.1% default is the rate announced for recent quarters and may change.
Frequently asked questions
Is PPF interest taxable?
No. Interest and maturity proceeds are exempt under current rules.
Can I withdraw before 15 years?
Partial withdrawals are allowed from the 7th financial year, subject to limits. Premature closure is allowed only in specific cases.
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Last reviewed: October 2026. Results are estimates, not financial advice.