Public Provident Fund (PPF) Calculator
Calculate your PPF maturity amount with current interest rates
PPF Calculation Results
Key Information
Your PPF will mature in: 2044-45
Tax Benefit (Section 80C): ₹1.5 lakh deduction each year
| Year | Deposit | Interest | Balance | Financial Year |
|---|
Historical PPF Interest Rates
Below are the historical interest rates for PPF accounts:
| Period | Interest Rate |
|---|---|
| April 2024 – Present | 7.10% |
| April 2023 – March 2024 | 7.10% |
| April 2022 – March 2023 | 7.10% |
| April 2021 – March 2022 | 7.10% |
| April 2020 – March 2021 | 7.10% |
| July 2019 – March 2020 | 7.90% |
| October 2018 – June 2019 | 8.00% |
| April 2018 – September 2018 | 7.60% |
* Rates are announced quarterly by the Government of India.
PPF Account Features
1. What is PPF?
The Public Provident Fund (PPF) is a long-term savings scheme introduced by the Government of India. It offers attractive interest rates and returns that are fully exempt from Tax.
2. PPF Account Benefits
- Tax-free returns (EEE benefit)
- Guaranteed returns backed by government
- Loan facility available from 3rd to 6th year
- Partial withdrawal allowed after 7 years
- Can be extended indefinitely in 5-year blocks
3. Investment Limits
Minimum ₹500 and maximum ₹1.5 lakh per financial year. You can deposit in lump sum or in installments (maximum 12 per year).
4. How is PPF interest calculated?
Interest is compounded annually and credited at the end of the financial year. Interest is calculated on the lowest balance between 5th and last day of each month.
5. Tax Benefits
PPF offers Exempt-Exempt-Exempt (EEE) status:
– Investment eligible for deduction under Section 80C
– Interest earned is tax-free
– Maturity amount is completely tax-free
6. Premature Closure
PPF account can be closed prematurely only after 5 years in specific cases like medical emergency or higher education.
The Public Provident Fund (PPF) Calculator remains one of India’s most popular long-term savings instruments, offering tax-free returns with government backing. Our PPF Calculator helps you project your wealth growth while explaining how to optimize your PPF strategy.
Why PPF is a Must-Have in Your Portfolio
🔹 Tax-Free Triple Benefits (EEE status)
- Investment deductible under Section 80C
- Interest earned completely tax-free
- Maturity amount exempt from tax
🔹 Guaranteed Returns
Current rate: 7.1% (Q2 2024) – higher than most fixed deposits
🔹 Flexible Contributions
Invest between ₹500 to ₹1.5 lakh annually in lump sums or installments
How the PPF Calculator Works
Key Inputs That Affect Your Returns:
- Yearly Investment (₹500-₹1.5 lakh)
- Tenure (Minimum 15 years + 5-year extensions)
- Interest Rate (Government-revised quarterly)
- Extension Options (Continue earning post-maturity)
Example Scenario:
- ₹1.5 lakh/year for 15 years @7.1%
- Total Investment: ₹22.5 lakh
- Maturity Value: ₹40.68 lakh
- Tax Savings: ~₹4.5 lakh (30% bracket)
PPF Interest Calculation Explained
Unlike simple interest, PPF uses annual compounding:
A = P × (1 + r)^n
Where:
- A = Maturity amount
- P = Annual deposit
- r = Interest rate (7.1% = 0.071)
- n = Tenure in years
Pro Tip: Deposit before 5th April each year to earn interest for the full year
Historical PPF Rates (Last 10 Years)
| Period | Interest Rate |
|---|---|
| 2014-2016 | 8.7% |
| 2016-2017 | 8.1% |
| 2017-2020 | 7.6-8.0% |
| 2020-Present | 7.1% |
Note: Rates have declined but remain competitive post-tax
Advanced PPF Strategies
1. The Extension Game
After 15 years:
- Withdraw tax-free or extend in 5-year blocks
- Can make partial withdrawals (up to 60% of balance)
2. Partial Withdrawal Plan
After 7 years, withdraw up to:
50% of balance at end of 4th preceding year
Example: In Year 8, you can withdraw 50% of Year 4 balance
3. Loan Facility
Between 3rd-6th year:
- Borrow up to 25% of Year 2 balance
- Repay within 36 months @2% extra interest
PPF vs Alternative Investments
| Instrument | Return | Tax | Lock-in | Risk |
|---|---|---|---|---|
| PPF | 7.1% | EEE | 15Y | Low |
| FD | 6.5-7% | Taxed | 1-10Y | Low |
| NPS | 9-12% | EET | Till 60 | Medium |
| ELSS | 12-15% | EET | 3Y | High |
Best For: Conservative investors wanting capital protection with tax efficiency
Common PPF Mistakes to Avoid
❌ Missing Annual Deposit – Account becomes inactive if no deposit for a year
❌ Exceeding ₹1.5L Limit – Excess amount earns 0% interest
❌ Premature Closure – Allowed only in special cases after 5 years
❌ Ignoring Nomination – Ensure smooth transfer to heirs
Try the Interactive Calculator
- Adjust yearly deposit slider
- Compare 15 vs 20-year returns
- View year-by-year growth projection
- Print your personalized plan
Sample Projection:
- ₹50,000/year for 20 years
- Total: ₹10 lakh invested
- Maturity: ₹23.14 lakh
- Effective Annualized Return: 8.3% (tax-adjusted)
Have Questions About PPF?
Ask in comments! For complex scenarios, consult a financial advisor.
Disclaimer: Calculator projections are illustrative. Actual returns depend on future interest rate changes.
Related Calculator; Recurring Deposit Calculator SBI Interest Rate