PPF Calculator
Public Provident Fund maturity in 15 years at the current 7.1% rate. Annual compounding, EEE tax-free — matches Post Office / SBI / HDFC PPF accounts.
Estimate. Assumes annual deposit at year-end and a constant interest rate throughout. Actual PPF rate is revised quarterly by the Ministry of Finance.
How PPF interest is calculated
PPF compounds interest annually. The balance grows as follows each year:
balance_t = balance_(t−1) × (1 + r) + P where P = annual contribution r = annual interest rate (e.g. 0.071 for 7.1%) t = year number (1 to 15)
Interest is calculated on the minimum balance between the 5th and the last day of each month. For maximum benefit, deposit before April 5th each year — this ensures your contribution earns interest for the entire month of April. Deposits after April 5th forfeit one month of interest for that year.
Frequently asked questions
What is the current PPF interest rate?▼
The current PPF interest rate is 7.1% per annum, set by the Ministry of Finance. It is revised quarterly. The rate has been stable at 7.1% since April 2020. Always check the government notification for the current quarter's rate before making deposit decisions.
Is PPF tax-free?▼
Yes — PPF enjoys EEE (Exempt-Exempt-Exempt) tax status. Contributions up to ₹1.5 lakh per year qualify for deduction under Section 80C. The interest earned is fully exempt from income tax. The maturity amount is also tax-free. This triple exemption makes PPF one of the most tax-efficient long-term savings instruments in India.
Can I withdraw from PPF before 15 years?▼
Partial withdrawals are allowed from the 7th year onwards (up to 50% of the balance at the end of the 4th year or the immediately preceding year, whichever is lower). Full premature closure is not permitted except in specific cases (serious illness, higher education) after 5 years. You can take a loan against your PPF balance from year 3 to year 6, up to 25% of the balance.
What happens to my PPF after 15 years?▼
On maturity (after 15 years), you can: (1) withdraw the entire corpus tax-free, (2) extend the account in 5-year blocks with further contributions — interest continues to compound at the prevailing rate, or (3) extend the account without further contributions (the balance keeps earning interest). Extensions can be taken multiple times in 5-year blocks by submitting Form H to the post office or bank.
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