Calculate your Public Provident Fund maturity amount with yearly interest breakdown
| Year | Invested (₹) | Interest (₹) | Balance (₹) |
|---|
Tax Benefits: Investment up to ₹1.5 lakh qualifies for Section 80C deduction. Interest earned and maturity amount are completely tax-free (EEE status).
Lock-in Period: 15 years minimum. Can be extended in blocks of 5 years with or without fresh contributions.
Loan Facility: Loan against PPF balance available from 3rd to 6th financial year at 1% above PPF rate.
Where to Open: SBI, Post Office, HDFC Bank, ICICI Bank, Axis Bank, and all major nationalised banks.
Choose how much you want to invest each year. The minimum is ₹500 and maximum is ₹1,50,000 per financial year. You can invest in up to 12 instalments.
PPF has a minimum lock-in of 15 years. After maturity, you can extend in 5-year blocks. Longer tenure means significantly more wealth through compounding.
PPF interest is calculated on the minimum balance between 5th and last day of each month, and credited at the year end. Always invest before April 5th to earn interest for the full month of April.
The calculator shows your total maturity amount, interest earned, and a complete year-by-year table of your PPF growth.
PPF Maturity Formula: M = P × [((1+r)ⁿ − 1) / r] × (1+r)
Where: P = yearly investment | r = annual interest rate | n = number of years
Example: ₹1,50,000/year × 15 years @ 7.1% = Maturity ≈ ₹40.68 Lakh
The current PPF interest rate is 7.1% per annum, compounded annually. The rate is set by the Ministry of Finance and reviewed every quarter. It has remained at 7.1% since April 2020.
The minimum investment is ₹500 per financial year and maximum is ₹1,50,000. If you fail to invest the minimum in a year, your account becomes inactive and must be reactivated with a ₹50 penalty per inactive year.
Yes, PPF has EEE (Exempt-Exempt-Exempt) tax status. Investment up to ₹1.5 lakh is deductible under Section 80C, the annual interest earned is tax-free, and the final maturity amount is also completely tax-free — including for NRIs who held the account before becoming NRI.
Partial withdrawal is allowed from the 7th financial year — up to 50% of the balance at the end of the 4th year or the preceding year, whichever is lower. Full premature closure is allowed after 5 years for specific reasons like medical emergency or higher education.
Always invest before April 5th of the financial year to earn interest for the full month of April. PPF interest is calculated on the minimum balance between the 5th and last day of each month — so depositing after the 5th means you miss that month's interest calculation.