Free PPF calculator
Enter your yearly deposit, the current PPF rate and the tenure — and get the maturity value, the interest earned and the full year-by-year passbook, with the working shown.
A projection at today's rate, not financial advice. This tool projects your PPF maturity at today's rate held constant — it is not financial advice. The PPF rate is reviewed every quarter by the Ministry of Finance, so the real maturity moves if the rate moves. The projection assumes one deposit a year, made by 5 April so it earns interest for the full year.
Example figures are filled in. Replace them with your own numbers.
Year 1: 1,50,000 × 7.1 ÷ 100 = 10,650 interest; closing balance 1,60,650.
Maturity = 22,50,000 deposited + 18,18,208 interest = 40,68,208.
Each year's interest is rounded to the nearest rupee, as the government does, and added to the balance.
From year 7 you could withdraw up to ₹2,58,489 — 50% of the lower of the year-3 balance (₹5,16,978) and the year-6 balance (₹11,52,076).
The projection holds today's rate constant for the whole tenure. The government reviews the rate every quarter, so the real maturity moves if the rate moves.
Select Calculate to keep up to five checks while this page is open.
Your growth, year by year
Year-by-year growth of ₹1,50,000 a year at 7.1% over 15 years. Each deposit is assumed to be made by 5 April, so it earns interest for the full year.
| Year | Opening balance | Deposit | Interest | Closing balance |
|---|---|---|---|---|
| Year 1 | ₹0 | ₹1,50,000 | ₹10,650 | ₹1,60,650 |
| Year 2 | ₹1,60,650 | ₹1,50,000 | ₹22,056 | ₹3,32,706 |
| Year 3 | ₹3,32,706 | ₹1,50,000 | ₹34,272 | ₹5,16,978 |
| Year 4 | ₹5,16,978 | ₹1,50,000 | ₹47,355 | ₹7,14,333 |
| Year 5 | ₹7,14,333 | ₹1,50,000 | ₹61,368 | ₹9,25,701 |
| Year 6 | ₹9,25,701 | ₹1,50,000 | ₹76,375 | ₹11,52,076 |
| Year 7 | ₹11,52,076 | ₹1,50,000 | ₹92,447 | ₹13,94,523 |
| Year 8 | ₹13,94,523 | ₹1,50,000 | ₹1,09,661 | ₹16,54,184 |
| Year 9 | ₹16,54,184 | ₹1,50,000 | ₹1,28,097 | ₹19,32,281 |
| Year 10 | ₹19,32,281 | ₹1,50,000 | ₹1,47,842 | ₹22,30,123 |
| Year 11 | ₹22,30,123 | ₹1,50,000 | ₹1,68,989 | ₹25,49,112 |
| Year 12 | ₹25,49,112 | ₹1,50,000 | ₹1,91,637 | ₹28,90,749 |
| Year 13 | ₹28,90,749 | ₹1,50,000 | ₹2,15,893 | ₹32,56,642 |
| Year 14 | ₹32,56,642 | ₹1,50,000 | ₹2,41,872 | ₹36,48,514 |
| Year 15 | ₹36,48,514 | ₹1,50,000 | ₹2,69,694 | ₹40,68,208 |
Understand the result
The Public Provident Fund is a government-backed savings scheme with a 15-year lock-in: you deposit up to ₹1,50,000 a year, the balance earns interest that is reviewed every quarter — 7.1% a year since April 2020 — and the whole maturity amount is tax-free. This calculator works out what that adds up to: the maturity value, the total you deposit, the tax-free interest you earn, and the balance year by year, so you can see exactly how compounding builds the corpus — and what five more years are worth.
Fifteen years is a long time to leave money alone — and that is the point. The balance compounds for a decade and a half, and the interest in the later years is earned on a balance several times the yearly deposit. Extending in 5-year blocks adds even more.
PPF interest is worked out on the minimum balance between the 5th and the last day of each month. A deposit made by 5 April earns interest for the whole year; a deposit made on 10 April misses April's interest on that money — and that gap compounds for 15 years.
PPF is one of the few investments that is tax-free at every stage: the deposit is deductible under Section 80C (old regime), the interest each year is exempt, and the maturity amount is fully tax-free. The interest figure on this page is money you keep in full.
How it works
Enter the yearly deposit first — the rate and tenure are already filled in with the current figures — then read the maturity, the breakup and the year-by-year table.
How much you will put in each financial year — from ₹500 to ₹1,50,000, in multiples of ₹50. The maximum deposit gives the maximum maturity.
The rate is pre-filled at the current 7.1%. Pick 15 years, or 20, 25 or 30 years if you plan to extend in 5-year blocks after maturity.
The answer appears as you type — maturity value, total deposited and total interest — with the step-by-step working underneath so you can check every number.
Each row shows the opening balance, the deposit, the interest and the closing balance for that year, so you can see compounding build the corpus.
The calculation, explained
One deposit a year, made by 5 April, earns interest for the full year. Each year's interest is (opening balance + deposit) × rate ÷ 100, rounded to the nearest rupee, and added to the balance. Maturity = total deposited + total interest. The closed form is M = P × [((1 + r)^n − 1) ÷ r] × (1 + r), where P is the yearly deposit, r the rate and n the years.
Worked examples
One example for each everyday case. Select any example to load it into the calculator and check the working for yourself.
15 × ₹1,50,000 = ₹22,50,000 deposited; the interest adds ₹18,18,208, so the maturity is ₹40,68,208 — your money grows 1.81 times, all of it tax-free.
₹1,50,000 a year × 15 years @ 7.1% → ₹40,68,208 (interest ₹18,18,208)
15 × ₹1,00,000 = ₹15,00,000 deposited; the interest adds ₹12,12,139, so the maturity is ₹27,12,139. Two-thirds of the final amount is your own money, one-third is interest.
₹1,00,000 a year × 15 years @ 7.1% → ₹27,12,139 (interest ₹12,12,139)
20 × ₹1,50,000 = ₹30,00,000 deposited; the interest adds ₹36,58,287. Five extra years nearly double the interest — from ₹18,18,208 to ₹36,58,287 — because the bigger balance compounds.
₹1,50,000 a year × 20 years @ 7.1% → ₹66,58,287 (interest ₹36,58,287)
15 × ₹50,000 = ₹7,50,000 deposited; the interest adds ₹6,06,070, so the maturity is ₹13,56,070. Even a modest yearly deposit nearly doubles over the lock-in.
₹50,000 a year × 15 years @ 7.1% → ₹13,56,070 (interest ₹6,06,070)
PPF rules at a glance
The rules of the Public Provident Fund Scheme, 2019 (G.S.R. 915(E), 12 December 2019), with the rate from the Ministry of Finance's quarterly notification for 1 October to 31 December 2026.
| Figure | Rule | What it means |
|---|---|---|
| 7.1% | Interest rate, Oct–Dec 2026 | Set every quarter by the Ministry of Finance; unchanged since April 2020. Compounded annually. |
| ₹500 | Minimum deposit a year | Deposit at least this much every financial year, or the account becomes discontinued. |
| ₹1,50,000 | Maximum deposit a year | In multiples of ₹50. Anything above this earns no interest and gets no Section 80C deduction. |
| 15 years | Lock-in and maturity | Counted from the end of the financial year you open the account; then withdraw in full or extend. |
| 5-year blocks | Extension after maturity | Extend with or without further deposits, as many times as you like. |
| From year 7 | Partial withdrawal | Once a year, up to 50% of the lower of the balance at the end of the 4th preceding year or the preceding year. Tax-free. |
| Years 3–6 | Loan against the balance | Up to 25% of the balance at the end of the 2nd preceding year; repay within 36 months at 1% above the PPF rate. |
| EEE | Tax status | Deposit deductible under Section 80C (old regime only); interest and maturity fully tax-free. |
The rate is the only figure that moves — it is reviewed every quarter. The deposit limits, tenure and withdrawal rules are fixed by the scheme.
Common mistakes
The formula is short, but four readings trip people up. Each one can cost thousands over fifteen years.
Interest is calculated on the minimum balance between the 5th and the last day of the month. A deposit on 10 April misses April's interest on that money — and that gap compounds for 15 years.
Maturity is counted from the end of the financial year you open the account, so you may make a 16th deposit in the opening year. The standard 15-year figure assumes 15 deposits — the FAQ explains the difference.
The rate is reviewed every quarter and can change. This page projects at today's rate held constant; the real maturity moves if the rate moves. Try 8% or 6% in the rate box to see the difference.
Anything above the cap earns no interest and gets no Section 80C deduction. Put the extra into another instrument instead of letting it sit idle in the PPF account.
Your questions, answered
The Public Provident Fund is a government-backed, long-term savings scheme, introduced in 1968 and now governed by the Public Provident Fund Scheme, 2019. You deposit up to ₹1,50,000 a year, the balance earns interest set by the government, and after a 15-year lock-in you withdraw the whole amount tax-free. You can open an account at a post office or an authorised bank.
7.1% a year, compounded annually. The rate is set every quarter by the Ministry of Finance (Department of Economic Affairs) and has been unchanged since April 2020. The latest notification — Office Memorandum F.No.1/4/2019-NS, dated 30 September 2026 — keeps 7.1% for 1 October to 31 December 2026. The next review is due around 31 December 2026.
One deposit a year, made by 5 April, earns interest for the full year. Each year's interest is (opening balance + deposit) × rate ÷ 100, rounded to the nearest rupee, and added to the balance. Over 15 years at 7.1%, ₹1,50,000 a year becomes ₹40,68,208: ₹22,50,000 deposited plus ₹18,18,208 of interest. The closed form is M = P × [((1 + r)^n − 1) ÷ r] × (1 + r).
At least ₹500 a year to keep the account active, and at most ₹1,50,000 a year, in multiples of ₹50. The ₹1,50,000 cap covers your own account plus any account you hold as a guardian for a minor. Anything deposited above the cap earns no interest and gets no Section 80C deduction.
Yes — in blocks of 5 years each, as many times as you like, with or without making further deposits. To keep depositing after maturity, apply in Form 4 within one year of maturity. If you extend without deposits, the balance keeps earning interest and you may withdraw any amount once a year.
Partial withdrawals open from the 7th financial year: once a year, up to 50% of the lower of the balance at the end of the 4th year before the withdrawal year or the balance at the end of the preceding year — and the amount is tax-free. After 15 years you may withdraw the full maturity amount. Premature closure is allowed only in specific cases, such as serious illness or a child's higher education, after 5 years.
Yes, between the 3rd and 6th financial years: up to 25% of the balance at the end of the 2nd year immediately preceding the year you apply, repayable within 36 months, at 1% above the prevailing PPF rate. Only one loan a year, and no fresh loan until the earlier one is fully repaid. Once partial withdrawals open in year 7, the loan facility ends.
Yes — PPF has EEE status: Exempt-Exempt-Exempt. The deposit is deductible under Section 80C (up to ₹1,50,000 a year, under the old tax regime only), the interest earned each year is exempt, and the maturity amount is fully tax-free under Section 10(11) in both tax regimes.
No. Every calculation runs entirely on this page — nothing is sent to a server, nothing is stored, and reloading the page clears your recent checks.
This page uses the standard PPF formula: one deposit a year, made by 5 April so it earns interest for the full year; each year's interest is (opening balance + deposit) × rate ÷ 100, rounded to the nearest rupee, and added to the balance; maturity = total deposited + total interest. The closed form is M = P × [((1 + r)^n − 1) ÷ r] × (1 + r). The model assumes 15 yearly deposits for a 15-year tenure — the same convention as the standard PPF calculators. Because maturity is counted from the end of the financial year you open the account, you may be able to make a 16th deposit in the opening year; at the maximum deposit that would lift the 15-year maturity from ₹40,68,208 to ₹45,17,701.
Rate checked 11 November 2026: 7.1% a year for 1 October to 31 December 2026, per the Ministry of Finance (Department of Economic Affairs) Office Memorandum F.No.1/4/2019-NS, dated 30 September 2026, keeping small savings rates unchanged for the third quarter of FY 2026-27. The deposit limits, tenure, loan and withdrawal rules are from the Public Provident Fund Scheme, 2019 (G.S.R. 915(E), 12 December 2019). Cross-checked against the ranking PPF calculators: ₹1,50,000 a year for 15 years at 7.1% gives ₹40,68,208 on calcsolver.in, and ₹1,00,000 a year for 15 years gives ₹27,12,139 on onlycalculators.com. Spreading the same yearly deposit across monthly instalments earns less, because later instalments miss months of interest — this calculator models the yearly lump sum made by 5 April, and says so on the page.
Try different numbers — or run the same check with the related tools for your other plans.
