PPF Calculator

FREEFinance & Business

TOOLPPF Calculator

Annual InvestmentRs 50,000

Rs 500Rs 1,50,000

PPF interest rate: 7.1% p.a.(compounded annually) · Lock-in: 15 years · Max: Rs 1.5L/year

Total Deposited

7.50 L

Total Interest Earned

6.06 L

Maturity Amount (15 yr)

13.56 L

Year-wise Balance Growth

Yr 1: ₹53,550

Yr 2: 1.11 L

Yr 3: 1.72 L

Yr 4: 2.38 L

Yr 5: 3.09 L

Yr 6: 3.84 L

Yr 7: 4.65 L

Yr 8: 5.51 L

Yr 9: 6.44 L

Yr 10: 7.43 L

Yr 11: 8.50 L

Yr 12: 9.64 L

Yr 13: 10.86 L

Yr 14: 12.16 L

Yr 15: 13.56 L

Section 80C Tax Benefit

PPF investments qualify for tax deduction under Section 80C of the Income Tax Act, up to Rs 1,50,000 per financial year. PPF enjoys EEE (Exempt-Exempt-Exempt) status — your investment, interest earned, and maturity amount are all fully tax-free. At the highest tax slab (30%), investing Rs 50,000 annually saves you up to Rs 50,000 × 30% = Rs 15,000 in tax each year.

100% freeNo signupRuns in your browser

TL;DR

Free PPF calculator — projects Public Provident Fund maturity with annual compounding over the 15-year lock-in.
Shows year-wise balance, total invested, and interest earned.

Recommended Partners

📈

Groww

Open PPF account on Groww

🏦

BankBazaar

Compare PPF interest rates

About PPF Calculator

PPF (Public Provident Fund) is India's most popular tax-saving investment — offering guaranteed returns, government backing, and EEE (Exempt-Exempt-Exempt) tax status. At 7.1% compounded annually over 15 years, even a modest Rs 1 lakh per year deposit grows to approximately Rs 27 lakh. This calculator shows the complete year-by-year breakdown so you can see exactly how much your PPF account will be worth at maturity and what tax deduction you claim each year under Section 80C.

How It Works

PPF interest is computed annually using the formula: Interest = (Opening Balance + Deposits during the year) × 7.1%. The government announces the PPF rate quarterly, but for projection purposes this calculator uses the current declared rate (7.1% for Q1 FY 2026-27). The year-wise table shows: opening balance, annual deposit, interest earned for the year, and closing balance.

The compounding works on a yearly basis — interest earned in Year 1 is added to the principal, and Year 2's interest is computed on the higher balance. This annual compounding effect becomes powerful in later years (the compound interest in Year 15 alone can exceed the entire first few years combined).

Total deposits, total interest earned, and maturity amount are summarised separately. The 80C deduction shown is the annual deposit amount (capped at Rs 1.5 lakh if you enter more), which reduces taxable income under the Old Tax Regime.

Who Is This For

A 30-year-old salaried professional planning to open a PPF account and wanting to see exactly how much their annual Rs 1.5 lakh deposit will be worth at age 45.

A parent opening a minor child's PPF account to build a corpus for college education, using the 15-year maturity timeline.

An investor comparing PPF returns (7.1% tax-free) with a bank FD (7.5% taxable at 30%) to see which gives a better post-tax return.

A retirement planner calculating PPF maturity to determine how much of their retirement corpus will come from PPF versus NPS and equity.

Scope note: Uses Q1 FY 2026-27 PPF interest rate of 7.1% for all 15 years. Actual rate is reviewed quarterly — a rate change will alter the maturity amount. The calculator assumes constant annual deposits; variable deposits require year-by-year manual entries. PPF extension beyond 15 years (in 5-year blocks) is not modelled in the base calculator. For partial withdrawal projections after Year 7, consult the partial withdrawal rules.

Disclaimer: This calculator is for informational and educational purposes only and does not constitute financial, tax, or legal advice. Results are estimates based on publicly available tax slabs and formulas. Consult a qualified Chartered Accountant, tax professional, or financial advisor for guidance specific to your situation. Built and maintained by the WOWHOW Team with 14+ years of software development experience.

How to Use

Enter your planned annual PPF investment (Rs 500 to Rs 1.5 lakh)

View the 15-year year-wise breakdown instantly

See total deposits, interest earned, and maturity amount

Check Section 80C tax deduction eligibility

Frequently Asked Questions

The PPF interest rate for Q1 FY 2026-27 is 7.1% per annum, compounded annually. The rate is reviewed quarterly by the government.

PPF has a mandatory 15-year lock-in period. Partial withdrawals are allowed from the 7th financial year onwards.

Yes, PPF has EEE (Exempt-Exempt-Exempt) tax status. Investment qualifies for Section 80C deduction (up to Rs 1.5 lakh), interest earned is tax-free, and the maturity amount is fully tax-exempt.

No. A person can hold only one PPF account in their name (either at a post office or bank). Opening a second account is not permitted. However, you can open one PPF account for yourself and one for each of your minor children, and the deposits to minor accounts count toward your own Rs 1.5 lakh annual limit.

The minimum annual deposit is Rs 500. If you miss a year entirely, your account becomes dormant. A penalty of Rs 50 per inactive year must be paid along with the minimum Rs 500 deposit to reactivate the account. Interest continues to accrue even on dormant accounts, but you lose the 80C deduction for the missed year.

PPF interest is calculated monthly on the lowest balance between the 5th and last day of the month. This means deposits made on or before the 5th earn interest for that entire month. Deposits made after the 5th of a month earn interest only from the following month. Depositing before the 5th of April maximises the annual interest earned.