PPF Calculator - Calculate Public Provident Fund Returns
Calculate your Public Provident Fund (PPF) maturity value and interest. Plan your tax-saving investments with our free PPF calculator.
Yearly Investment
Interest Rate
Duration (Years)
Maturity Value
₹27,12,139
PPF Calculator – Public Provident Fund Maturity Estimator
A PPF Calculator is an online tool that helps you calculate the returns on your Public Provident Fund (PPF) account. It helps you determine the maturity value after the mandatory 15-year lock-in period.
The Public Provident Fund (PPF) is a government-backed savings scheme in India offering tax benefits and guaranteed returns. It is a favorite for long-term safe investing.
What is a PPF Calculator?
The PPF Calculator helps you track the growth of your account over the mandatory 15-year lock-in period and beyond.
It calculates the maturity amount and interest earned on your PPF account. It accounts for the compounding frequency (annually) as per scheme rules.
Current PPF rules allow a minimum investment of ₹500 and a maximum of ₹1.5 Lakh per financial year.
How does this PPF Calculator work?
The calculator uses the following formula:
A = P [({(1+i)^n} - 1) / i] × (1+i)
- A = Maturity Amount
- P = Annual Instalment
- n = Number of years
- i = Rate of interest
- The formula assumes investment at the beginning of the year to maximize returns (Annuity Due).
- Interest in PPF is calculated on the lowest balance between the 5th and the end of the month, but compounded annually.
How to use this PPF Calculator effectively
- Enter the amount you plan to invest yearly.
- The current interest rate is auto-filled (or you can adjust it).
- Set the duration (min 15 years).
- The tool shows the total interest earned and the tax-free maturity value.
Commonly asked questions
What is PPF?
Public Provident Fund (PPF) is a popular long-term investment scheme backed by the Government of India, offering safety with attractive interest rates and tax returns.
What is the current interest rate?
The interest rate is determined by the Central Government every quarter. Currently, it is around 7.1% p.a.
What is the lock-in period?
The lock-in period for a PPF account is 15 years.
Can I extend the tenure?
Yes, after the maturity of 15 years, you can extend the account in blocks of 5 years indefinitely.
What is the minimum and maximum investment?
The minimum annual investment is ₹500 and the maximum is ₹1.5 Lakh per financial year.
Is PPF tax-free?
Yes, PPF falls under the EEE (Exempt-Exempt-Exempt) category. The principal, interest earned, and maturity amount are all tax-free.
Can I withdraw money before 15 years?
Partial withdrawals are allowed from the 7th financial year onwards, subject to certain conditions and limits.
Can I take a loan against PPF?
Yes, you can avail a loan against your PPF balance between the 3rd and 6th financial year.
Can I open a joint account?
No, PPF accounts cannot be held jointly. However, you can open an account on behalf of a minor.
What happens if I miss a deposit?
The account becomes inactive. You can revive it by paying a penalty of ₹50 per year of default along with the minimum subscription of ₹500 for each year.
Can I open multiple PPF accounts?
No, an individual can open only one PPF account in their name.
Can NRIs invest in PPF?
NRIs cannot open a new PPF account. However, if they had an account before becoming an NRI, they can continue it until maturity.
Is nomination facility available?
Yes, nomination facility is available and it is advisable to appoint a nominee.
How is interest calculated?
Interest is calculated on the lowest balance between the 5th and the last day of the month.
When should I invest to get maximum interest?
To maximize interest, you should deposit the amount on or before the 5th of any month.
Can I transfer my PPF account?
Yes, you can transfer your PPF account from one bank/post office to another anywhere in India.
Is the interest compounded?
Yes, the interest is compounded annually.
Can a court attach my PPF account?
A PPF account cannot be attached by a court decree for the payment of any debt or liability.
What documents are required to open a PPF account?
The account opening form, ID proof, address proof, and photographs are required.
Can I close the account prematurely?
Premature closure is allowed after 5 financial years only for specific reasons like treatment of life-threatening diseases or higher education.