PPF Calculator

The Public Provident Fund (PPF) is a government-backed long-term savings scheme designed to encourage retirement and goal-based saving among resident individuals. Accounts can be opened at authorised banks and post offices. Deposits qualify for deduction under Section 80C, and both interest and maturity proceeds are tax-free for eligible holders — often described as EEE (Exempt-Exempt-Exempt) status.

PPF is administered under the Public Provident Fund Scheme, 2019, with operational oversight from the National Savings Institute under the Department of Economic Affairs, Ministry of Finance.

Select deposit frequency (monthly, quarterly or yearly), enter the instalment within the ₹1.5 lakh yearly cap, choose tenure up to 15 years, and set the notified rate. Add current balance for mid-tenure projections and optional inflation to see purchasing-power-adjusted maturity. Review the growth chart and year-wise schedule for the path of invested amount versus corpus.

Avoid error-prone annuity maths when deposits and rates change. Test how much you need to deposit to approach a goal, estimate your annual 80C usage, and compare monthly vs yearly deposit timing. Inflation chips help separate nominal maturity from real purchasing power.

PPF interest is not set by individual banks. The Government of India notifies rates quarterly for PPF and other small savings schemes. Banks and post offices apply the notified rate for the relevant quarter.

Indicative rate as of 12 July 2026: 7.1% p.a. (Q1 FY 2026-27, Apr–Jun 2026; subject to quarterly revision). Use the rate field in the calculator above to model different scenarios if a new notification is published.

Choose monthly, quarterly or yearly deposits. Yearly mode assumes a lump-sum at the start of each financial year with annual compounding. Monthly and quarterly modes approximate the scheme's minimum-balance method (deposit before the 5th).

The standard formula for equal annual contributions is: F = P × [((1 + i)ⁿ − 1) / i] × (1 + i), where P is the annual deposit, i is the annual rate as a decimal, and n is the number of years.

Worked example: ₹1,50,000 deposited each year for 15 years at 7.1% p.a. gives an estimated maturity of ≈ ₹40,68,209 (total interest ≈ ₹18,18,209). Use the growth chart and year-wise schedule below the calculator for the path of invested amount vs corpus. Optional inflation chips show purchasing-power-adjusted maturity.

Contribution: Deposits up to ₹1.5 lakh per financial year count toward your Section 80C deduction limit (shared with ELSS, life insurance premium, home loan principal, etc.).

Interest: Credited to the account is not included in your taxable income while you remain eligible under the scheme.

Maturity: The amount received on withdrawal at maturity is tax-free for resident individuals, subject to current Income Tax Act provisions.

15-year lock-in with optional 5-year extensions; EEE tax treatment for eligible residents; government-notified rate (revised quarterly); partial withdrawal from year 7; loan facility in years 3–6; nomination; and transfer between authorised banks/post offices. There is no market risk on the principal — returns depend on notified rates.

The account matures after 15 complete financial years. Before maturity, partial withdrawals are allowed from the 7th year within limits linked to earlier balances. Loan facility is available between the 3rd and 6th years against a portion of your balance.

After 15 years you may close the account and withdraw fully, or extend in blocks of 5 years — with or without making fresh contributions — as per the account extension rules in the scheme notification.

Resident individuals may open one PPF account in their own name. Parents or guardians may open an account for a minor. Non-resident Indians (NRIs) cannot open new accounts; rules for accounts opened before NRI status apply per current government guidance.

Open at a designated bank branch or post office with PAN, identity and address proof, and photographs. Minimum deposit is ₹500 per financial year; maximum is ₹1.5 lakh. Missing the minimum in a year may attract penalties per scheme rules.

PPF is voluntary and self-directed. EPF applies mainly to salaried employees with mandatory employer participation. NPS is a market-linked pension scheme with its own withdrawal and tax rules. Compare lock-in, risk and tax treatment before choosing.

PPF suits long-term savers who want sovereign-backed returns with tax-free compounding — often parents saving for education, professionals building a retirement corpus alongside equity, or anyone maximising Section 80C with a safe instrument.

It may be less suitable if you need liquidity within five years or want potentially higher (but market-linked) returns without lock-in. Compare with an FD or RD for shorter horizons. This is educational content, not personal financial advice.