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Public Provident Fund (PPF) Calculator
Calculate Maturity Value & Tax-Free Interest
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Max: ₹1,50,000 / Year
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Current Govt Rate: 7.1%
Note: PPF has a lock-in of 15 years. Extensions are in blocks of 5 years.
Returns
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Invested
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Invested Amount
₹0
Total Interest
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Maturity Value
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(100% Tax Free)
What is Public Provident Fund (PPF)?
PPF is a long-term, government-backed savings scheme in India that offers guaranteed returns with tax benefits. It is one of the most popular investment options for retirement planning due to its EEE (Exempt-Exempt-Exempt) tax status.
📌 Key Features
- Interest Rate: 7.1% per annum (compounded annually). Rates are revised quarterly by the Govt.
- Tenure: Mandatory 15-year lock-in period. Can be extended indefinitely in blocks of 5 years.
- Investment Limit: Minimum ₹500 and Maximum ₹1.5 Lakh per financial year.
- Risk Profile: Risk-free (Sovereign guarantee by Govt of India).
📊 PPF Maturity & Tax Rules
| Parameter | Rule |
|---|---|
| Tax Benefit (Entry) | Deduction u/s 80C (up to ₹1.5L) |
| Tax on Interest | Fully Tax-Free |
| Tax on Maturity | Fully Tax-Free |
| Partial Withdrawal | Allowed from 7th Financial Year |
| Loan Facility | Available between 3rd and 6th Financial Year |
❓ Frequently Asked Questions
What is the current PPF Interest Rate?
As of early 2025, the PPF interest rate is 7.1% per annum. The interest is calculated on the lowest balance between the 5th and the end of the month, but it is credited to your account only once a year (on March 31st).
Can I invest more than ₹1.5 Lakh in PPF?
No. The maximum limit for deposit in a PPF account is ₹1.5 Lakh per financial year. Any amount deposited above this limit will not earn any interest and will be refunded to you without interest.
Can I withdraw money before 15 years?
Partial withdrawals are allowed from the 7th financial year onwards. You can withdraw up to 50% of the balance at the end of the 4th preceding year or the immediately preceding year, whichever is lower. Full withdrawal is allowed only on maturity (15 years).
How does the extension work?
After 15 years, you can extend your PPF account in blocks of 5 years. You can choose to extend “With Contribution” (to continue depositing money) or “Without Contribution” (to just earn interest on the existing balance).
Is PPF better than FD?
For tax purposes, yes. PPF interest is tax-free, whereas FD interest is fully taxable. However, PPF has a 15-year lock-in, while FDs offer higher liquidity. If your goal is long-term retirement savings, PPF is generally superior.