PPF Calculator
Public Provident Fund maturity, interest, loan eligibility and partial withdrawal — year by year.
Year-by-Year Growth
Wealth Milestones
Lock-In Period
PPF has a 15-year lock-in. Premature closure is only allowed after 5 years in specific cases (medical emergency, education). A 1% interest penalty applies.
Loan Against PPF
Available from Year 3 to Year 6. You can borrow up to 25% of the balance at the end of Year 2 (relative to when you apply). Interest: PPF rate + 2%.
Partial Withdrawal
Allowed from Year 7 onwards. You can withdraw up to 50% of the balance at the end of Year 4 (relative to application year). Only one withdrawal per year.
EEE Tax Status
PPF enjoys Exempt-Exempt-Exempt: deposits qualify for 80C (up to ₹1.5L), interest earned is tax-free, and maturity amount is completely exempt from income tax.
PPF — Frequently Asked Questions
What is the maximum deposit in PPF per year?
The maximum deposit in a PPF account is ₹1,50,000 per financial year (April to March). The minimum deposit is ₹500. Deposits beyond ₹1.5L earn no interest and are not eligible for 80C deduction.
When is PPF interest credited?
PPF interest is calculated monthly on the minimum balance between the 5th and the last day of each month. However, interest is credited to the account only at the end of each financial year (March 31). To maximise interest, deposit before the 5th of April each year.
Can I extend PPF after 15 years?
Yes. After the initial 15-year maturity, you can extend in 5-year blocks indefinitely. You must submit Form H before the maturity date. You can extend with or without contributions — without contributions still earns interest on the corpus.
Is PPF interest taxable?
No. PPF has EEE (Exempt-Exempt-Exempt) status. Deposits qualify for Section 80C deduction (up to ₹1.5L), all interest earned is tax-free, and the maturity amount is completely exempt from income tax and wealth tax.
What is the current PPF interest rate?
The current PPF interest rate is 7.1% per annum for Q1 FY 2025-26 (April–June 2025). The Government of India reviews and announces PPF rates quarterly. Historically, PPF rates have ranged from 7.1% to 12% since 1986.
What is PPF Calculator?
A Public Provident Fund (PPF) calculator is a financial planning tool designed to help Indian investors estimate the returns from their PPF accounts. The PPF is a government-backed long-term savings scheme in India with a lock-in period of 15 years, offering tax benefits under Section 80C of the Income Tax Act. The interest rate is set quarterly by the Government of India and is compounded annually, making manual calculation of maturity value complex over multi-year time horizons.
This calculator computes the maturity amount at the end of the 15-year tenure based on your annual contribution and the current applicable interest rate. It also shows the year-by-year balance buildup so you can see how compounding accelerates growth in the later years of the investment. Because PPF contributions can vary from year to year within the minimum (500 INR) and maximum (1.5 lakh INR) limits, the tool supports both fixed annual deposit mode and custom per-year entry for more accurate projections.
Beyond the basic maturity calculation, the tool covers two key mid-tenure features. Partial withdrawal is allowed from the 7th financial year onwards for up to 50% of the balance at the end of the 4th year or the preceding year, whichever is lower — the calculator shows the maximum eligible withdrawal amount at any point. Loan against PPF is available from the 3rd to the 6th year for up to 25% of the balance at the end of the 2nd preceding year, and the tool computes the loan eligibility for the selected year.
How to Use PPF Calculator
- Enter contribution details
Input your annual deposit amount, the current PPF interest rate, and your account opening year.
- Choose deposit mode
Select fixed annual deposit or custom year-by-year amounts for a more accurate projection.
- View maturity breakdown
See your total investment, interest earned, maturity value, and a year-by-year balance table.
- Check loan and withdrawal limits
Select any year to view the loan eligibility amount and maximum partial withdrawal allowed.
Key Benefits
See how your PPF balance grows each year, showing the power of long-term compound interest.
Instantly check how much you can borrow against your PPF from the 3rd to 6th year.
Find out the maximum tax-free partial withdrawal you are eligible for from year 7 onwards.
All calculations run in your browser — your financial inputs are never sent to a server.
Frequently Asked Questions
The PPF interest rate is reviewed quarterly by the Government of India. As of recent quarters it stands at 7.1% per annum, compounded annually. Always verify the current rate on the Ministry of Finance website.
PPF interest is calculated on the lowest balance between the 5th and last day of each month, and is credited to your account at the end of the financial year on 31 March.
Yes. After maturity you can extend in blocks of 5 years with or without fresh contributions. The calculator's maturity value is for the initial 15-year period.
The maximum contribution is 1,50,000 INR per financial year across all PPF accounts held by the individual. The minimum is 500 INR per year to keep the account active.