PPF Calculator
Project your Public Provident Fund maturity value.
Annual Investment
Interest Rate (p.a)
Tenure
Maturity
₹27,12,139
Maturity Value
₹27,12,139
Total Invested
₹15,00,000
Total Interest Earned
₹12,12,139
India's PPF scheme caps annual contributions at ₹1,50,000, has a 15-year lock-in, and can be extended in blocks of 5 years. Interest is set quarterly by the government — 7.1% is a recent reference rate, not guaranteed.
How this calculator works
PPF compounds annually — each year's contribution and the running balance both earn interest at the government-declared rate, credited once a year. Because contributions, interest and maturity proceeds are all tax-exempt (the "EEE" status), the real return is often higher than the headline rate compared to a taxable investment at the same rate.
Worked example
Contributing the maximum ₹1.5 lakh a year for the full 15-year term at 7.1% grows to approximately ₹40.68 lakh at maturity — ₹22.5 lakh of your own contributions plus roughly ₹18.18 lakh in tax-free interest.
What "EEE" actually means
EEE stands for Exempt-Exempt-Exempt: your contribution is deductible under Section 80C (up to the ₹1.5 lakh annual limit), the interest earned each year is exempt from tax, and the final maturity amount is also fully tax-free on withdrawal. Very few investment options in India offer tax-free status at all three stages, which is a large part of PPF's appeal despite the long lock-in.
The 15-year lock-in, and what happens after
The account matures after 15 years, but doesn't have to be closed then — it can be extended in blocks of 5 years, either continuing to contribute or left to keep earning interest on the existing balance without further deposits. Partial withdrawals are allowed from the 7th year onward, subject to limits, but the account generally can't be closed early outside specific hardship cases (medical emergencies, higher education).
A note on the interest rate
The government revises the PPF rate quarterly, so a 15-year projection at today's rate is illustrative, not a guarantee of what you'll actually earn — real PPF returns over a full term are the result of whatever rate applied in each individual quarter along the way.
Frequently Asked Questions
What is PPF and what's its current interest rate?
The Public Provident Fund is a long-term, government-backed savings scheme in India with a 15-year lock-in and tax-free returns. The interest rate is set by the government and revised quarterly, so confirm the current rate before relying on a long-term projection.
Is PPF interest tax-free?
Yes — PPF falls under the EEE (Exempt-Exempt-Exempt) tax category in India, meaning the contribution, interest earned, and maturity amount are all exempt from tax, subject to the annual contribution limit.
What's the maximum I can invest in PPF per year?
The current annual limit is ₹1.5 lakh per financial year — this calculator lets you project maturity value based on whatever yearly contribution you enter, up to or below that limit.
What happens to my PPF account after 15 years?
It doesn't have to be closed — you can extend it in blocks of 5 years, either continuing to contribute or leaving the existing balance to keep earning interest without further deposits. Many people extend PPF well past the initial 15-year term for this reason.
Can I withdraw from PPF before 15 years?
Partial withdrawals are allowed from the 7th financial year onward, subject to limits based on your balance. Full early closure is generally restricted to specific hardship cases like medical emergencies or higher education expenses.
This tool provides general estimates for informational purposes only and isn't financial or tax advice. Consult a qualified financial advisor or tax professional before making financial decisions.