PPF Calculator: Public Provident Fund Maturity & Tax Savings Planner
🏦 Govt. Savings Scheme Calculator
PPF Calculator
Public Provident Fund Maturity & Tax Savings
Calculate your PPF maturity amount, total interest earned, Section 80C tax benefits with dynamic tax slabs, extension options up to 50 years, and passbook-style schedule.
📊15-Year+ Maturity
💰Tax-Free EEE Returns
📈Section 80C
PPF Calculator
Annual Contribution • Rate • Tenure
₹500₹1.5L (Max Limit)
1%12%
💡 Current PPF Rate: 7.1% (Govt. notified quarterly)
1 yr50 yrs (Extended Blocks)
🏦
Enter your PPF details and click
Calculate PPF to see results
💰 Total PPF Maturity
₹0
At 15 years maturity
Total Investment₹0
Total Interest Earned₹0
Maturity Amount₹0
Effective Return (CAGR)0%
💰 Tax Benefits Under Section 80C
Annual Eligible Contribution
₹0
Annual Tax Saved (Based on Slab)
₹0
EEEE Tax Status
Exempt-Exempt-Exempt ✓
Your Investment
₹0
Interest Earned
₹0
📊 Year-wise PPF Growth
💡 Pro Tip: To maximize your interest earnings every financial year, deposit your PPF contribution before the 5th of April. Interest is calculated on the lowest balance between the 5th and the end of each month!
🧮 Explore More Savings & Investment Calculators
What is Public Provident Fund (PPF)?
The Public Provident Fund (PPF) is a government-backed, long-term savings scheme introduced by the National Savings Institute in 1968. It is one of the most popular investment instruments in India due to its triple tax-free (EEE) status, sovereign guarantee, and attractive interest rates (currently 7.1% p.a., revised quarterly). The scheme has a mandatory lock-in period of 15 years, after which the account can be extended in blocks of 5 years.
How to Use This PPF Calculator
1
Enter Annual Contribution
Set your yearly PPF deposit (min ₹500, max ₹1.5L)
2
Choose Interest Rate
Current PPF rate is 7.1% (Govt. notified)
3
Select Tenure
15-year lock-in period (extendable up to 50 years)
4
Get Results
See maturity, interest, tax savings, and passbook statement
PPF Interest Rate History
| Period | Interest Rate | Change |
|---|---|---|
| Jul-Sep 2024 | 7.1% | Unchanged |
| Apr-Jun 2024 | 7.1% | Unchanged |
| Jan-Mar 2024 | 7.1% | Unchanged |
| Oct-Dec 2023 | 7.1% | Unchanged |
| Jul-Sep 2023 | 7.1% | Unchanged |
PPF vs Other Fixed Income Options
| Feature | PPF | Bank FD | NSC | SCSS |
|---|---|---|---|---|
| Interest Rate | 7.1% (Current) | 6.5-7.5% | 7.7% | 8.2% |
| Lock-in Period | 15 Years | 1-10 Years | 5 Years | 5 Years |
| Tax Status | EEE (Exempt-Exempt-Exempt) | Taxable | 80C + Taxable Interest | 80C + Taxable Interest |
| Max Investment | ₹1.5 Lakh/Year | No Limit | No Limit | ₹30 Lakh |
| Eligibility | Indian Residents | Everyone | Indian Residents | Senior Citizens |
Top 5 Benefits of Investing in PPF
- Triple Tax-Free (EEE): Investment is tax-deductible under Section 80C, interest accrual is tax-free, and maturity proceeds are completely tax-exempt.
- Sovereign Guarantee: The government of India guarantees the principal and interest, making it one of the safest investments.
- Compounding Power: With yearly compounding and 15-year lock-in, the power of compounding works wonders.
- Easy Accessibility: You can open a PPF account with any post office or designated bank (SBI, PNB, etc.) with just ₹500.
- Loan & Withdrawal Facility: You can take a loan against your PPF balance from the 3rd to 6th year, and partial withdrawals are allowed after 5 years.
Frequently Asked Questions
What is the current PPF interest rate?
The current PPF interest rate is 7.1% per annum (effective July-September 2024). The rate is set by the Government of India every quarter.
Can I extend my PPF account after 15 years?
After the initial 15-year lock-in period, you can extend your PPF account in blocks of 5 years up to 50 years with or without further contributions. The interest continues to accumulate tax-free.
Is PPF maturity amount taxable?
No. PPF enjoys EEE (Exempt-Exempt-Exempt) tax status. The maturity amount is completely tax-free under Section 10(11) of the Income Tax Act.
Can I withdraw from PPF before 15 years?
Partial withdrawal is allowed after 5 years from the date of account opening. You can withdraw up to 50% of the balance at the end of the 4th preceding year. Complete withdrawal is only allowed after 15 years.
Can I take a loan against my PPF account?
Yes, you can avail a loan against your PPF balance between the 3rd and 6th financial year. The loan amount is capped at 25% of the balance at the end of the 2nd preceding year.
What is the maximum investment in PPF per year?
The maximum investment in a PPF account is ₹1.5 Lakh per financial year. The minimum investment required to keep the account active is ₹500 per year.
PPF interest rates are subject to change by the Government of India on a quarterly basis. This calculator uses the current rate of 7.1% for illustration purposes. Always check the latest rate with your bank or post office before making investment decisions. Tax benefits are as per current Income Tax laws — consult your CA for personalized advice.