💰 PPF Calculator
Calculate Public Provident Fund maturity value, total interest earned and year-wise growth. Current 7.1% rate — free, no signup.
Current PPF rate set by Government of India
🔒 PPF has a lock-in of 15 years. Extensions in 5-year blocks thereafter.
What is a PPF Calculator and How Does It Work?
A PPF calculator is a free online tool that estimates the maturity value of your Public Provident Fund account based on your yearly contribution, the current government-set interest rate, and your chosen tenure. PPF is one of India's oldest and most trusted savings schemes — government-backed, with tax-free contributions, tax-free interest, and a tax-free maturity payout under the EEE (Exempt-Exempt-Exempt) framework. This PPF calculator applies annual compound interest year by year, building a complete projection of your corpus growth. Unlike a spreadsheet, which requires manual calculations for every year, this tool gives you instant results — adjust any input and the maturity figure, interest earned, and year-wise breakdown all refresh immediately.
How to Use This PPF Calculator
Enter your yearly investment amount — the Government-set minimum is ₹500 and the annual ceiling is ₹1,50,000. The interest rate field is fixed at 7.1%, the official rate currently declared by the Government of India. Set your investment period between 15 and 50 years using the slider or type a value directly; PPF has a mandatory 15-year lock-in with optional 5-year extensions thereafter. Results update instantly on the right panel. The PPF calculator also updates the year-wise growth breakdown automatically — scroll down to switch between the growth chart and the detailed table view showing each year's opening balance, yearly contribution, interest earned, and closing balance.
PPF Interest Rate and Returns
The PPF interest rate is reviewed quarterly by the Government of India and is currently 7.1% per annum. Interest is calculated on the full year-end balance — meaning your new yearly deposit earns interest for the entire financial year, not just part of it. Enter any investment period into the PPF calculator to see how compounding amplifies returns over time. A yearly deposit of ₹1,50,000 at 7.1% over 15 years produces a maturity value of approximately ₹40.7 lakh from a total investment of just ₹22.5 lakh. Extend the tenure to 25 years and the same contribution grows to roughly ₹1.01 crore — more than four times the 15-year figure for only ten additional years of disciplined saving. Tax-free status makes the effective post-tax return considerably better than the headline rate implies.
PPF Calculator Formula
The PPF calculator uses year-end annual compounding applied to the full balance after each deposit:
Closing Balance = Opening Balance + Yearly Deposit + Interest
Because interest credits on the year-end balance, investing at the start of the financial year — April rather than March — ensures your deposit earns a full year of interest. This detail can add several thousand rupees to your final corpus over a 15-year or longer term.
PPF vs FD vs SIP — Which is Better?
Fixed Deposits offer capital safety and flexible short tenures, but FD interest is taxed as income, which reduces the effective yield significantly for higher-bracket taxpayers. Mutual fund SIPs can deliver 12–18% historical returns but carry market risk with no capital guarantee. PPF occupies a unique position: government-backed principal protection, a guaranteed 7.1% return, and a fully tax-free payout at maturity. The trade-off is the 15-year lock-in, which suits goals like retirement savings or a child's higher education. Use this PPF calculator alongside the SIP Calculator and FD Calculator on this site to compare projected numbers for all three instruments and make a fully informed investment decision.
Frequently Asked Questions
What is a PPF calculator?
A PPF calculator is a free online tool that estimates the maturity value of your Public Provident Fund account. Enter your yearly investment, and it applies 7.1% annual compound interest year by year to show your total invested amount, total interest earned, and the final maturity corpus.
How does this PPF calculator calculate returns?
This PPF calculator adds your yearly deposit and applies 7.1% interest on the full year-end balance (opening balance plus new deposit). Interest compounds annually. The year-wise table shows the opening balance, yearly contribution, interest earned, and closing balance for every year of your chosen tenure.
What is the current PPF interest rate?
The current PPF interest rate is 7.1% per annum, set by the Government of India and reviewed quarterly. Always verify the latest declared rate on the India Post or Ministry of Finance website before making investment decisions.
Can I extend PPF after 15 years?
Yes. After the mandatory 15-year lock-in you can extend your PPF account in blocks of 5 years — with or without further contributions. Extending with contributions lets you continue earning compound interest tax-free, which is typically the best choice for long-term wealth building. This calculator supports tenures up to 50 years to model those extended phases.
Is PPF interest tax-free?
Yes. PPF enjoys EEE (Exempt-Exempt-Exempt) tax status in India: contributions qualify for deduction under Section 80C (up to ₹1.5 lakh per year), interest earned each year is fully tax-free, and the maturity amount is completely exempt from income tax. This makes the effective post-tax return significantly higher than comparable taxable fixed-income instruments.
Is this PPF calculator free to use?
Yes. This PPF calculator is completely free with no account or signup required. All calculations run entirely in your browser — no data is sent to any server. You can use it as many times as you like on any device.