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Calculate your Public Provident Fund (PPF) maturity amount, total interest earned, and see how your investment grows tax-free over 15+ years.
PPF has a 15-year lock-in, extendable in blocks of 5 years.
| Year | Invested | Interest | Total Balance |
|---|---|---|---|
| Year 1 | ₹1,50,000 | +₹10,650 | ₹1,60,650 |
| Year 2 | ₹3,00,000 | +₹32,706 | ₹3,32,706 |
| Year 3 | ₹4,50,000 | +₹66,978 | ₹5,16,978 |
| Year 4 | ₹6,00,000 | +₹1,14,334 | ₹7,14,334 |
| Year 5 | ₹7,50,000 | +₹1,75,701 | ₹9,25,701 |
| Year 6 | ₹9,00,000 | +₹2,52,076 | ₹11,52,076 |
| Year 7 | ₹10,50,000 | +₹3,44,524 | ₹13,94,524 |
| Year 8 | ₹12,00,000 | +₹4,54,185 | ₹16,54,185 |
| Year 9 | ₹13,50,000 | +₹5,82,282 | ₹19,32,282 |
| Year 10 | ₹15,00,000 | +₹7,30,124 | ₹22,30,124 |
| Year 11 | ₹16,50,000 | +₹8,99,113 | ₹25,49,113 |
| Year 12 | ₹18,00,000 | +₹10,90,750 | ₹28,90,750 |
| Year 13 | ₹19,50,000 | +₹13,06,643 | ₹32,56,643 |
| Year 14 | ₹21,00,000 | +₹15,48,515 | ₹36,48,515 |
| Year 15 | ₹22,50,000 | +₹18,18,209 | ₹40,68,209 |
The Public Provident Fund (PPF) is a popular long-term investment scheme backed by the Government of India. It offers safety with attractive interest rates and returns that are fully exempted from tax.
PPF falls under the Exempt-Exempt-Exempt (EEE) category:
Exempt: Deposits up to ₹1.5 Lakh/year are deductible under Section 80C. Exempt: The interest earned every year is tax-free. Exempt: The final maturity amount is completely tax-free.
Minimum Investment: ₹500 per financial year.
Maximum Investment: ₹1,50,000 per financial year.
Lock-in Period: 15 years. Can be extended in blocks of 5 years indefinitely.
Interest Calculation: Calculated monthly on the lowest balance between the 5th and the end of the month, but credited annually at the end of the financial year.
The current PPF interest rate is 7.1% per annum, compounded annually. The Ministry of Finance reviews and announces the rate every quarter.
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.
The maximum amount you can invest in a PPF account is ₹1,50,000 per financial year. Any amount invested above this limit will not earn interest or be eligible for tax deductions.
After the 15-year maturity period, you have three options: 1) Withdraw the entire amount and close the account. 2) Extend the account for a block of 5 years without making further contributions (it will continue to earn interest). 3) Extend the account for a block of 5 years with fresh contributions.
No, PPF falls under the Exempt-Exempt-Exempt (EEE) tax category. The principal invested, the interest earned, and the maturity amount are all completely tax-free.