Maturity Amount
🇮🇳 India • Tax-free
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Private
PPF Calculator
Plan your Public Provident Fund investments with instant maturity estimates, interest breakdown, and a year-wise growth table — free, fast, and entirely in your browser.
📊 Year-wise breakdown
See opening balance, deposit, interest, and closing balance for every year.
🔒 100% private
Your financial inputs never leave your device — no server, no sign-up.
⚡ Live updates
Change amount, rate, or tenure and results update instantly.
Calculate your PPF maturity
Total Invested
₹0
Total Interest
₹0
Total invested
Interest earned
Year-wise breakdown
| Year | Opening | Deposit | Interest | Closing |
|---|---|---|---|---|
| Enter values to see year-wise breakdown. | ||||
PPF Calculator — plan tax-free long-term savings
Use PPF Calculator | ToolAdda to estimate how your annual Public Provident Fund deposits grow over 15 years or more. Adjust the interest rate, yearly investment, and tenure to compare scenarios before you invest.
How to use
- Enter your planned yearly PPF deposit (₹500 – ₹1,50,000).
- Set the current PPF interest rate and investment period.
- Review maturity amount, interest earned, and the year-wise table.
- Copy or share your result for financial planning.
Why use this tool?
- Instant live calculations — no Calculate button needed.
- Transparent year-by-year growth breakdown.
- Works offline after the page loads.
- Free with no account or data collection.
Frequently asked questions
What is the minimum and maximum PPF investment per year?
The minimum annual deposit is ₹500 and the maximum is ₹1.5 lakh per financial year as per current PPF rules.
What is the lock-in period for PPF?
PPF has a mandatory lock-in of 15 years. After that, you can extend the account in blocks of 5 years.
How is PPF interest calculated?
PPF interest is compounded annually. This calculator applies yearly compounding on your annual deposits to estimate maturity.
Is PPF interest tax-free?
Yes. PPF falls under the EEE category — deposits, interest, and maturity amount are tax-free under Section 80C subject to applicable limits.
Is this PPF calculator free and private?
Yes. ToolAdda's PPF Calculator is completely free and runs locally in your browser without sending your financial data to any server.
Can I calculate PPF for more than 15 years?
Yes. Set tenure up to 50 years to simulate extensions in 5-year blocks after the initial 15-year period.
How PPF actually works
The Public Provident Fund is a government-backed savings scheme with a 15-year lock-in. You can deposit between ₹500 and ₹1,50,000 a financial year, interest compounds annually, and at maturity the whole amount comes back to you.
Its defining feature is the tax treatment. PPF is one of the few EEE instruments in India — Exempt, Exempt, Exempt:
- Your deposit qualifies for deduction under Section 80C.
- The interest earned each year is not taxed.
- The maturity amount is not taxed.
That third point is what makes PPF hard to compare with other options. A fixed deposit paying a similar headline rate loses a slice of every year's interest to tax; PPF does not, so its effective return is meaningfully higher for anyone in a higher slab.
The 5th of the month rule
This is the detail that quietly costs people money. PPF interest for a month is calculated on the lowest balance between the 5th and the last day of that month.
Deposit on the 3rd and the money earns interest for that month. Deposit on the 6th and it earns nothing until the following month. Over fifteen years, consistently depositing after the 5th costs you close to a full month of interest every year.
The strongest version of the same rule: deposit the full year's amount before the 5th of April. The entire sum then earns interest for all twelve months of the financial year rather than accruing gradually.
The rate is not fixed for fifteen years
The calculator uses the current rate throughout, because there is no way to know future rates — but it is important to understand that the government reviews the PPF rate every quarter. It has moved between roughly 7% and 8% in recent years, and over a longer history it has been considerably higher.
So treat the maturity figure as a projection under one assumption, not a promise. The useful thing it tells you is the shape of the outcome — how much of your final balance is your own money and how much is compounding — which barely changes whether the rate is 7% or 8%.
Getting money out before fifteen years
Loan (years 3–6)
You can borrow against the balance, repayable with interest. Useful for a short gap without breaking the account.
Partial withdrawal (from year 7)
One withdrawal a year, capped as a share of the earlier balance.
Premature closure (from year 5)
Allowed only for specific reasons such as serious illness or higher education, with an interest penalty.
Extension (after year 15)
Extend in five-year blocks, with or without further deposits, and keep earning.
Rules and limits change, so confirm the current position with your bank or post office before planning around any of them.
Who PPF suits, and who it does not
PPF is well matched to long-horizon, low-risk money — retirement, a child's education fifteen years out, or the safe portion of a portfolio. The lock-in is a feature there, because it removes the temptation to dip in.
It is a poor fit for anything you might need sooner, or for money you want to grow aggressively. Equity has historically returned more over long periods, with volatility PPF does not have. Most people use PPF as the stable part of a plan rather than the whole of it.
This calculator produces estimates for planning. It is not financial advice — confirm current rules and rates with your bank, post office or a qualified adviser before acting.
Frequently asked questions
What is the PPF lock-in period?
Fifteen financial years from the year the account is opened. After that you can withdraw everything, or extend in blocks of five years with or without making further deposits.
How much can I deposit in PPF each year?
Between 500 and 1,50,000 rupees in a financial year. Deposits above the ceiling do not earn interest and do not qualify for deduction, so there is no benefit to exceeding it.
Why does the deposit date matter so much?
Because interest for a month is calculated on the lowest balance between the 5th and the last day of that month. Deposit on the 3rd and the money earns interest for that month; deposit on the 6th and it earns nothing until the next one.
When is the best time to deposit?
Before the 5th of April, in one lump sum for the year if you can. The whole amount then earns interest for all twelve months of the financial year instead of accruing gradually. If you deposit monthly, do it before the 5th every month.
Is PPF interest taxable?
No. PPF is one of the few EEE instruments in India: the deposit is deductible under Section 80C, the annual interest is untaxed, and the maturity amount is untaxed. That last point is why its effective return beats a fixed deposit at a similar headline rate.
Is the PPF interest rate fixed for fifteen years?
No. The government reviews it every quarter, and it has moved between roughly 7% and 8% in recent years. The calculator applies the current rate throughout because future rates are unknowable, so treat the maturity figure as a projection rather than a promise.
How is PPF interest calculated?
Monthly on the lowest balance between the 5th and the month end, but credited once a year at the end of the financial year. Because it is credited annually, the compounding is annual rather than monthly.
Can I withdraw money before fifteen years?
Partly. You can take a loan against the balance between years three and six, make one partial withdrawal a year from year seven, and close the account early from year five for specific reasons such as serious illness or higher education, with an interest penalty.
What happens after fifteen years?
You can withdraw the entire balance tax-free, or extend the account in five-year blocks. An extension can be with fresh deposits or without them — in both cases the balance keeps earning.
What if I miss a year's deposit?
The account becomes inactive. It can be revived by paying a small penalty for each missed year along with the minimum deposit for those years. An inactive account cannot be used for loans or withdrawals until it is revived.
Can I open more than one PPF account?
No. One account per person is the rule. You may open one on behalf of a minor child, but the combined deposit across your account and the minor's is still subject to the same annual ceiling.
Is PPF better than a fixed deposit?
For long-term money in a higher tax slab, usually yes, because FD interest is taxed every year and PPF interest is not. The trade-off is liquidity: an FD can be broken, while PPF locks your money for fifteen years.
Is PPF better than mutual funds?
They answer different questions. PPF is government-backed with a fixed, tax-free return; equity has historically returned more over long periods but with volatility PPF does not have. Most people use PPF as the stable part of a plan rather than the whole of it.
Is my data saved when I use this calculator?
Nothing is uploaded. The calculation runs in your browser, and any figures you enter stay on your device.
Is this financial advice?
No. It is an estimate for planning. Rules, limits and rates change, so confirm the current position with your bank, post office or a qualified adviser before making a decision.