PPF Calculator — India’s Safest Compounding Machine
Calculate your PPF maturity amount with year-by-year corpus growth. The only investment that is completely tax-free at investment, growth, and withdrawal.
| Year | Deposit | Interest Earned | Cumul. Invested | Closing Balance |
|---|---|---|---|---|
| Calculate above to see year-by-year growth | ||||
What is PPF and how does it work?
Public Provident Fund is a government-backed long-term savings scheme. You deposit up to Rs 1.5L per year, earn compound interest (currently 7.1% p.a., set quarterly by the government), and after 15 years get back the full amount completely tax-free. Interest compounds annually in PPF.
What is the current PPF interest rate?
The current PPF interest rate is 7.1% per annum, unchanged since April 2020. The rate is reviewed every quarter by the Ministry of Finance. Historically it ranged from 12% in the 1980s to a low of 7.1% today. Even at 7.1%, tax-free compounding makes it highly competitive.
What is EEE tax status in PPF?
EEE means Exempt-Exempt-Exempt: investment is deductible under Section 80C (up to Rs 1.5L), interest earned is fully tax-free, and maturity proceeds are completely tax-free. No other government scheme offers this triple exemption. For someone in the 30% tax bracket, effective PPF yield is significantly higher than the nominal rate.
Can I extend PPF beyond 15 years?
Yes. After the initial 15-year lock-in, you can extend in 5-year blocks indefinitely with or without fresh contributions. Extending without deposits earns interest on the existing corpus. Each extension significantly increases the final maturity amount due to the power of compounding.
What are the PPF withdrawal rules?
Partial withdrawals are allowed from year 7 onwards (up to 50% of the balance at the end of 4th year or the immediately preceding year, whichever is lower). Premature closure is allowed after 5 years for specific reasons like medical emergencies or higher education, with a 1% interest penalty.