PPF Calculator
Calculate your Public Provident Fund maturity amount with year-by-year breakdown. PPF returns are completely tax-free under EEE status.
Current PPF Rate: 7.1% per annum (compounded annually) · Section 80C: up to ₹1.5 lakh/year deduction
Min ₹500 · Max ₹1,50,000
Min 15 years
Why PPF Is One of the Best Investments in India
Public Provident Fund (PPF) is a government-backed long-term savings scheme that offers guaranteed tax-free returns, making it one of the safest investments available in India. With the current rate of 7.1% compounded annually, the wealth created over 15–30 years is substantial thanks to the power of compounding. PPF enjoys EEE (Exempt-Exempt-Exempt) tax status — contributions are deductible under Section 80C, interest earned is tax-free, and the maturity amount is completely tax-free. Our PPF calculator shows year-by-year growth and helps you plan your retirement corpus.
Frequently Asked Questions
What is the current PPF interest rate in 2024? ▼
The PPF interest rate for Q1 FY 2024-25 is 7.1% per annum, compounded annually. The rate is set by the Government of India quarterly. The highest it has been is 12% (in 1986-87) and the lowest 7.1% (current).
How much will ₹1.5 lakh per year in PPF become in 15 years? ▼
Investing ₹1.5 lakh/year (maximum allowed) at 7.1% compounded annually for 15 years gives a maturity amount of approximately ₹40.7 lakhs. Total investment: ₹22.5 lakhs. Interest earned: ₹18.2 lakhs — completely tax-free.
Can I invest more than ₹1.5 lakh in PPF per year? ▼
No. The maximum deposit in a PPF account is ₹1.5 lakh per financial year (April–March). The minimum is ₹500/year. Deposits above ₹1.5 lakh do not earn interest and are returned without deduction.
When is the best time to invest in PPF each year? ▼
The best time is before the 5th of April (first day of the financial year). PPF interest is calculated on the minimum balance between the 5th and the last day of each month — depositing before the 5th of April earns interest for all 12 months.
Is PPF better than FD or mutual funds? ▼
PPF is better for risk-free, guaranteed, tax-free returns with Section 80C benefits. FDs offer similar safety but interest is taxable. Mutual funds can give higher returns (10–15%) but carry market risk. PPF is ideal as the debt component of a balanced portfolio.
Can I extend PPF account after 15 years? ▼
Yes. After 15 years you can extend in 5-year blocks with or without further deposits. With deposits you continue to earn interest on the full corpus. This is a powerful wealth-building strategy.