PPF Calculator
Calculate how much your Public Provident Fund investment will grow to at maturity. For example, investing ₹1,50,000 every year for 15 years at 7.1% grows to ₹40,68,209.
Maximum ₹1,50,000/year — deposits above this don't earn interest or qualify for Section 80C benefit.
PPF Projection (15 years @ 7.1% p.a.)
Maturity amount
How PPF Interest Is Calculated
PPF pays a government-declared interest rate, currently 7.1% per annum. Unlike EPF, which compounds monthly, PPF interest is calculated on your account's lowest balance between the 5th and the last day of each month, but it's only credited to your account once a year, at the end of the financial year. This is why depositing your full annual amount before April 5th — rather than spreading it across the year — maximizes the interest you earn.
PPF vs. EPF
PPF and EPF are often confused, but they work differently. EPF is tied to your employment — both you and your employer contribute, at a statutory 12% of basic salary. PPF is an entirely self-funded account that any resident Indian can open, with no employer involvement at all, and a fixed annual contribution ceiling of ₹1,50,000. If you want to invest beyond your mandatory EPF contribution while staying within the EPF framework, look at a Voluntary Provident Fund (VPF) contribution instead.
Frequently Asked Questions
What is the current PPF interest rate?
The PPF interest rate is 7.1% per annum, set by the government and reviewed quarterly. Unlike EPF, PPF interest compounds annually rather than monthly — it's calculated monthly on your lowest balance between the 5th and last day of each month, but only credited to your account once a year.
What is the maximum amount I can invest in PPF?
You can invest a minimum of ₹500 and a maximum of ₹1,50,000 per financial year. This limit applies across all your PPF accounts combined, including any minor accounts you manage. Deposits beyond this maximum don't earn interest and aren't eligible for Section 80C tax deduction.
What is the PPF lock-in period?
PPF has a 15-year lock-in period. After maturity, you can withdraw the full amount, or extend the account in blocks of 5 years, with or without making further contributions. Partial withdrawals are permitted from the 7th financial year onward.
Is PPF interest taxable?
No. PPF has EEE (Exempt-Exempt-Exempt) tax status: your contributions qualify for Section 80C deduction (under the old tax regime), the interest earned every year is completely tax-free, and the maturity amount is also tax-free.
Can I take a loan against my PPF account?
Yes, a loan against your PPF balance is available from the 3rd to the 6th year of account opening, without needing to pledge any other collateral.