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PPF Calculator (Public Provident Fund)

Calculate your PPF maturity amount. Visualize the massive power of compounding over 15 to 50 years with tax-free guaranteed returns.

Investment Details

Max ₹1.5L/Yr
Blocks of 5
Yr
Current: 7.1%
%
⚠️ Note: The maximum allowable deposit in a PPF account is ₹1,50,000 per financial year. Monthly deposits assume contributions are made before the 5th of every month for maximum interest benefits.

Year-by-Year PPF Schedule

Year Opening Balance (₹) Amount Deposited (₹) Interest Earned (₹) Closing Balance (₹)

The Ultimate Guide to Public Provident Fund (PPF)

Explore one of India's safest and most powerful retirement savings schemes. Understand EEE tax benefits, compounding mathematics, and the 15-year lock-in rules to secure your financial future.

What is the Public Provident Fund (PPF)?

Introduced in 1968 by the National Savings Institute of the Ministry of Finance, the Public Provident Fund (PPF) is a long-term, sovereign-backed savings scheme aimed at mobilizing small savings by offering an investment with reasonable returns combined with income tax benefits.

Because the Central Government of India explicitly guarantees the principal and the interest earned, it carries practically zero risk of default. It has become the cornerstone of fixed-income portfolios for millions of Indians looking to build a guaranteed, tax-free retirement corpus outside of the volatile stock market.

The Power of EEE Tax Status

The most attractive feature of the PPF is its Exempt-Exempt-Exempt (EEE) tax classification. It is one of the very few financial instruments in the country that enjoys this supreme tax-free status.

  • Exempt (Investment): The amount you deposit into your PPF account each year is fully tax-deductible under Section 80C of the Income Tax Act, up to a maximum limit of ₹1,50,000.
  • Exempt (Interest): The compound interest generated by your PPF account every year is completely exempt from income tax. You do not need to pay any tax on the yearly accruals.
  • Exempt (Maturity): When the account matures after 15 years (or subsequent 5-year extensions), the entire accumulated corpus (Principal + Interest) that you withdraw is 100% tax-free.

This makes PPF vastly superior to Bank Fixed Deposits (FDs), where the interest earned is fully taxable according to your income tax slab, severely degrading your actual 'take-home' yield.

How is PPF Interest Calculated? (The 5th of the Month Rule)

While the PPF calculator above simplifies the annual projection, the actual underlying mathematics utilized by banks and post offices is highly specific. The interest is calculated monthly but is compounded and credited annually at the end of the financial year (March 31st).

The 5th of the Month Rule:

Interest is calculated on the lowest balance in your account between the close of the 5th day and the end of the month. Therefore, if you are making monthly contributions, you must ensure the money is deposited on or before the 5th of that month. If you deposit on the 6th, you will lose the interest on that deposit for that entire month.

For maximum returns, financial planners advise depositing the entire ₹1,50,000 maximum limit as a lumpsum between April 1st and April 5th every financial year. This ensures the maximum amount of money earns interest for the maximum number of months.

How To Use the SJ480 PPF Calculator

  1. Select Investment Frequency: Choose whether you plan to deposit money once a year (Yearly) or break it down into monthly installments (Monthly).
  2. Enter the Deposit Amount: Input your desired contribution. The calculator caps the input to reflect the legal maximum (₹1,50,000 per year, or ₹12,500 per month).
  3. Set the Time Period: The default maturity of a PPF account is 15 years. You can extend this in blocks of 5 years (20, 25, 30, etc.). Use the slider to see how long-term compounding explodes your wealth in later years.
  4. Review the Corpus Composition: Look at the visual chart. Over a 15-year period, interest forms a large chunk of the corpus. If you extend to 25 or 30 years, you will see that the tax-free interest generated vastly exceeds the actual money you deposited out of your pocket.
  5. Export the Schedule: Scroll down to the year-by-year table to see the exact trajectory of your account balance, and use the export buttons to save the projection for your offline financial planning.

Comprehensive FAQ Assessment Matrix (26 Advanced Questions)

1. What is a PPF account?

The Public Provident Fund (PPF) is a sovereign-backed long-term savings scheme offered by the Government of India, providing secure, tax-free returns to help individuals build a retirement corpus.

2. What is the current PPF interest rate?

The interest rate is reviewed and announced quarterly by the Ministry of Finance. It is currently set at 7.1% per annum (compounded annually).

3. What is the lock-in period for PPF?

A PPF account has a strict statutory lock-in period of 15 full financial years. The 15 years are calculated from the end of the financial year in which the initial deposit was made.

4. What is the maximum investment limit in PPF?

The maximum amount you can deposit into a PPF account in a single financial year (April 1 to March 31) is strictly capped at ₹1,50,000.

5. What is the minimum investment limit?

To keep the account active, a minimum deposit of ₹500 per financial year is mandatory. Failure to deposit this triggers a dormant account status.

6. Can I withdraw money before 15 years?

Yes, partial withdrawals are permitted from the 7th financial year onwards. You can withdraw up to 50% of the balance present at the end of the 4th preceding year or the preceding year, whichever is lower.

7. What are the tax benefits of PPF?

PPF belongs to the exclusive EEE (Exempt-Exempt-Exempt) category. Deposits up to ₹1.5L are deductible under 80C. Accrued interest is tax-free. The maturity withdrawal is 100% tax-free.

8. Can I close the account prematurely?

Premature closure is allowed only after completing 5 financial years, and only under strict conditions (life-threatening disease, higher education). A 1% interest penalty is applied retroactively.

9. What are the extension rules after 15 years?

Upon maturity, you can extend the account in blocks of 5 years indefinitely. You can choose to extend 'with deposits' or 'without deposits'. You must notify the bank within 1 year of maturity.

10. Can I take a loan against my PPF?

Yes, loans are available between the 3rd and 6th financial year. You can borrow up to 25% of the balance at the end of the 2nd preceding year. Interest charged is 1% higher than the PPF rate.

11. Can NRIs open a PPF account?

No. Non-Resident Indians (NRIs) cannot open a new PPF account. However, if a resident Indian opens an account and subsequently becomes an NRI, they can continue the account until maturity on a non-repatriation basis.

12. Can a Hindu Undivided Family (HUF) open a PPF?

No. Since 2005, HUFs are not permitted to open new PPF accounts. It is strictly an individual capacity savings scheme.

13. Are joint PPF accounts allowed?

No. Joint accounts are not permitted. A single individual can open only one PPF account under their name in the country.

14. Can I open a PPF account for my minor child?

Yes, a parent/guardian can open a minor PPF account. However, the combined maximum deposit limit of ₹1,50,000 applies across both the parent's and the minor's accounts combined.

15. How exactly is PPF interest calculated?

It is calculated monthly on the minimum balance between the close of the 5th day and the last day of the month, but it is credited to the account only once a year on March 31st.

16. What is the best date to invest in PPF?

For maximum yield, invest a lumpsum of ₹1,50,000 between April 1st and April 5th. If doing monthly deposits, ensure the funds credit before the 5th of every month.

17. What happens if I miss the ₹500 minimum yearly deposit?

The account becomes 'discontinued'. It will continue to earn interest, but you cannot take loans or make partial withdrawals until you revive it.

18. What is the penalty for reviving a discontinued account?

To revive the account, you must pay the minimum ₹500 for each missed year, plus a penalty fee of ₹50 for every year defaulted.

19. Can I transfer my PPF account?

Yes, PPF accounts are highly portable. You can transfer them seamlessly from a Post Office to a Bank, or from one Bank branch to another without losing interest.

20. Can courts attach my PPF balance?

No. A highly unique feature of the PPF is that the balance cannot be attached by any court decree to pay off debts or liabilities, offering ultimate asset protection.

21. How many installments can I make in a year?

Previously capped at 12, the rules were amended in 2019. Now, you can make deposits in multiples of ₹50 in any number of installments, up to the 1.5L max limit.

22. What happens if I extend the account 'without' new contributions?

If you don't submit an extension form within 1 year of maturity, the account automatically extends without contributions. It continues to earn tax-free interest, and you can make one withdrawal per year.

23. What happens if I extend 'with' contributions?

You must submit Form H within 1 year of maturity. You continue depositing up to ₹1.5L yearly, get 80C benefits, and can withdraw up to 60% of the balance held at the start of the extended period.

24. Is the final maturity amount really completely tax-free?

Yes. Unlike EPF (which can be taxable under certain excess conditions), the final PPF maturity corpus is 100% exempt from Income Tax in India.

25. Is PPF affected by stock market crashes?

No. PPF is entirely insulated from market volatility. It is a sovereign-backed instrument, meaning the Government of India assumes the liability for your returns.

26. How accurate is this calculator?

The calculator uses exact monthly calculation iterations assuming standard deposit behavior (e.g., depositing before the 5th) to provide a mathematically precise maturity estimate.

SJ480 Core Compliance Systems

The SJ480 PPF Calculator provides high-velocity calculation architecture for independent savers, families, and compliance teams looking to map out secure retirement strategies. Our network engines function with client-side code loops, ensuring your financial information remains completely private and untracked. Pair this tool with our other financial engines—including our Income Tax, SIP, and Salary tools—to build a secure, long-term wealth management framework.

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Simply enter your yearly or monthly investment amount, expected interest rate and investment duration to calculate your estimated maturity value, total investment and accumulated interest. SJ480 makes it easy to compare different investment amounts and plan your long-term financial goals.

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  • Works on Desktop & Mobile
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SJ480 is useful for salaried employees, self-employed professionals, students, investors, financial planners and anyone looking to build long-term wealth through government-backed savings. Estimate your PPF maturity value, compare contribution amounts and plan your retirement with confidence.

If you've previously used Groww PPF Calculator, ClearTax PPF Calculator, ET Money PPF Calculator, Calculator.net Investment Calculator, or other online PPF calculators, SJ480 provides a fast, reliable and completely free alternative with unlimited calculations and instant results.

Free Alternative to Groww, ClearTax & ET Money PPF Calculator

SJ480 is a free alternative to popular PPF calculators. Instantly calculate your Public Provident Fund maturity amount, interest earned, investment growth and long-term savings without subscriptions, registrations or hidden charges. Plan your financial future confidently using SJ480's free online PPF Calculator.