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PPF Calculator

15-year lock-in. 100% tax-free maturity.

Contribute every year, watch the government-backed rate compound. The entire maturity amount comes out tax-free.

Tax-free maturity
₹40,68,209
From ₹1,50,000 every year for 15 years at 7.1%.
Invested ₹22,50,000Gains ₹18,18,209
You invested
₹22,50,000
15 yearly contributions
Interest earned
₹18,18,209
Tax-free
Interest share
45%
Of the final corpus
Plain-English insights
  • Your final maturity is 55.3% principal and 44.7% tax-free interest.
  • You contribute ₹22,50,000 over 15 years and walk away with ₹40,68,209 — no tax on the maturity.
  • Every rupee also cuts your taxable income under Section 80C (old regime). Effective post-tax return is meaningfully higher than the headline rate.
Year-by-year growth
What this tool assumes

Contribution is credited at the start of each year and compounded annually at the rate you set. Real PPF interest is computed on the minimum balance between the 5th and end of each month — deposit early in April to squeeze out every rupee.

Common questions
What's the current PPF rate?

PPF rate is set quarterly by the government. It's usually 7.1% and hasn't moved much for several quarters. Interest is compounded annually.

Is PPF really tax-free?

Yes — EEE status. Deposits qualify for 80C, interest is tax-free, and maturity is tax-free. One of the last such products in India.

What's the deposit limit?

₹1.5 lakh per person per financial year across all PPF accounts (yours + your minor children's). Split with spouse for a bigger family kitty.

Can I withdraw before 15 years?

Partial withdrawal is allowed from year 7. Full withdrawal only at maturity — you can extend in blocks of 5 years, with or without further contributions.

PPF or ELSS?

PPF is 15-year, 7.1%, guaranteed. ELSS is 3-year lock, ~12% expected but volatile. Long-term wealth: ELSS wins. Absolute safety: PPF.

How this is calculated
FV = Σ deposit × (1 + rate)^(15 − year_of_deposit)

Each yearly deposit earns interest until year 15. Interest is compounded annually. Deposits before the 5th of a month earn interest for that month.

Assumptions
  • Interest rate stays at the value you entered for all 15 years.
  • You deposit on 1 April each year (best day) for cleanest compounding.
  • No premature withdrawal.
What it can't tell you
  • PPF rate is set quarterly and can move — historically 7.1–8.7%.
  • Real maturity depends on the actual rate each year.
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