About PPF Calculator
Estimate the maturity value of a Public Provident Fund (PPF) account. PPF is a 15-year, government-backed savings scheme with tax-free interest, compounded annually.
How to Use
- Enter the amount you plan to invest each year (up to ₹1.5 lakh).
- Enter the current PPF interest rate (revised quarterly by the government).
- Keep the tenure at 15 years, or extend in blocks of 5 years.
- See the total invested, interest earned, and tax-free maturity amount.
Why Use This Tool?
- Accurate — built on precise, well-tested mathematical formulas.
- Instant — all calculations happen client-side for zero latency.
- Private — no data is sent to any server; your information stays on your device.
- Free — no sign-up, no limits, no hidden costs.
Frequently Asked Questions
Is PPF interest taxable?
No. PPF falls under the EEE (Exempt-Exempt-Exempt) category — your contribution qualifies for a Section 80C deduction, and both the interest and the maturity amount are fully tax-free.
What is the maximum I can invest in PPF per year?
₹1.5 lakh per financial year. The minimum is ₹500. Deposits above ₹1.5 lakh do not earn interest and are not eligible for tax benefits.
How is PPF interest calculated?
Interest is calculated on the lowest balance between the 5th and last day of each month, but credited once a year. Depositing before the 5th of the month maximises your interest.
Is the SBI, HDFC, PNB or Post Office PPF calculator different?
No — they all give the same result. PPF is a Government of India scheme, so the interest rate is set by the government, not the bank or post office. An SBI, HDFC, PNB, ICICI, Axis, Canara or Post Office PPF account all earn the identical rate and use the same formula; only the place you manage the account differs.
What is the current PPF interest rate?
The government revises the PPF rate every quarter; it has been 7.1% per annum for several quarters. Whatever the current rate, it is the same at every bank and the post office.
How much will ₹1.5 lakh a year for 15 years grow to?
Investing the full ₹1.5 lakh limit every year for 15 years at 7.1% grows to about ₹40.68 lakh, of which roughly ₹18.18 lakh is tax-free interest on ₹22.5 lakh invested. Enter your own amount and tenure above for an exact figure.