PPF Calculator
Calculate your Public Provident Fund (PPF) maturity corpus at the current 7.1% p.a. interest rate. Enter your yearly deposit and tenure to see how your tax-free savings grow.
What is a Public Provident Fund (PPF)?
The Public Provident Fund is a government-backed long-term savings scheme that offers tax-free returns and capital safety. You can deposit between ₹500 and ₹1,50,000 per year, and the account has a lock-in of 15 years (extendable in 5-year blocks thereafter). The interest rate is set by the government quarterly — currently 7.1% p.a. compounded annually.
PPF enjoys EEE (Exempt-Exempt-Exempt) status: contributions qualify for deduction under Section 80C, the interest earned is tax-free, and the maturity proceeds are also exempt from tax. This triple tax benefit makes PPF one of the most efficient long-term savings instruments available to Indian residents.
The maturity amount is computed year-by-year: each year's balance equals (previous balance + annual deposit) multiplied by (1 + interest rate). The calculator above uses this exact formula to project your corpus.
This calculator uses the current PPF interest rate of 7.1% p.a. for illustration. The government may revise this rate quarterly. Always verify the current rate with your bank or post office before making investment decisions.