PPF Calculator
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PPF Calculator Guide
Public Provident Fund (PPF) is a long-term, government-backed savings scheme in India. It offers guaranteed returns, complete tax exemption on deposits, interest and maturity — making it one of the safest and most tax-efficient instruments available.
Investing ₹1,50,000/year for 15 years at 7.1%:
M (Maturity)
The total corpus you receive at the end of the investment period.
P (Annual Deposit)
Amount deposited each year. Max ₹1,50,000 per financial year.
r (Annual Rate)
Set by Govt. of India quarterly. Currently 7.1% for FY 2024-25.
n (Years)
Minimum 15 years. Extend in 5-year blocks with or without contributions.
Exempt on Investment
Deposits up to ₹1.5L/year qualify for deduction under Section 80C, saving up to ₹46,800 in taxes annually.
Exempt on Interest
Interest earned is completely tax-free — no TDS deducted, no income tax on the interest income.
Exempt on Maturity
Entire maturity amount is 100% tax-free — zero capital gains tax on withdrawal after 15 years.
Deposit Limits
Min ₹500/year, max ₹1,50,000/year. Can be made in up to 12 instalments per financial year.
Partial Withdrawal
Allowed from Year 7 onwards — up to 50% of balance at end of 4th preceding year. One withdrawal per year.
Extension Rules
After 15 years, extend in 5-year blocks. With contributions (full benefits) or without (interest still accrues).
Q1: Can I withdraw PPF before 15 years?
Premature closure is allowed only after 5 years for specific reasons (serious illness, higher education). A 1% interest penalty applies. Partial withdrawal is allowed from Year 7.
Q2: Is PPF available for NRIs?
No. NRIs cannot open new PPF accounts. Accounts opened before NRI status can be maintained till maturity at a reduced interest rate (Post Office savings rate).
Q3: When is PPF interest credited?
Interest is calculated monthly on the lowest balance between the 5th and last day of the month, but credited annually on 31st March. Deposit before the 5th to earn interest for that month.
Q4: Can I take a loan against PPF?
Yes. A loan can be taken from 3rd to 6th financial year, up to 25% of the balance at the end of 2nd preceding year. The loan carries a 1% interest rate above PPF rate.