Savings Tools
PPF Calculator
Public Provident Fund is one of India's most popular long-term savings instruments — government-backed, EEE tax status, and currently paying 7.1% compounded yearly.
PPF Investment Details
Annual deposit, tenure, and current PPF rate. Deposits are assumed at the start of each year.
₹1,50,000.00
15 years
7.10% per annum (compounded yearly)
Maturity Amount
₹40,68,209
After 15 years at 7.1% p.a.
Total Invested
₹22,50,000
₹1,50,000.00 × 15 years
Total Interest
₹18,18,209
Tax-free under Section 10(11)
Year-wise Growth
How your PPF balance compounds year over year.
| Year | Opening | Invested | Interest | Closing |
|---|---|---|---|---|
| 1 | ₹0 | ₹1,50,000 | ₹10,650 | ₹1,60,650 |
| 2 | ₹1,60,650 | ₹1,50,000 | ₹22,056 | ₹3,32,706 |
| 3 | ₹3,32,706 | ₹1,50,000 | ₹34,272 | ₹5,16,978 |
| 4 | ₹5,16,978 | ₹1,50,000 | ₹47,355 | ₹7,14,334 |
| 5 | ₹7,14,334 | ₹1,50,000 | ₹61,368 | ₹9,25,701 |
| 6 | ₹9,25,701 | ₹1,50,000 | ₹76,375 | ₹11,52,076 |
| 7 | ₹11,52,076 | ₹1,50,000 | ₹92,447 | ₹13,94,524 |
| 8 | ₹13,94,524 | ₹1,50,000 | ₹1,09,661 | ₹16,54,185 |
| 9 | ₹16,54,185 | ₹1,50,000 | ₹1,28,097 | ₹19,32,282 |
| 10 | ₹19,32,282 | ₹1,50,000 | ₹1,47,842 | ₹22,30,124 |
| 11 | ₹22,30,124 | ₹1,50,000 | ₹1,68,989 | ₹25,49,113 |
| 12 | ₹25,49,113 | ₹1,50,000 | ₹1,91,637 | ₹28,90,750 |
| 13 | ₹28,90,750 | ₹1,50,000 | ₹2,15,893 | ₹32,56,643 |
| 14 | ₹32,56,643 | ₹1,50,000 | ₹2,41,872 | ₹36,48,515 |
| 15 | ₹36,48,515 | ₹1,50,000 | ₹2,69,695 | ₹40,68,209 |
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Why PPF still matters
The Public Provident Fund has been a fixture of Indian household finance since 1968. You can deposit between ₹500 and ₹1,50,000 per year, either in a single shot or as up to 12 instalments, and the government compounds interest annually at a rate it resets each quarter (7.1% at the time of writing). Your account locks in for 15 years from the end of the financial year in which you opened it, and after that you can extend in 5-year blocks indefinitely — with or without making fresh contributions.
The reason PPF still earns a place in most portfolios is its tax treatment: it's one of the few products with full EEE status. Your deposit qualifies for Section 80C deduction up to ₹1.5 lakh, the interest accrued every year is tax-free, and the entire maturity amount is exempt from tax. Compared to a fixed deposit at a similar headline rate, PPF beats it after-tax comfortably — particularly for higher-bracket taxpayers. Sovereign guarantee means the principal and interest are as safe as anything you can put your money into in India.
Two operational tips. First, deposit before the 5th of every month — PPF calculates monthly interest on the lowest balance between the 5th and the end of the month, so a deposit on the 6th earns no interest for that month. Front-loading the year (depositing the full ₹1.5 lakh in April) gives the largest corpus over time. Second, partial withdrawals are allowed from the 7th year onward, and loans from the 3rd to 6th year, so PPF isn't as illiquid as people assume. Used right, it's a reliable bedrock for a long-horizon goal like retirement or a child's education — pair it with equity SIPs for the growth kicker, and you have a balanced base.