Free PPF Calculator
See what a Public Provident Fund account grows to. Enter your yearly deposit, the current interest rate and your tenure, and get the maturity value, the interest earned and a clear year-by-year breakdown.
PPF matures after 15 years, then extends in blocks of 5.
After 15 years at 7.1%
- Total invested
- ₹22,50,000
- Interest earned
- ₹18,18,209
- Maturity value
- ₹40,68,209
| Year | Deposit | Interest | Balance |
|---|---|---|---|
| 1 | ₹1,50,000 | ₹10,650 | ₹1,60,650 |
| 2 | ₹1,50,000 | ₹22,056 | ₹3,32,706 |
| 3 | ₹1,50,000 | ₹34,272 | ₹5,16,978 |
| 4 | ₹1,50,000 | ₹47,355 | ₹7,14,334 |
| 5 | ₹1,50,000 | ₹61,368 | ₹9,25,701 |
| 6 | ₹1,50,000 | ₹76,375 | ₹11,52,076 |
| 7 | ₹1,50,000 | ₹92,447 | ₹13,94,524 |
| 8 | ₹1,50,000 | ₹1,09,661 | ₹16,54,185 |
| 9 | ₹1,50,000 | ₹1,28,097 | ₹19,32,282 |
| 10 | ₹1,50,000 | ₹1,47,842 | ₹22,30,124 |
| 11 | ₹1,50,000 | ₹1,68,989 | ₹25,49,113 |
| 12 | ₹1,50,000 | ₹1,91,637 | ₹28,90,750 |
| 13 | ₹1,50,000 | ₹2,15,893 | ₹32,56,643 |
| 14 | ₹1,50,000 | ₹2,41,872 | ₹36,48,515 |
| 15 | ₹1,50,000 | ₹2,69,695 | ₹40,68,209 |
A projection for planning. The government can revise the PPF rate each quarter, so treat the maturity value as an estimate.
Plan your PPF in four steps.
Enter your deposit, set the rate and tenure, and read the maturity value with a full year-by-year path. Everything updates as you type.
Enter your yearly deposit
Type what you put in each year, or switch to monthly and the tool adds it up. PPF takes between ₹500 and ₹1,50,000 a year.
Set the rate and tenure
The rate is set by the government each quarter. Enter the current rate and choose a tenure, starting at the 15 year lock-in.
Read the maturity value
See what your account grows to, how much of that is your own money and how much is interest, updating as you type.
Check the year-by-year path
Follow the balance grow every year, with the deposit, interest and closing balance for each one. Copy the summary in a tap.
What makes PPF different.
A few things worth knowing before you plan around a PPF account, from the lock-in to the tax treatment and the deposit limits.
What PPF is
The Public Provident Fund is a long-term savings scheme backed by the Government of India. You deposit money each year, it earns compounding interest, and the whole balance is paid out at maturity.
The rate is set quarterly
The government reviews the PPF interest rate every quarter, so it can change over the life of your account. This calculator uses the single rate you enter, which is the standard way to project a rough maturity value.
15 year lock-in
A PPF account runs for 15 years before it matures. You cannot freely withdraw the full balance before then, though partial withdrawals and loans are allowed after a few years.
Extend in blocks of five
After 15 years you can keep the account going in blocks of 5 years, with or without fresh deposits. That is why the tool lets you pick 20, 25 or 30 years as well.
Tax free under EEE
PPF has EEE status. Your deposits qualify for a deduction under Section 80C up to ₹1,50,000 a year, the interest is tax free, and the maturity amount is tax free too.
Deposit limits
You can put in as little as ₹500 and as much as ₹1,50,000 in a financial year. Anything above the limit does not earn interest, so the tool flags it if you go over.
How the PPF maths works.
The deposit is added at the start of each year and the whole balance earns interest for that year, so the account compounds annually.
How the balance grows each year
Closing = (Opening + Deposit) × (1 + Rate ÷ 100)
Next year Opening = this year Closing
Example: With ₹1,50,000 deposited at 7.1%, the first year closes at (0 + 1,50,000) × 1.071, which is ₹1,60,650.
Invested and interest at maturity
Total invested = Yearly deposit × Years
Interest earned = Maturity − Total invested
Example: Over 15 years at ₹1,50,000 a year you invest ₹22,50,000, and at 7.1% it matures near ₹40,68,000, so about ₹18,18,000 is interest.
Savings and payroll that add up.
This tool is great for a personal projection. If you run payroll and need to track employee savings schemes, deductions and tax across your team, you want that built into your systems, not a spreadsheet. That is the kind of payroll, ERP and finance software we build at Techliphant, shaped around how your business actually works.
Comparing options? Try the compound interest calculator or the income tax calculator.
Common PPF questions.
The Public Provident Fund is a long-term savings scheme backed by the Government of India. You deposit money each financial year, it earns interest that compounds annually, and the balance is paid out when the account matures after 15 years. It is popular because the returns are steady, the government stands behind it, and the money is tax free under Section 80C.
Each year the deposit is added to the running balance and the whole amount earns interest for that year. In formula terms, Closing balance = (Opening balance + Deposit) × (1 + Rate ÷ 100), and the closing balance becomes the next year opening balance. Repeat that for every year of the tenure and the final closing balance is the maturity value. This tool runs that loop for you and shows the year-by-year schedule.
The PPF rate is set by the government and reviewed every quarter, so it changes from time to time. It has been around 7.1% a year recently. Because it can change, this calculator asks you to enter the rate rather than fixing it, so you can use the current figure or test a different one.
A PPF account has a 15 year lock-in. It matures at the end of the 15th financial year from when you opened it. You can make partial withdrawals from the seventh year and take a loan against the balance in the early years, but the full amount is only free at maturity.
Yes. PPF has what is called EEE status, which means exempt at all three stages. Your yearly deposits qualify for a deduction under Section 80C up to ₹1,50,000, the interest you earn is not taxed, and the maturity amount is not taxed either. That tax treatment is a big part of why PPF is attractive.
You can deposit up to ₹1,50,000 in a single financial year, across one or more instalments. The minimum is ₹500 a year to keep the account active. Anything you pay in above ₹1,50,000 does not earn interest and is not eligible for the 80C deduction, so it is best to stay within the limit.
Yes. Once the 15 year term ends you can extend the account in blocks of 5 years. You can extend with fresh deposits or simply leave the balance to keep earning interest without adding more. That is why this tool lets you model 20, 25 or 30 year tenures as well as the standard 15.
A PPF is a 15 year government scheme with tax free interest and a yearly deposit limit, aimed at long-term saving. A fixed deposit is a bank product for a term you choose, where the interest is taxable and there is no upper limit. PPF usually wins on tax and safety, while an FD wins on flexibility and access to your money. For an FD, try our free FD calculator.
Yes on both. It is free, there is no sign-up, and it runs entirely in your browser. Nothing you type is sent anywhere or stored, so your numbers stay on your own device.
It is great for a personal projection or a quick what-if. If you run payroll and want to track employee savings schemes, deductions and tax across your whole team, you want that built into your systems rather than a spreadsheet. That is the kind of payroll and finance software we build at Techliphant.
Private by design: this calculator runs entirely in your browser, so nothing you type is uploaded or stored. It is provided free for planning and educational use. The PPF rate is set by the government and can change, so confirm the current figures with your bank or post office before you rely on them.
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