PPF Calculator

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Part of:India Personal Finance Guide 2026: EMI, SIP, FD, GST, Income Tax & Investment Calculators

PPF Calculator

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Calculate your PPF (Public Provident Fund) maturity value with year-by-year growth. Free India PPF calculator at the current 7.1% rate.

Annual Contribution (₹)

Max ₹1,50,000/year (Section 80C limit)

Tenure (years)

Interest Rate (% p.a.)

Current PPF rate: 7.1% (Q2 FY 2026-27)

Enter values above to see results.

PPF at a Glance

Public Provident Fund — India's guaranteed, tax-free savings scheme (2026)

7.1%

Current Rate (unchanged since April 2020)

15yr

Base Lock-in (extendable in 5-year blocks)

EEE

Fully Tax-Free: Contribution, Interest & Maturity

₹1.5L

Max Annual Contribution (Section 80C limit)

What Is PPF (Public Provident Fund)?

Public Provident Fund (PPF) is a government-backed, long-term savings scheme available to every resident Indian citizen. It pays a fixed interest rate set quarterly by the Finance Ministry, currently 7.1% per annum, compounded annually. PPF carries the rare EEE (Exempt-Exempt-Exempt) tax status — your contribution qualifies for a Section 80C deduction, the interest earned is tax-free, and the final maturity amount is also completely tax-free.

The account has a base tenure of 15 years, extendable indefinitely in blocks of 5 years, either with or without further contributions. Because the rate is guaranteed by the government and cannot fall below what has already been credited, PPF is considered one of the safest long-term instruments available to Indian savers.

PPF Maturity Formula

Annual Compounding

Balance = (Balance + Contribution) × (1 + r)

Each year, that year's contribution is added to the running balance, then the full balance is compounded at the current PPF rate (r). This calculator applies this formula for every year of your chosen tenure.

Example

₹1,50,000/yr × 15yr @ 7.1% ≈ ₹40.68L

Total contributed over 15 years: ₹22.5 lakh. Interest earned: ≈ ₹18.18 lakh — fully tax-free under Section 10(11).

Key PPF Rules

Rule	Detail
Loan against balance	Available 3rd–6th year, at 1% above the current PPF rate
Partial withdrawal	From 7th year, up to 50% of balance at end of 4th preceding year, once/year
Extension with contribution	5-year blocks; withdrawal capped at 60% of extension-start balance, one/year
Extension without contribution	5-year blocks; unlimited withdrawal amount, one/year
Minor accounts	Earn only the POSA rate (~4%) until the child turns 18, per the 2024 amendment
NRI accounts	Cannot open new accounts; existing accounts earn no interest since Oct 1, 2024

PPF Interest Rate History: 1968 to Today

1968

PPF Scheme Launched

The Public Provident Fund Scheme was introduced by the National Savings Institute, Ministry of Finance, with an initial interest rate of 4.8% per annum.

1986–2000

The 12% Golden Period

Rates were raised progressively through the 1970s-80s, peaking at a sustained 12% per annum from 1986 until January 2000 — the highest rate in the scheme’s history, nearly double today’s rate.

2000–2011

Steady Decline

Rates fell from 11% in 2000 to 8% by 2011 as the broader interest-rate environment softened over the decade.

2016

Quarterly Rate Reviews Begin

The government moved from administratively fixing rates to a formula-based quarterly review, linking PPF and other small savings schemes to government security (G-Sec) yields plus a fixed spread, per the Shyamala Gopinath Committee (2011) recommendation.

2020–Present

7.1% — The Longest Stable Run

The rate has held at 7.1% since April 2020, the longest period of stability in the scheme’s history, confirmed again for Q2 FY 2026-27 (July–September 2026).

2024

Minor Account & NRI Rules Tightened

An amendment moved minor-operated PPF accounts to the lower Post Office Savings Account (POSA) rate (~4%) until the child turns 18, and stopped interest accrual entirely on NRI-held accounts from October 1, 2024.

PPF Myths vs. Facts

Myth

PPF always earns 7.1% — that’s a permanent, guaranteed rate.

Fact

The rate is reviewed every quarter against a G-Sec-linked formula. It has ranged from 4.8% (1968) to 12% (1986–2000) over the scheme’s history — 7.1% has simply held steady since April 2020, which is unusual by historical standards, not a permanent ceiling or floor.

Myth

I can open more than one PPF account to invest beyond the ₹1.5 lakh limit.

Fact

Only one PPF account is permitted per person (excluding a separate account operated for a minor child). A second account in your own name violates the rules and can be closed without interest once discovered.

Myth

A PPF account I open for my child earns the full 7.1% rate immediately.

Fact

Since a 2024 amendment, minor-operated PPF accounts earn only the Post Office Savings Account rate (~4%) until the child turns 18 — the standard 7.1% rate only applies after the account transfers to their name at adulthood.

Myth

My PPF money is completely locked away for the full 15 years.

Fact

A loan against your balance is available from the 3rd to 6th year, and partial withdrawal (up to 50% of an earlier year-end balance) is allowed from the 7th year onward — though neither should substitute for a real emergency fund.

Frequently Asked Questions

What is the current PPF interest rate?▼

7.1% per annum, unchanged since April 2020, reviewed quarterly by the Finance Ministry against a formula linked to government security yields — confirmed again for Q2 FY 2026-27 (July–September 2026).

How much will ₹1.5 lakh per year in PPF grow to in 15 years?▼

Approximately ₹40.68 lakh at the current 7.1% rate, against a total contribution of ₹22.5 lakh over 15 years — roughly ₹18.18 lakh in tax-free interest earned.

Is PPF interest taxable?▼

No. PPF has EEE (Exempt-Exempt-Exempt) status — the contribution (up to ₹1.5 lakh/year under Section 80C), the interest earned, and the final maturity amount are all completely tax-free under Section 10(11).

Can I withdraw from PPF before 15 years?▼

Partial withdrawal is allowed from the 7th year onward (up to 50% of the balance at the end of the 4th preceding year, or the immediately preceding year, whichever is lower). A loan against your balance is separately available from the 3rd to 6th year, at 1% above the current PPF rate.

What happens to my PPF account after 15 years?▼

You can withdraw the full maturity value and close the account, or extend in 5-year blocks either with continued contributions (60% withdrawal cap, once per year) or without further contributions (unlimited withdrawal amount, once per year).

Can I have more than one PPF account?▼

No — only one PPF account is permitted per person, excluding a separate account you may operate on behalf of a minor child. A second account in your own name violates the rules and can be closed without interest once discovered.

Do minor PPF accounts earn the full 7.1% interest rate?▼

No. Since an October 2024 amendment, minor-operated PPF accounts earn only the Post Office Savings Account (POSA) rate (around 4%) until the child turns 18, after which the account transfers to their name and starts earning the standard 7.1% rate.

Can NRIs open or continue a PPF account?▼

NRIs cannot open a new PPF account. A resident who later becomes an NRI can continue an existing account until its original maturity but cannot extend it further, and since October 1, 2024, NRI-held accounts no longer earn any interest.

Is PPF or ELSS better for Section 80C tax saving?▼

It depends on risk tolerance and horizon. ELSS offers higher historical returns (12–15% CAGR) with market risk and a 3-year lock-in; PPF offers a guaranteed 7.1%, fully tax-free, with a 15-year lock-in. A common split for investors under 45 with a 5+ year horizon is roughly 60% ELSS / 40% PPF.

What is the best day of the month to contribute to PPF?▼

Before the 5th. Interest is calculated on the lowest balance between the 5th and the last day of each month, so a deposit made on or before the 5th earns interest for that entire month, while a deposit on the 6th or later loses that month’s interest on the new amount.

Research & Data Sources

Ministry of Finance — Small Savings Rate Notifications

The Department of Economic Affairs publishes the quarterly interest rate for PPF and all small savings schemes, each linked to a G-Sec-yield formula recommended by the Shyamala Gopinath Committee (2011).

↗ incometax.gov.in

Public Provident Fund Scheme, 2019 (as amended)

The National Savings Institute administers the governing rules for account opening, contribution limits, extension options, and withdrawal/loan eligibility.

↗ nsiindia.gov.in

PPF Interest Rate History (1968–Present)

Independent financial-data archives tracking the scheme’s full rate history, including the 1986–2000 12% peak and the post-2016 quarterly review era.

↗ freefincal.com

PPF Calculator

Free PPF calculator with year-by-year growth schedule. Calculate your fully tax-free maturity value at the current 7.1% rate.

Methodology, sources & limitations

This calculator uses a published formula and the values entered in the calculator to generate the result.

Formula: Balance = (Balance + Contribution) × (1 + r)
Jurisdiction & units: Intended for US, IN, EU, GB, AU, CA. Supports both units where applicable.
Assumptions & limitations: Results use the inputs you provide and published formulas or rate assumptions. They are estimates, not financial, tax, lending, or investment advice.
Review status: Formula and automated QA completed July 21, 2026; independent professional review is pending. Next scheduled review: October 21, 2026.

Validation sources

Ministry of Finance, Government of India — Small Savings Scheme Notifications
Income Tax Department of India

PPF Calculator — Answer & Method

Calculate PPF (Public Provident Fund, India) maturity value with year-by-year growth at the current 7.1% rate.

Formula: PPF Annual Compounding

Balance = (Balance + Contribution) × (1 + r)

r = PPF Interest Rate (%)

Example Calculation

₹1,50,000/year for 15 years at 7.1% grows to approximately ₹40.68 lakh, fully tax-free.

Important limitation

This is an estimate based on your inputs, not financial, lending, tax, or investment advice.

Key Facts

PPF has EEE (Exempt-Exempt-Exempt) tax status — contribution, interest, and maturity are all tax-free in India.
The PPF rate has been 7.1% since April 2020, reviewed quarterly against government security yields.
Maximum annual PPF contribution is ₹1.5 lakh, matching the Section 80C deduction limit.

Sources & Validation

Ministry of Finance, Government of India — Small Savings Scheme NotificationsIncome Tax Department of India

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PPF at a Glance

What Is PPF (Public Provident Fund)?

PPF Maturity Formula

Annual Compounding

Example

Key PPF Rules

PPF Interest Rate History: 1968 to Today

PPF Scheme Launched

The 12% Golden Period

Steady Decline

Quarterly Rate Reviews Begin

7.1% — The Longest Stable Run

Minor Account & NRI Rules Tightened

PPF Myths vs. Facts

Frequently Asked Questions

Research & Data Sources

Ministry of Finance — Small Savings Rate Notifications

Public Provident Fund Scheme, 2019 (as amended)

PPF Interest Rate History (1968–Present)

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PPF at a Glance

What Is PPF (Public Provident Fund)?

PPF Maturity Formula

Annual Compounding

Example

Key PPF Rules

PPF Interest Rate History: 1968 to Today

PPF Scheme Launched

The 12% Golden Period

Steady Decline

Quarterly Rate Reviews Begin

7.1% — The Longest Stable Run

Minor Account & NRI Rules Tightened

PPF Myths vs. Facts

Frequently Asked Questions

Research & Data Sources

Ministry of Finance — Small Savings Rate Notifications

Public Provident Fund Scheme, 2019 (as amended)

PPF Interest Rate History (1968–Present)

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