India PPF Calculator: Public Provident Fund Maturity Value
Estimate the maturity value of an Indian Public Provident Fund (PPF) account from a starting balance plus regular contributions at the government-set PPF rate — one of India's most popular tax-free, government-backed savings schemes.
Adjust the inputs and select Calculate for a full breakdown.
Year-by-year growth schedule
Compare Common Scenarios
How the numbers shift across typical situations for this calculator:
| Scenario | Future value | Total contributions | Total interest earned |
|---|---|---|---|
| ₹50k + ₹10k/mo · 7.1% · 15yr | $3,341,910.90 | $1,850,000.00 | $1,491,910.90 |
| ₹0 + ₹12,500/mo · 7.1% · 15yr (max) | $3,996,654.27 | $2,250,000.00 | $1,746,654.27 |
| ₹1L + ₹5k/mo · 7.1% · 20yr (extended) | $3,048,473.71 | $1,300,000.00 | $1,748,473.71 |
| ₹0 + ₹3k/mo · 7.1% · 15yr | $959,197.03 | $540,000.00 | $419,197.03 |
How This Calculator Works
Enter your current PPF balance, monthly contribution, the PPF rate, and the tenure (the standard PPF term is 15 years, extendable in blocks of 5). The calculator compounds the balance and shows the estimated maturity value and total interest. PPF enjoys EEE tax status — contributions, interest, and maturity are all tax-exempt.
The Formula
Future Value with Regular Contributions
P = starting amount, PMT = monthly contribution, r = monthly rate (annual ÷ 12), n = number of months
Worked Example
A ₹50,000 balance plus ₹10,000 a month for 15 years at 7.1% grows to roughly ₹33.4 lakh (about ₹3,341,911) — with around ₹14.9 lakh of that being tax-free interest. The PPF (Public Provident Fund) is a government-backed long-term savings scheme with a 15-year lock-in, a fixed rate revised quarterly by the government, and — crucially — EEE (Exempt-Exempt-Exempt) tax treatment: contributions are deductible under Section 80C, the interest is tax-free, and the maturity amount is tax-free.
Key Insight
PPF is a cornerstone of conservative, tax-efficient saving in India, and its appeal rests on safety plus the rare EEE tax status. Key features: it's backed by the Government of India (effectively risk-free), pays a fixed rate set and revised quarterly by the government (so the rate can change over the 15-year term), and has a 15-year maturity that can be extended indefinitely in 5-year blocks. The tax treatment is its biggest draw — Exempt-Exempt-Exempt: deposits qualify for deduction under Section 80C (up to the ₹1.5 lakh annual limit, shared with other 80C investments), the interest earned is fully tax-free, and the maturity proceeds are tax-free — a combination few instruments offer. Contribution rules: a minimum yearly deposit keeps the account active, and the annual maximum is ₹1.5 lakh; deposits can be lump-sum or in instalments. A nuance this simple monthly-compounding estimate glosses over: PPF interest is actually calculated on the minimum balance between the 5th and last day of each month and credited annually, so to maximise interest, deposit before the 5th of the month. Partial withdrawals are allowed from year 7, and loans against the balance from years 3–6. For long-horizon, risk-averse goals (retirement, a child's future), PPF's guaranteed, tax-free compounding is hard to beat among safe instruments — though equity (e.g. ELSS or index funds) may outperform over very long periods at higher risk. This is an estimate; confirm the current quarterly rate and rules, as the government revises them.
PPF structure + EEE tax advantage
STRUCTURE.
Substantial — substantial 15-year tenure standard.
Substantial — substantial extendable in 5-year blocks (with/without contributions).
Substantial — substantial 7.1% Q3 2024.
Substantial — substantial reviewed quarterly.
Substantial — substantial substantial substantial substantial.
MINIMUM ₹500/year, maximum ₹1.5 lakh/year.
Substantial — substantial substantial multiple deposits permitted (max 12 per year).
Substantial — substantial 5th of month substantial — interest from that month.
Substantial — substantial substantial substantial.
Substantial — substantial single account per individual.
Substantial — substantial joint accounts not permitted.
Substantial — substantial minor accounts via guardian.
EEE TAX TREATMENT substantial.
Substantial — substantial Exempt at investment (80C deduction ₹1.5 lakh).
Substantial — substantial Exempt during accumulation (interest tax-free).
Substantial — substantial Exempt at withdrawal (maturity tax-free).
Substantial — substantial substantial substantial substantial substantial.
Substantial — substantial substantial substantial best tax-efficient.
Substantial — substantial substantial substantial substantial.
INTEREST CALCULATION.
Substantial — substantial credit on March 31st annually.
Substantial — substantial calculated on minimum balance 5th-last day of month.
Substantial — substantial deposit BEFORE 5th to gain that month interest.
Substantial — substantial substantial substantial planning critical.
RATE history (PPF).
Substantial — substantial 2024. 7.1%.
Substantial — substantial 2020-2024. 7.1% (frozen 16 quarters).
Substantial — substantial 2018-2020. 7.6-8.0%.
Substantial — substantial 2013-2017. 8.5-8.7%.
Substantial — substantial 2003-2010. 8% fixed.
Withdrawals, loans, extensions
PARTIAL WITHDRAWAL.
Substantial — substantial allowed from 7th year.
Substantial — substantial 50% of balance at end of 4th year prior.
Substantial — substantial OR balance at end of preceding year.
Substantial — substantial whichever is lower.
Substantial — substantial 1 withdrawal per year.
Substantial — substantial substantial substantial substantial substantial.
PREMATURE CLOSURE.
Substantial — substantial 5 years completion.
Substantial — substantial specific reasons (medical, education, NRI).
Substantial — substantial 1% interest rate penalty.
Substantial — substantial substantial substantial substantial substantial.
LOAN.
Substantial — substantial 3rd-6th year.
Substantial — substantial 25% of balance at end of 2 yrs prior.
Substantial — substantial 36 months repayment.
Substantial — substantial 1% interest rate above PPF.
Substantial — substantial substantial substantial substantial.
EXTENSION post-15 years.
Substantial — substantial 5-year blocks.
Substantial — substantial WITH contributions.
Substantial — substantial WITHOUT contributions (interest continues).
Substantial — substantial substantial substantial substantial.
Substantial — substantial 1 partial withdrawal per year during extension.
Substantial — substantial substantial substantial unlimited blocks.
Substantial — substantial substantial substantial substantial substantial.
WHERE TO OPEN.
Post Office.
Major Banks (SBI, HDFC, ICICI, etc.).
Online via netbanking substantial.
TRANSFER substantial.
Substantial — substantial between Post Office + Banks.
Substantial — substantial substantial substantial.
NRI status.
Substantial — substantial cannot open new PPF account.
Substantial — substantial existing continues until 15-year maturity.
Substantial — substantial cannot extend.
Substantial — substantial substantial substantial substantial.
MATURITY CORPUS projection.
₹1.5 lakh/year × 15 years × 7.1% = ₹40.7 lakh.
Substantial — substantial substantial substantial.
₹12.5K/month × 15 years × 7.1% = ₹40.7 lakh.
Substantial — substantial substantial substantial substantial substantial.
Substantial — substantial extend 5 years → ₹60.6 lakh.
Substantial — substantial extend 10 years → ₹86.7 lakh.
Substantial — substantial extend 15 years → ₹1.2 crore.
STRATEGY substantial.
(1) Substantial — substantial max ₹1.5 lakh annually for 80C.
(2) Substantial — substantial deposit before 5th for monthly interest.
(3) Substantial — substantial substantial substantial substantial.
(4) Substantial — substantial extend without contributions if rates rise elsewhere.
(5) Substantial — substantial Sukanya Samriddhi 8.2% for girl child substantial alternative.
(6) Substantial — substantial combine PPF + ELSS + NPS for diversification.
India PPF benchmarks (2024)
Reference PPF structure + projections.
| Item | Detail |
|---|---|
| Current rate | 7.1% |
| Tenure | 15 years |
| Min contribution | ₹500/year |
| Max contribution | ₹1.5 lakh/year |
| 80C deduction | Up to ₹1.5 lakh |
| Tax treatment | EEE (fully tax-free) |
| Partial withdrawal eligible | Year 7+ |
| Premature closure | Year 5+ (1% penalty) |
| Loan eligible | Year 3-6 |
| Extension | 5-yr blocks (unlimited) |
| ₹1.5L/yr × 15 yrs maturity | ₹40.7 lakh |
| Extended to 30 yrs | ₹1.2 crore |
PPF substantial best tax-efficient (EEE). Deposit BEFORE 5th of month for interest gain. Frozen at 7.1% for 16 quarters 2020-2024. Sukanya Samriddhi 8.2% substantial alternative girl child. Extension 5-yr blocks with/without contributions. NRI cannot open new but existing continues to maturity. India Post + Ministry of Finance + RBI framework.
Frequently Asked Questions
How is PPF maturity calculated?
Your balance and contributions compound at the PPF rate. A ₹50,000 balance plus ₹10,000/month for 15 years at 7.1% grows to roughly ₹33.4 lakh. (PPF interest is officially calculated on the minimum monthly balance and compounded annually, so this monthly-compounding figure is a close estimate.)
Is PPF tax-free?
Yes — PPF has EEE (Exempt-Exempt-Exempt) status: contributions are deductible under Section 80C (within the ₹1.5 lakh annual limit), the interest is fully tax-free, and the maturity amount is tax-free. This rare triple exemption is a major reason for PPF's popularity.
What is the PPF tenure and contribution limit?
The standard tenure is 15 years, extendable in 5-year blocks. The annual contribution limit is ₹1.5 lakh (about ₹12,500/month), with a small minimum yearly deposit required to keep the account active. Deposits can be lump-sum or in instalments through the year.
Is the PPF interest rate fixed?
It's a fixed, government-backed rate, but the government reviews and can revise it quarterly — so the rate can change over your 15-year term (recently around 7.1%). It's not market-linked, which makes PPF safe and predictable but means the rate isn't guaranteed for the full tenure.
When can I withdraw from PPF?
PPF has a 15-year lock-in, but partial withdrawals are allowed from the 7th year, and loans against the balance are available from years 3 to 6. At maturity you can withdraw fully, extend with or without further contributions, or roll into a new 5-year block. To maximise interest, deposit before the 5th of each month.
When is this calculator unreliable?
Less reliable when rate changes quarterly (substantial reduces from past 7.5-8.7% range to current 7.1%), when extension in blocks of 5 years choice (with/without contributions), when partial withdrawal eligibility (substantial — 50% after 6 yrs), when loan eligibility (3rd-6th year, 25% of 2 yrs prior balance), when NRI status changes (cannot open new but existing continues to maturity, cannot extend), or when Sukanya Samriddhi 8.2% alternative for girl child substantial preferred.
References & Authoritative Sources
- Department of Posts (India Post) — Small Savings Schemes · consulted June 1, 2026 · Federal post office
- Ministry of Finance, India — PPF Rate Notifications · consulted June 1, 2026 · Federal finance ministry
- Reserve Bank of India (RBI) — Small Savings Framework · consulted June 1, 2026 · Central bank
Related Calculators
Methodology & Review
India PPF (Public Provident Fund) maturity = annual contribution × ((1 + r)^15 − 1) / r + initial × (1 + r)^15. Calculator returns 15-year maturity + extension scenarios. PPF 2024: 7.1% compounded annually (reviewed quarterly). Min ₹500 / max ₹1.5 lakh per year. EEE — Exempt-Exempt-Exempt (contribution + interest + maturity all tax-free). RELIABILITY: Reliable for projection. Less reliable when (a) rate changes quarterly (substantial reduces from past 7.5-8.7% range to current 7.1%); (b) extension in blocks of 5 years; (c) partial withdrawal eligibility (substantial — 50% after 6 yrs); (d) loan eligibility (3rd-6th year, 25% of 2 yrs prior balance); (e) NRI status changes (cannot open new but existing continues to maturity); (f) Sukanya Samriddhi 8.2% alternative for girl child.
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