PPF Calculator

The Public Provident Fund is a government-backed savings scheme in India with a 15-year term, extendable in blocks of five years. You deposit between ₹500 and ₹1.5 lakh each financial year, and the interest, currently 7.1% a year, is tax-free, as is the amount at maturity.

This calculator projects a PPF account's value at the current rate for a 15, 20, 25 or 30-year term, assuming the same deposit every year by the 5th of April. It shows the maturity value, total deposited, interest earned and the balance each year, so you can see how strongly the later years compound.

PPF interest is calculated each month on the lowest balance between the 5th and the end of the month, and credited once a year on 31 March. Depositing by the 5th of April therefore earns interest on that money for the whole year, which is what the calculator assumes.

PPF is exempt at every stage: deposits qualify for the 80C deduction under the old regime, and interest and maturity are tax-free in both regimes. The rate is set by the government every quarter, so the projection uses today's rate throughout.