Use our PPF Calculator to project your investment growth over 15 years. Enter your annual contribution, expected interest rate, and tenure to calculate the maturity amount and total interest earned.
The Public Provident Fund (PPF) is a government-backed, long-term savings scheme in India. It offers tax-free returns and is ideal for individuals seeking secure and tax-efficient investment options for retirement planning.
A = P × [(1 + r)n – 1] / r| Year | Opening Balance | Interest | Deposit | Closing Balance |
|---|---|---|---|---|
| 1 | ₹12,000 | ₹1,000 | ₹12,000 | ₹25,000 |
| 2 | ₹25,000 | ₹2,083 | ₹12,000 | ₹39,083 |
| 3 | ₹39,083 | ₹3,257 | ₹12,000 | ₹54,340 |
As of April to June 2025, the PPF interest rate is 7.1% per annum, compounded annually.
Yes, many banks and post offices offer online facilities to open a PPF account. Ensure you have a valid KYC and a linked bank account.
No, the interest earned on PPF is tax-free under Section 10(11) of the Income Tax Act.
Yes, loans can be availed from the 3rd to the 6th financial year of opening the PPF account. The maximum loan amount is 25% of the balance at the end of the 2nd preceding year.
Yes, partial withdrawals are allowed from the 7th financial year onwards. The maximum amount you can withdraw is 50% of the balance at the end of the 4th year or the preceding year, whichever is lower.
Upon maturity after 15 years, you can withdraw the entire amount tax-free, or choose to extend the account in blocks of 5 years with or without further contributions.