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Calculate your PPF in a click! Know the interest earned in PPF account hassle free.
| Invested Amount | ₹0 |
| Total Interest | ₹0 |
| PPF Maturity Amount | ₹0 |
Use this free PPF calculator to estimate the maturity amount, total interest, and year-on-year growth of your Public Provident Fund investment. Enter your yearly deposit and tenure, and the calculator instantly applies the current PPF interest rate of 7.1% per annum to show you exactly what your savings will be worth.
A PPF calculator is an online tool that calculates the maturity amount of a Public Provident Fund account by applying the compound interest formula. Three variables have to be provided, namely your annual deposit, tenure of investment, and rate of interest, and the result is the total investment amount, interest earned, and the final maturity amount. Since the interest in PPF is compounded on an annual basis for a minimum period of 15 years, calculation becomes very difficult, but the PPF account calculator helps you in doing it easily and quickly.
People also call this tool a public provident fund calculator, PPF return calculator, or PPF maturity calculator; they all refer to the same calculation.
PPF is an employee’s personal investment, but EPF, ESI, PT and TDS run through payroll every month. See how Zimyo Payroll Software automates statutory compliance end to end.
The Public Provident Fund is a government-assured savings plan that was introduced in the year 1968 and is now regulated by the Public Provident Fund Scheme, 2019. This plan incorporates guaranteed earnings, total security, and full tax exemption, and hence is one of the most popular plans in India for building wealth.
Feature | Details |
Current interest rate | 7.1% per annum (Q2 FY 2026-27, July–September 2026) |
Minimum deposit | ₹500 per financial year |
Maximum deposit | ₹1.5 lakh per financial year |
Tenure | 15 years, extendable in 5-year blocks |
Compounding | Annual (interest credited on 31 March) |
Tax status | EEE – deposits, interest and maturity all tax-exempt |
Eligibility | Resident Indian individuals; guardians on behalf of minors |
Accounts allowed | One per person; joint accounts not permitted |
The PPF interest rate for the July–September 2026 quarter (Q2 FY 2026-27) is 7.1% per annum, compounded annually. The Ministry of Finance reviews small savings rates every quarter, and the PPF rate has remained unchanged at 7.1% since April 1, 2020, one of the longest stable stretches in the scheme’s history.
Not at all. Most people look for the “interest rate on PPF in SBI,” but the PPF scheme is run by the central government, and its interest rate is decided by the Ministry of Finance. This interest rate applies equally to all authorized banks and post offices. If you open your PPF account with SBI, HDFC Bank, ICICI Bank, or India Post, you will earn 7.1% interest in any case.
The PPF return calculator uses the annuity-due compound interest formula, since deposits are assumed to be made at the start of each year:
M = P × [ ( (1 + i)^n − 1 ) / i ] × (1 + i)
where M = maturity value, P = annual investment, i = annual interest rate, and n = tenure in years.
Example
Suppose you invest ₹1,20,000 every year for 15 years at 7.1%:
M = 1,20,000 × [ ( (1.071)^15 − 1 ) / 0.071 ] × 1.071 ≈ ₹32,54,567
Your total deposit over 15 years is ₹18,00,000, and roughly ₹14.55 lakh of the maturity amount is pure, tax-free interest.
Annual investment of ₹1,20,000 at 7.1% per annum:
Tenure (years) | Total Investment (₹) | Interest Earned (₹) | Maturity Value (₹) |
15 | 18,00,000 | 14,54,567 | 32,54,567 |
20 | 24,00,000 | 29,26,631 | 53,26,631 |
25 | 30,00,000 | 52,46,412 | 82,46,412 |
30 | 36,00,000 | 87,60,728 | 1,23,60,728 |
Notice how the interest earned overtakes your own contribution around year 18, that is, annual compounding at work, and the strongest argument for extending a PPF account beyond the initial 15 years.
Most salaried investors contribute monthly. Here is what different monthly deposits grow to in 15 years at 7.1% (assuming deposits before the 5th of each month):
Monthly Deposit (₹) | Yearly Deposit (₹) | Total Investment (₹) | Maturity Value (₹) |
500 | 6,000 | 90,000 | 1,62,728 |
1,000 | 12,000 | 1,80,000 | 3,25,457 |
2,000 | 24,000 | 3,60,000 | 6,50,913 |
5,000 | 60,000 | 9,00,000 | 16,27,284 |
10,000 | 1,20,000 | 18,00,000 | 32,54,567 |
12,500 (max) | 1,50,000 | 22,50,000 | 40,68,209 |
Values are indicative, computed at a constant 7.1% with annual compounding. Actual returns vary slightly with deposit timing and future rate revisions.
PPF interest is calculated monthly but credited annually. Each month, interest accrues on the lowest balance in your account between the 5th and the last day of that month. The accumulated interest is then credited to your account once a year, on 31 March, after which it compounds.
The 5th-of-the-month rule: a deposit made on or before the 5th earns interest for that entire month; a deposit made on the 6th or later earns nothing for that month. If you invest a lump sum annually, deposit it before April 5. If you invest monthly, set your transfer for the first few days of each month. Over 15 years, this small habit adds a meaningful amount to your final corpus.
The PPF account expires 15 years after the expiry of the fiscal year in which it has been opened – not 15 years from the opening day itself. For instance, an account opened in the month of August 2026 (fiscal year 2026-27) would start its countdown on April 1, 2027, and expire on April 1, 2042. On the expiry date, everything is tax-free.
PPF is a 15-year commitment, but it is not entirely locked. Here is the complete liquidity timeline:
Facility | Available From | Limit / Conditions |
Loan against PPF | 3rd to 6th financial year | Up to 25% of the balance at the end of the 2nd preceding year; interest at 1% p.a. above the PPF rate; repayable in 36 months |
Partial withdrawal | 7th financial year onwards | Lower of 50% of the balance at the end of the 4th preceding year, or the preceding year’s balance; one withdrawal per year |
Premature closure | After 5 financial years | Only for specified reasons (serious illness, higher education, change in residency status); 1% interest penalty applies |
Full withdrawal | After 15 years (maturity) | Entire corpus, fully tax-free |
Do you plan on making a withdrawal from your PPF account? Then use the PPF calculator provided above to see how much you can withdraw by entering the contributions made by you until the year for which you wish to calculate your balance.
PPF enjoys exempt-exempt-exempt (EEE) status — one of the very few instruments in India where money is never taxed at any stage:
For an investor in the 30% bracket under the old regime, a tax-free 7.1% is equivalent to a taxable return of over 10%, better than most fixed deposits on a post-tax basis. Under the new tax regime, the Section 80C deduction is not available, but the interest and maturity amount remain fully tax-free.
Parameter | PPF | EPF | Bank FD (5-yr tax saver) | NSC |
Interest rate | 7.1% | 8.25% (FY 2025-26) | ~6.5–7.5% | 7.7% |
Who can invest | Any resident Indian | Salaried employees only | Anyone | Any resident Indian |
Tenure | 15 years | Till retirement/exit | 5 years | 5 years |
Interest taxation | Tax-free | Tax-free (within limits) | Taxable | Taxable (accrual) |
Maturity taxation | Tax-free | Conditional | Taxable interest | Taxable interest |
Risk | Sovereign guarantee | Sovereign backing | DICGC cover up to ₹5 lakh | Sovereign guarantee |
The PPF maturity calculator is an essential resource for anyone investing in the Public Provident Fund. With guaranteed returns, tax benefits, and long-term wealth-building potential, PPF remains a solid financial instrument. By leveraging a PPF calculator online, you can maximize savings, make well-informed financial decisions, and secure a financially stable future.
The Interest Rate for PPF is 7.1% per year for Q2, FY 2026-27, i.e., July – September 2026. The interest rate has remained constant since April 1, 2020. It is reviewed every quarter by the Ministry of Finance.
Not necessarily. The interest on PPF is the same for SBI, other authorized banks, and post offices since it is decided centrally by the government. All accounts under PPF in India earn an interest of 7.1% annually.
₹5,000 per month equals ₹60,000 per year. At 7.1%, your total investment of ₹9 lakh grows to approximately ₹16.27 lakh in 15 years, of which about ₹7.27 lakh is tax-free interest.
No. The maximum deposit is ₹1.5 lakh per financial year across all your PPF deposits. Any excess amount earns no interest, qualifies for no tax deduction, and is refunded without interest.
Partial withdrawal is permitted from the 7th year of finances and is subject to a limit of the smaller amount between 50% of the balance in the 4th year back or the balance of the previous year. Withdrawal can be done in full only at maturity after 15 years.
Only one. An individual can hold a single PPF account in their own name across all banks and post offices in India, plus accounts opened as a guardian on behalf of minor children. Joint PPF accounts are not permitted.
