PPF Calculator – Public Provident Fund Maturity
What is PPF?
The Public Provident Fund (PPF) is a government-backed long-term savings scheme in India with a 15-year lock-in that can be extended in blocks of five years. The interest rate is set by the government and reviewed periodically, so use this calculator for estimates and check the current rate.
Formula
With yearly deposits made at the start of the year: Maturity = P × [((1 + r)n − 1) ÷ r] × (1 + r), where P is the yearly deposit, r is the annual rate and n is the number of years.
Worked example
Deposit ₹1,50,000 every year for 15 years, assuming a rate of 7.1% for illustration. Total deposits are ₹22,50,000 and the maturity is about ₹40,68,209. The actual figure will differ as rates change.
Frequently asked questions
What is the yearly deposit limit?
There is a minimum and a maximum yearly deposit set by the government. Check the current limits before investing.
Is PPF interest taxable?
PPF has been treated as tax-advantaged in India. Confirm the current rules for your tax regime.
When should I deposit during the year?
Deposits made early in the financial year (before the monthly cut-off) earn interest for more months.
Can I withdraw before 15 years?
Partial withdrawals and loans are allowed under conditions. Check the PPF rules for details.
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Results are estimates for information only and are not financial, tax or legal advice.