PPF Calculator: Maturity Value, Interest and Tax-Free Returns

What the PlanMyReturns PPF Calculator Does

This calculator shows what your Public Provident Fund will be worth at maturity, how much of that is interest, and what you can borrow or withdraw in each year along the way.

Enter your deposit, tenure, and interest rate. You get:

• Total invested, total interest, and final maturity value
• A year-by-year table with opening balance, interest, and closing balance
• The maximum loan you can take in each eligible year
• The maximum partial withdrawal allowed in each eligible year
• A chart splitting your money into deposits versus interest earned
• A downloadable CSV and a shareable plan link or image

Most PPF calculators stop at the maturity number. This one shows the loan and withdrawal limits per year and lets you model deposits that rise, fall, or change every year.

What Is PPF (Public Provident Fund)?

PPF is a 15-year, government-backed savings scheme that pays a fixed, tax-free rate of interest. The Government of India started it in 1968 to encourage long-term saving.

Your deposit, the interest it earns, and the maturity amount are all exempt from tax. This is called EEE status: Exempt on investment, Exempt on interest, Exempt on maturity. Very few Indian investments have all three.

There is no market risk. The return is set by the government and backed by a sovereign guarantee, so the rate does not depend on the stock market.

Current PPF Interest Rate

The PPF interest rate is 7.1% per annum for the July to September 2026 quarter (Q2, FY 2026-27), compounded yearly. The rate has stayed at 7.1% since April 2020, the longest flat run in the scheme’s history.

The Ministry of Finance reviews the rate every quarter (April, July, October, January). The calculator uses 7.1% by default, and you can change it to test other rates.

How PPF Interest Is Calculated

Interest is worked out every month but credited only once a year, on 31 March.

Each month, interest is calculated on the lowest balance in your account between the 5th and the last day of that month. So if you deposit after the 5th, that month’s interest is calculated on the balance before your deposit landed.

This is why deposit timing matters. To earn a full month’s interest, put money in on or before the 5th. To get the most out of a yearly lump sum, deposit before 5 April.

The calculator uses the standard annual approximation that official tools follow, which gives reliable planning estimates. Your bank’s exact figure may differ by a small amount depending on the day you deposit each month.

PPF Investment Rules at a Glance

Money above ₹1.5 lakh in a year earns no interest and is not eligible for tax deduction, so the calculator caps yearly deposits at the limit.

How Much PPF Grows: A Worked Example

Suppose you deposit the full ₹1,50,000 every year for 15 years at 7.1%.

• Total invested: ₹22,50,000
• Total interest earned: about ₹18,18,000
• Maturity value: about ₹40,68,209
• Tax paid on that maturity: zero

Your ₹22.5 lakh of deposits turns into roughly ₹40.68 lakh, and you keep all of it. The exact figure shifts a little with deposit timing and any change in the quarterly rate.

PPPF Maturity & Interest Return Milestones (At 7.1% p.a.)

Assumptions: Current PPF interest rate of 7.1% p.a. (compounded annually) | Deposits made on or before the 5th of every month | Fixed investment mode

Monthly or Yearly: Which Is Better?

Both are allowed. The difference comes from when your money starts earning.

A single yearly deposit made before 5 April earns interest for the whole year. Twelve monthly deposits earn interest only from the month each one lands, so the total interest is slightly lower for the same annual amount.

For most salaried savers, a monthly deposit of ₹12,500 (which hits the ₹1.5 lakh cap) is easier to manage and the small difference in interest is worth the convenience. If you can invest a lump sum in early April, the yearly route earns a bit more.

Use the frequency toggle to see both outcomes for your own numbers.

Investment Modes Supported

Most PPF calculators only handle a fixed yearly amount. This one models four real patterns.

Fixed Amount

The same deposit every year. Best for steady, predictable saving.

Increasing (5% per year)

Your deposit grows 5% each year as your income rises, capped at the ₹1.5 lakh limit. Useful if you start small and step up over time.

Decreasing (5% per year)

Your deposit shrinks 5% each year. Useful if you plan to front-load early and ease off later.

Custom Yearly

Set a different amount for every single year. Built for bonuses, business income, or any year your cash flow changes. Use the “Apply down” button to copy one year’s figure to all following years.

Loan Against Your PPF

You can borrow against your PPF balance, and the calculator shows the maximum for each eligible year.

• Available from the 3rd to the 6th financial year of the account
• Maximum loan: 25% of the balance at the end of the 2nd year before the year you apply
• The loan must be repaid, with interest, within the rules set for the scheme

This is a way to access funds during the lock-in without breaking the account. The “Loan Max” column in the table gives you the ceiling for each year you are eligible.

Partial Withdrawal Rules

Once the early years pass, you can take out part of your balance.

• Allowed from the 7th financial year onward
• Maximum withdrawal: 50% of the balance at the end of the 4th year before the withdrawal year
• One withdrawal is allowed per financial year

The “Withdrawal” column shows the most you can take in each eligible year. This gives you a clear picture of when PPF becomes partly liquid.

What Happens After 15 Years?

At maturity you have three choices:

• Withdraw the full amount. Tax-free, no questions.
• Extend without new deposits. The balance keeps earning 7.1% and stays tax-free. You can make one withdrawal per year.
• Extend with new deposits. Continue in blocks of 5 years and keep contributing up to the ₹1.5 lakh cap.

Extension is what turns PPF into a long-term, tax-free income source well beyond the first 15 years.

PPF and Tax: What Changed

PPF deposits qualify for a deduction of up to ₹1.5 lakh a year. Under the old Income Tax Act this fell under Section 80C. The new Income Tax Act, 2025 carries the same benefit under Section 123.

One thing to note: this deduction is only available if you file under the old tax regime. If you use the new regime, you do not get the deduction, but the interest and maturity stay fully tax-free either way. The EEE status on interest and maturity does not depend on which regime you choose.

PPF vs FD, EPF and NPS

PPF vs Fixed Deposit

A 7.1% tax-free PPF return is worth roughly a 10.4% taxable return for someone in the 30% bracket. That is why PPF stays competitive even when FD rates look higher on paper.

PPF vs EPF

PPF vs NPS

Who Should Use PPF

• Savers who want a guaranteed, tax-free return with no market risk
• Anyone building a long-term corpus for retirement or a child’s future
• Old-regime taxpayers who want the Section 123 deduction
• First-time investors who want a safe place to start

How to Use This Calculator

1. Pick monthly or yearly deposits
2. Enter your deposit amount
3. Set the duration (minimum 15 years)
4. Enter the interest rate (7.1% by default)
5. Choose fixed, increasing, decreasing, or custom mode
6. Click Calculate

You can then download the year-wise plan as CSV, share it as a link, or save the result as an image.

Frequently Asked Questions