PPF Calculator

The Public Provident Fund earns 7.1% a year (compounded annually) over a 15-year term, and both the interest and maturity are completely tax free. Investing the maximum ₹1,50,000 a year for 15 years grows to about ₹40.68 lakh, of which ₹22.5 lakh is your investment and roughly ₹18 lakh is tax-free interest. Enter your yearly deposit below.

Updated July 2026. Figures for FY 2025-26 (AY 2026-27).

How it is calculated

How PPF grows

PPF interest (currently 7.1% a year, set quarterly by the government) is compounded annually on your balance. The account runs for 15 years and can be extended in five-year blocks.

Limits and tax benefit

You can deposit ₹500 to ₹1,50,000 per financial year. Deposits qualify for 80C deduction under the old regime, and the interest and maturity are fully exempt from tax (the EEE category).

Worked example. ₹1,50,000 a year for 15 years at 7.1% grows to about ₹40.68 lakh, entirely tax free.

Frequently asked questions

What is the current PPF interest rate?

PPF earns 7.1% a year, compounded annually. The government reviews and sets the rate every quarter, so confirm the latest figure before investing.

Is PPF maturity tax free?

Yes. PPF is in the exempt-exempt-exempt category: your deposits, the interest earned and the maturity amount are all free of income tax.

What is the maximum I can invest in PPF?

₹1,50,000 per financial year, with a minimum of ₹500. Deposits above the limit earn no interest and are not eligible for deduction.

Can I withdraw from PPF before 15 years?

Partial withdrawals are allowed from the seventh year, and loans from the third to sixth year. Full maturity is after 15 years, extendable in five-year blocks.

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