PPF Calculator
Calculate your Public Provident Fund returns with current interest rates and tax benefits
Calculate PPF Returns
Annual limit: ₹500 - ₹1,50,000
Current rate: 7.1% per annum (as of 2024)
Minimum tenure: 15 years (extendable in 5-year blocks)
Optional: For inflation-adjusted returns (use 0% to disable)
Investment Analysis
Example Calculation
Maximum Annual Investment
Annual Deposit: ₹1,50,000
Interest Rate: 7.1% per annum
Tenure: 15 years
Total Investment: ₹22,50,000
Returns Calculation
FV = ₹1,50,000 × [((1+0.071)^15 - 1) / 0.071] × (1+0.071)
FV = ₹1,50,000 × 25.129 × 1.071
Maturity Value = ₹40,39,517
Interest Earned = ₹17,89,517
Effective Return = 79.5%
PPF Key Features
Tax Benefits
Triple tax benefit
EEE (Exempt-Exempt-Exempt)
Safe Investment
Government guaranteed
No market risk
Long-term Wealth
15-year lock-in
Disciplined investing
Investment Limits
Maximum Limit
₹1,50,000 per annum
Minimum Limit
₹500 per annum
Lock-in Period
15 years mandatory
PPF Tips
Deposit before 5th of month for maximum interest
Start deposits in April for full year interest
Partial withdrawal allowed after 5 years
Loan facility available from 2nd to 6th year
Only one PPF account per individual allowed
Understanding Public Provident Fund (PPF)
What is PPF?
Public Provident Fund (PPF) is a government-backed savings scheme introduced in 1968 to encourage small investors to make long-term investments. It offers attractive interest rates with complete tax exemption under the EEE (Exempt-Exempt-Exempt) category.
Key Benefits
- •Triple tax benefit: Investment, interest, and maturity are tax-free
- •Government-guaranteed returns with no market risk
- •Attractive interest rates (currently 7.1% per annum)
- •Loan and partial withdrawal facilities available
How PPF Returns are Calculated
FV = P × [((1+r)^n - 1) / r] × (1+r)
- FV: Future Value (Maturity Amount)
- P: Annual deposit amount
- r: Annual interest rate (as decimal)
- n: Number of years
Note: PPF uses annuity due formula as deposits are typically made at the beginning of each period for maximum interest benefit.
Who Can Invest?
- •Any Indian citizen (resident or NRI with existing account)
- •Guardian can open account for minor child
- •Only one PPF account per individual allowed
- ✗Joint accounts are not permitted
Important Rules
- ⚠️Minimum ₹500 annual deposit to keep account active
- ⚠️Penalty of ₹50 per year for discontinued accounts
- ✓Account can be extended in 5-year blocks after 15 years
- ✓Interest calculated on lowest balance between 5th and end of month