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PPF Calculator
Fifteen-year maturity value of a Public Provident Fund account, with the year-by-year balance.
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PPF is exempt at every stage — the contribution, the interest and the maturity amount are all untaxed. Very few instruments in India still offer that.
The deposit date matters
Interest is calculated on the lowest balance between the 5th and the last day of each month. Depositing on the 4th earns a full month's interest; depositing on the 6th earns none for that month. Over fifteen years, a lump sum deposited before 5 April each year is meaningfully ahead of one deposited in March.
Limits and liquidity
₹1.5 lakh per person per year across all PPF accounts, including one opened for a minor. Partial withdrawal is allowed from the seventh year and a loan against the balance from the third. The account matures at fifteen years and can be extended in five-year blocks, with or without further contributions.
Where it fits
As the stable, guaranteed portion of a long-horizon portfolio, and as 80C under the old regime. At the 30% slab its tax-free return is equivalent to a taxable deposit paying over 10%.
Frequently asked questions
What is the current PPF interest rate?
7.1% a year at the time of writing, reviewed quarterly by the government. Interest is compounded annually and credited at the end of each financial year.
When should I deposit to earn maximum interest?
Before the 5th of the month, because interest is calculated on the lowest balance between the 5th and the end of the month. A lump sum deposited before 5 April each year earns a full year's interest; the same sum in March earns almost none.
Can I withdraw before 15 years?
Partial withdrawal is allowed from the seventh year, limited to 50% of the balance at the end of the fourth preceding year. A loan against the balance is available between years three and six.
Is PPF interest taxable?
No. PPF is exempt at all three stages — contribution, interest and maturity. At the 30% slab, its 7.1% tax-free return is equivalent to a taxable deposit paying over 10%.
Can I open more than one PPF account?
No. One account per person, plus one you may operate for a minor child, and the ₹1.5 lakh annual ceiling applies across all of them together.