What is a PPF Calculator?
The Public Provident Fund is a government-backed, EEE (exempt-exempt-exempt) savings scheme with a 15-year lock-in, extendable afterwards in blocks of 5 years. Interest is compounded annually on the yearly closing balance, and the rate is notified by the government every quarter — it has held at 7.1% for many consecutive quarters now.
You can deposit up to ₹1,50,000 a year, in up to 12 instalments, and the whole deposit qualifies for Section 80C deduction. This calculator compounds a fixed yearly deposit across your chosen tenure.
How PPF interest is calculated
In practice PPF interest is computed monthly on the lowest balance between the 5th and last day of the month, then credited once at year-end — which is why depositing before the 5th of a month (or as one lump sum early in the financial year) earns more than depositing late.
Frequently asked questions
What is the current PPF interest rate?
The rate has been notified at 7.1% per annum for Q2 FY 2026-27 (July–September 2026), compounded annually. It’s reviewed by the government every quarter, so check the latest notified rate before relying on this for long-range planning.
Can I withdraw before 15 years?
Partial withdrawal is allowed from the 7th financial year onward, subject to limits, and loans against the balance are available even earlier. Full withdrawal is only at maturity, or on extension.
What happens after 15 years?
You can withdraw the full balance, or extend the account in blocks of 5 years — with or without making further contributions — and it keeps earning interest either way.
Is PPF interest taxable?
No — PPF is an EEE instrument: the deposit, the interest earned, and the maturity amount are all tax-free, which is unusual even among government savings schemes.