Calculate your Public Provident Fund (PPF) returns, maturity amount, and interest earned with our free online PPF Calculator.
* Enforces statutory Sec 80C ceiling of ₹1,50,000 per financial year.
* Current government set interest rate is 7.10% (compounded annually).
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The Public Provident Fund (PPF) is a popular long-term savings scheme offered by the Government of India. It offers tax-free returns and is widely used for retirement planning.
Enter your yearly investment amount and the current interest rate. By default, the tenure is 15 years, but you can extend it to see the compounding magic over longer periods!
PPF interest is compounded annually. If you invest the same amount every year, the maturity value is calculated by compounding each yearly deposit until the end of the account tenure.
For a regular yearly contribution, the broad formula is:
Maturity Value = Annual Investment x [((1 + r)^n - 1) / r]
Where:
The actual credited interest can vary slightly depending on deposit timing. Deposits made before the 5th of a month usually earn interest for that month, so investors who want maximum interest often deposit early in the financial year or before the 5th of each month.
PPF is widely used because it combines sovereign backing, tax benefits, and long-term compounding. It is especially useful for conservative investors who want a predictable retirement or child education corpus without taking equity market risk.
The EEE tax status is the biggest attraction. Your eligible contribution can qualify for Section 80C deduction, the yearly interest is tax-free, and the maturity amount is also tax-free under current rules.
| Feature | PPF | Bank FD | ELSS Mutual Fund |
|---|---|---|---|
| Risk | Low | Low | Market-linked |
| Lock-in | 15 years | Flexible, 5 years for tax saver FD | 3 years |
| Tax on returns | Tax-free | Taxable | Tax depends on equity tax rules |
| Return type | Government-notified rate | Fixed bank rate | Equity market return |
| Best suited for | Long-term safe corpus | Short/medium-term fixed return | Long-term wealth creation |
PPF is not designed for high returns. It is designed for stability, tax efficiency, and disciplined long-term savings.
No. Under current rules, the maturity amount from PPF is tax-free.
You should not deposit more than the permitted annual limit. Contributions above the eligible limit do not receive the same benefit and may not earn interest as expected.
Partial withdrawals are allowed after specified years, subject to rules. Full maturity normally happens after 15 years.
PPF can be better for long-term tax-free savings, while FD is better for shorter-term liquidity and known maturity dates.
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