PPF Calculator (Public Provident Fund)
Free online PPF calculator. Calculate 15-year Public Provident Fund maturity value, government interest, and Section 80C tax-free savings with ATS.
Key takeaways
- PPF enjoys EEE (Exempt-Exempt-Exempt) tax status: investment, interest, and maturity are 100% tax-free.
- Maximum statutory investment is ₹1,50,000 per financial year under Section 80C; minimum is ₹500.
- Current Government of India interest rate is 7.1% p.a., compounded annually.
- Mandatory 15-year lock-in period, extendable indefinitely in 5-year blocks.
About the PPF Calculator (Public Provident Fund)
The Public Provident Fund (PPF) is a premier long-term statutory savings scheme established by the Central Government of India to provide retirement security and tax savings for citizens. Backed entirely by sovereign guarantee, PPF offers complete capital safety with zero credit risk.
What makes PPF exceptionally lucrative is its EEE (Exempt-Exempt-Exempt) tax status under the Income Tax Act: contributions qualify for deduction under Section 80C (up to ₹1.5 lakh/year), the annual compounding interest is completely tax-free, and the entire maturity proceeds at 15 years are exempt from tax.
The ATS PPF Calculator models the full statutory 15-year lifecycle and extensions, computing your exact tax-free wealth accumulation.
| Feature | Scheme Rule | Important Note |
|---|---|---|
| Minimum Investment | ₹500 per financial year | Failure to deposit ₹500 deactivates the account |
| Maximum Investment | ₹1,50,000 per financial year | Deposits beyond ₹1.5L earn zero interest & no tax deduction |
| Current Interest Rate | 7.1% p.a. (Notified quarterly by Ministry of Finance) | Compounded annually at financial year end |
| Deposit Date Tip | Deposit on or before 5th of each month | Interest is calculated on the lowest balance between 5th and end of month |
| Lock-in & Extensions | 15 Years mandatory lock-in | Can be extended in 5-year blocks with or without fresh contributions |
Worked example (15 Years at 7.1% p.a.)
- Annual contribution = ₹1,50,000 deposited before April 5th each year.
- Total investment over 15 years = 15 × ₹1,50,000 = ₹22,50,000.
- Total tax-free interest earned = ₹18,18,209.
- Final 15-year maturity payout = ₹40,68,209 (100% tax-exempt).
Frequently Asked Questions
What is a PPF calculator?
A PPF calculator is a free financial tool that calculates the maturity amount, total contributions, and tax-free interest earned over the 15-year tenure of a Public Provident Fund account.
What is the current PPF interest rate in India?
The PPF interest rate is notified quarterly by the Ministry of Finance. It is currently 7.1% per annum, compounded annually.
What is the maximum amount I can invest in PPF per year?
The statutory limit is ₹1,50,000 per financial year across all PPF accounts held by an individual. Any deposit exceeding ₹1.5 lakh does not earn interest and is ineligible for Section 80C deduction.
What does EEE tax status mean?
EEE stands for Exempt-Exempt-Exempt: (1) Investment is deductible under Section 80C, (2) Interest earned each year is exempt from income tax, and (3) The entire maturity withdrawal is completely tax-free.
When should I deposit money in PPF to get maximum interest?
Always deposit on or before the 5th of every month. Interest is calculated on the minimum balance maintained between the 5th day and the last day of each month.
Can I extend my PPF account after 15 years?
Yes. After 15 years, you can extend your PPF account indefinitely in blocks of 5 years, either with continued contributions or without making fresh deposits.