PPF Calculator - Public Provident Fund
Calculate your PPF maturity amount at 7.1% interest rate. Free PPF calculator with detailed returns breakdown.
Note: Current PPF interest rate is fixed at 7.1% p.a.
How to Use
Enter yearly investment â Note 7.1% rate â Choose period â View returns
FAQ
What is Public Provident Fund (PPF)?
PPF is a long-term investment scheme backed by the Government of India. It offers guaranteed returns and excellent tax benefits, making it a popular choice for retirement planning and wealth creation.
What is the current PPF interest rate?
The PPF interest rate is declared by the government every quarter. Currently, it is typically around 7.1% per annum, compounded annually. The interest is calculated on the lowest balance between the 5th and the end of the month.
What is the PPF lock-in period?
A PPF account has a mandatory lock-in period of 15 years. The maturity period is calculated from the end of the financial year in which the account was opened.
Are partial withdrawals allowed in PPF?
Yes, partial withdrawals are allowed from the 7th financial year onwards. The maximum amount you can withdraw is 50% of the balance at the end of the 4th preceding year or the immediately preceding year, whichever is lower.
What are the tax benefits of PPF?
PPF enjoys EEE (Exempt-Exempt-Exempt) tax status. Contributions up to âš1.5 lakh per year are tax-deductible under Section 80C. The interest earned and the final maturity amount are also completely tax-free.
PPF vs FD - which is better for long term?
For long-term goals (15+ years), PPF is generally better than an FD because of its tax-free returns and sovereign guarantee. FD interest is taxable, which reduces the effective post-tax return significantly.
How does PPF account extension work?
After the initial 15-year maturity, you can extend your PPF account in blocks of 5 years indefinitely. You can choose to extend it with or without making further fresh contributions.
Can NRIs open a PPF account?
Non-Resident Indians (NRIs) cannot open a new PPF account. However, if a resident Indian opens an account and subsequently becomes an NRI, they can continue the account on a non-repatriation basis until its maturity.