Public Provident Fund (PPF) Calculator
Calculate maturity value, yearly interest, and long-term tax-free wealth in India's sovereign 15-year PPF scheme.
Total Deposited: ₹22,50,000 • Tax-Free Interest: ₹18,18,209
How to Use the PPF Calculator
Enter Yearly Contribution
Input how much you plan to deposit each year (e.g., ₹1,50,000).
Set Interest Rate
Current government rate is 7.1% (adjustable as notified).
View 15-Year Wealth
See your total 15-year deposits, total interest, and final tax-free maturity value.
PPF enjoys Exemplary Exempt-Exempt-Exempt (EEE) status in India: contributions qualify for Section 80C deductions, annual interest earned is 100% tax-free, and maturity proceeds are completely exempt from income tax.
Complete Guide to PPF 15-Year Scheme, EEE Tax Status & Compounding Rules
The Public Provident Fund (PPF) is one of India's premier government-backed long-term savings schemes, introduced in 1968 to mobilize small savings while providing retirement security. It offers complete capital safety backed by a sovereign government guarantee, combined with attractive tax-free compound interest.
PPF belongs to the rare "EEE" (Exempt-Exempt-Exempt) tax category under Indian tax laws: your initial annual investment up to ₹1.5 Lakh is deductible under Section 80C (Old Tax Regime), the annual interest credited is completely exempt from income tax, and the entire lump-sum maturity corpus withdrawn after 15 years is 100% tax-free.
A crucial timing rule governs PPF interest calculation: interest is computed on the lowest balance maintained in your account between the close of the 5th day and the last day of each calendar month. Therefore, depositing your annual contribution between April 1st and April 5th maximizes interest earned for the entire financial year.
Public Provident Fund (PPF) Official Scheme Guidelines
| Parameter / Concept | Formula or Rule | Practical Example |
|---|---|---|
| Current Interest Rate | 7.1% p.a. (Compounded Annually) | Reviewed quarterly by Ministry of Finance |
| Annual Investment Limits | Min: ₹500 | Max: ₹1,50,000 per financial year | Can be deposited in lump sum or installments |
| Mandatory Scheme Tenure | 15 Financial Years | Can be extended in blocks of 5 years indefinitely |
| Tax Status | EEE (Triple Tax Exemption) | 100% tax-free interest and maturity |
| Loan & Partial Withdrawal | Loan from 3rd to 6th yr; partial withdrawal from 7th yr | Subject to scheme balance caps |
Practical Tips & Common Traps to Avoid
Interest is calculated on the minimum balance between the 5th and the end of each month. Always transfer funds by the 5th.
Depositing the full ₹1.5 Lakh limit between April 1st and 5th earns you compound interest for all 12 full months.
After completing 15 years, you can extend your PPF in 5-year blocks to let your accumulated corpus compound tax-free.
Frequently Asked Questions
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