PPF Calculator
Year-by-year PPF growth, maturity, extensions, loans and withdrawals.
Interest and maturity are tax-free (Income-tax Act, 2025, Schedule II, serial 3). Deposits count towards the ₹1.5 lakh section 123 deduction in the old regime only.
Balance at the end of each year
Year by year
How this was calculated
Results are estimates for general information and planning, not financial advice. Banks and institutions may calculate differently (rounding, fees, rate changes). Confirm figures with your lender or a qualified adviser before deciding.
About the PPF Calculator
The Public Provident Fund is a 15-year government savings account with tax-free interest. This calculator projects a PPF account the way the post office and banks run it: interest is worked out every month on the lowest balance after the 5th, credited once a year on 31 March, and the account matures 15 years after the end of the year you open it.
Enter a yearly or monthly deposit for a new account, or start from your passbook balance for an existing one. The year-wise table shows deposits, interest and balance, the loan you can take in years 3 to 6, the partial withdrawal allowed from year 7, and what happens if you extend the account in 5-year blocks with or without deposits.
How to use it
- Choose New account and the month you open it, or Existing account with the year you opened it and the balance on 31 March from your passbook.
- Choose yearly or monthly deposits, enter the amount (₹500 to ₹1,50,000 a year, in multiples of ₹50) and whether you pay on or before the 5th of the month.
- Keep the rate at 7.1% or enter the current rate, and choose whether to extend the account after maturity.
- Read the maturity value and the year-wise table with loan and withdrawal limits, then copy the summary or download the table as CSV.
Examples
Maturity value ₹45,17,702 on 1 April 2042 · deposited ₹24,00,000 · interest ₹21,17,702 (tax-free)
The account runs from 2026-27 to 2041-42 — 16 financial years, so 16 deposits.
Maturity value ₹45,02,803 on 1 April 2042 — the first deposit earns only six months of interest in year 1
First-year interest ₹5,769, against ₹4,881 if each deposit is made after the 5th
₹89,70,410 on 1 April 2052
The PPF rules this calculator follows
From the Public Provident Fund Scheme, 2019:
- Deposits (paras 4–5): at least ₹500 and at most ₹1,50,000 in a financial year, in multiples of ₹50, in one go or in instalments. The ₹1.5 lakh limit covers your own account and the accounts you hold for minors together. Joint accounts are not allowed.
- Interest (para 7): worked out for each month on the lowest balance between the close of the 5th day and the end of the month, and credited at the end of the financial year. A deposit made by the 5th earns interest for that month; one made on the 6th starts earning next month. A yearly deposit made by 5 April earns interest for all 12 months.
- Maturity (para 11): 15 years after the end of the financial year in which you opened the account. Opening in April 2026 means maturity on 1 April 2042 — the opening year plus 15 full years, so you can deposit in 16 financial years.
- Missed years (para 6): if you skip the ₹500 minimum, the account is treated as discontinued. It keeps earning interest, but loans and withdrawals stop until you revive it by paying a ₹50 fee and the missed ₹500 minimum for each year of default.
The interest rate
PPF has paid 7.1% a year since 1 April 2020 (para 7(1A) of the scheme, and every quarter of the NSI rate table up to July–September 2026). The government reviews small-savings rates every quarter. Unlike a fixed deposit, the PPF rate applies to the whole balance, so a change affects money already in the account. The projection assumes the rate you enter stays the same.
Loans and partial withdrawals
- Loan (paras 8–9): from the 3rd to the 6th financial year, up to 25% of the balance at the end of the second year before the year you apply — in year 3, 25% of the year-1 balance. Repay the principal within 36 months; interest is then 1% a year (6% if not repaid in time). One loan at a time.
- Partial withdrawal (para 10): once a year from the 7th financial year, up to 50% of the lower of the balance at the end of the 4th year before and at the end of the previous year. Any loan must be repaid first.
- Premature closure (para 13): after 5 years, only for life-threatening illness of you or your family, higher education, or a change of residency status — and interest is then recalculated at 1% less for the whole period.
Extending the account after 15 years
At maturity you can close the account, keep it without deposits for as long as you like (it keeps earning interest and you can withdraw any amount once a year), or extend it with deposits in blocks of 5 years by submitting Form 4 within one year of maturity (para 12). In a block with deposits, total withdrawals are capped at 60% of the balance at the start of the block. Once you keep the account without deposits for more than a year, you cannot switch back to deposits.
Tax: deposits, interest and maturity
Under the Income-tax Act, 2025:
- Deposits count towards the ₹1,50,000 deduction in section 123 (Schedule XV, item (e)), together with EPF, life insurance and similar items. This deduction exists only in the old regime; the default new regime under section 202 does not allow it.
- Interest and maturity are exempt under Schedule II, serial 3. Its exception — interest on contributions above ₹5 lakh a year where no employer contributes — cannot apply to PPF, because a year’s deposits are capped at ₹1.5 lakh.
- A PPF balance cannot be attached by a court for your debts (para 15).
Limitations
- Assumes the same deposit every year and one interest rate for the whole projection; PPF rates are reviewed every quarter.
- Yearly deposits are assumed in the month you choose; monthly deposits every month. Real deposit dates may differ.
- Interest is calculated in paise and shown in rupees; your passbook may differ by a rupee or so because of rounding.
- Loans, withdrawals and premature closure are shown as limits, not deducted from the projection.
- For existing accounts, loan and withdrawal limits that depend on balances before your starting year are not shown.
Privacy
Everything happens in your browser. What you enter or open here is not uploaded or stored by MySmartCoPilot.
Frequently asked questions
What is the PPF interest rate now?
7.1% a year, compounded yearly. It has not changed since 1 April 2020, and the NSI table lists 7.1% for July–September 2026. Check the current quarter’s rate before you rely on a projection.
When should I deposit in PPF to earn the most interest?
On or before the 5th of the month, because interest is calculated on the lowest balance after the 5th. For a once-a-year deposit, 5 April is best: the money earns interest for the whole financial year.
For how many years do I deposit in PPF?
Until the account matures, 15 years after the end of the financial year in which you opened it. If you open it in April, that is the opening year plus 15 full years — 16 yearly deposits.
Can I withdraw money from PPF before 15 years?
From the 7th financial year you can make one partial withdrawal a year (up to 50% of an earlier balance). From the 3rd to the 6th year you can take a loan of up to 25%. Full closure before maturity is allowed only after 5 years and for specific reasons such as medical treatment or higher education.
Is PPF interest taxable?
No. PPF interest and the maturity amount are exempt under Schedule II of the Income-tax Act, 2025. Deposits also qualify for the section 123 deduction, but only in the old tax regime.
What happens to my PPF account after 15 years?
You can close it, keep it without deposits (it keeps earning interest), or extend it with deposits for 5 years at a time by applying within a year of maturity.