Skip to content
Toolspire

Calculators

PPF Calculator

PPF Calculator is part of Toolspire and is ready as soon as this page loads. Work out what your Public Provident Fund account will hold after 15 years or more, how much of it is tax-free interest, and what to deposit to reach a target.

Runs in this tabFreeNo account

On this page

What you can do here

Scheme-accurate interest

Follows the 5th-of-the-month rule and yearly crediting rather than a rough formula.

Yearly or monthly

Compare a lump sum every April with a monthly instalment.

Extensions

See the effect of extending for 5, 10 or 15 more years.

Deposit for a goal

Find the yearly or monthly deposit for the amount you want.

Limit checks

Warns when a deposit is above ₹1.5 lakh or below ₹500 a year.

Private

Everything is calculated in this tab.

The sequence

How to calculate PPF maturity

  1. 1

    Choose how you deposit

    Pick Once a year or Every month.

  2. 2

    Enter the deposit

    Type the amount — up to ₹1,50,000 a year in total.

  3. 3

    Check the rate and period

    The rate starts at 7.1%; the period is 15 years unless you plan to extend.

  4. 4

    Read the result

    See the maturity amount, the interest earned and a statement for every year.

Worth knowing

  • PPF Calculator on Toolspire: calculates PPF maturity and interest the way the scheme works: interest on the lowest balance between the 5th and the end of each month, credited once a year.
  • ₹1,50,000 a year for 15 years at 7.1% grows to ₹40,68,209 — ₹22.5 lakh deposited and ₹18.18 lakh of tax-free interest.
  • Handles yearly deposits (by 5 April) and monthly deposits (by the 5th): ₹12,500 a month gives about ₹39.45 lakh, a little less because later instalments earn for fewer months.
  • Models extensions in 5-year blocks to 20, 25 or 30 years, with or without further deposits — 25 years of full deposits crosses ₹1.03 crore.
  • Applies the scheme limits (₹500 to ₹1,50,000 a year) and has a goal mode for the deposit needed to reach a target.
  • Year-by-year chart and statement, downloadable as CSV. The rate is editable, because the government reviews it every quarter.

PPF rules in brief

  • Deposit: at least ₹500 and at most ₹1,50,000 in a financial year, in one go or in instalments.
  • Interest: set by the government each quarter (7.1% since April 2020), calculated monthly on the lowest balance between the 5th and the month end, and credited on 31 March.
  • Term: the account matures 15 full financial years after the year it is opened, and can be extended 5 years at a time.
  • Tax: deposits qualify for a deduction under the old tax regime, and the interest and the maturity amount are tax-free.
  • Access: loans from the 3rd to the 6th financial year; one partial withdrawal a year from the 7th.

Why the 5th of the month matters

Interest for a month is paid on the lowest balance between the 5th and the last day. Money deposited on or before the 5th counts for that month; money deposited on the 6th earns nothing until the next month. Depositing the whole year’s amount by 5 April earns interest for all twelve months, which is why a yearly lump sum beats twelve instalments.

Maturity for common deposits (15 years, 7.1%)

DepositTotal depositedMaturity amount
₹1,000 a month₹1,80,000₹3,15,568
₹5,000 a month₹9,00,000₹15,77,840
₹50,000 a year₹7,50,000₹13,56,070
₹12,500 a month₹22,50,000₹39,44,599
₹1,50,000 a year₹22,50,000₹40,68,209

FAQ

Questions about PPF Calculator

Where does PPF Calculator run?

PPF Calculator runs in this tab on Toolspire. What you type or drop in is not sent to us and is not stored on a server.

How much will I get from PPF after 15 years?

With the maximum ₹1,50,000 a year at 7.1%, ₹40,68,209. With ₹5,000 a month, about ₹15.78 lakh. Enter your own deposit to see your figure.

What is the current PPF interest rate?

It has been 7.1% a year since April 2020. The government reviews small-savings rates every quarter, so check the latest announcement and change the rate in the calculator if it has moved.

Is it better to deposit yearly or monthly?

A single deposit by 5 April earns the most, because the whole amount earns interest for the full year. Monthly deposits are easier on cash flow and give slightly less — about ₹1.24 lakh less over 15 years on the maximum deposit.

Can I continue PPF after 15 years?

Yes, in blocks of 5 years, either with fresh deposits or without. Pick 20, 25 or 30 years and use the switch to compare both ways.

Is PPF interest taxable?

No. The interest and the maturity amount are tax-free, which makes 7.1% from PPF worth more than the same rate from a fixed deposit for most taxpayers.

Is my data stored?

No. The calculation runs in this tab and nothing is sent anywhere.

Keep going

Related tools

SIP CalculatorNewSIP Calculator on Toolspire: Calculate SIP returns for any monthly investment, rate and period — with yearly step-up, a lump sum, inflation.CalculatorsFD CalculatorNewFD Calculator on Toolspire: Calculate FD maturity and interest with quarterly compounding, monthly or quarterly payouts, senior citizen rates, tax and TDS.CalculatorsRD CalculatorNewRD Calculator on Toolspire: Calculate RD maturity amount and interest for any monthly deposit, rate and tenure.CalculatorsEMI CalculatorNewEMI Calculator on Toolspire. Calculate your loan EMI, total interest and full repayment schedule instantly. See yearly charts.CalculatorsAge CalculatorNewAge Calculator on Toolspire. Calculate your exact age in years, months and days, the next birthday countdown and age on any date.CalculatorsBMI CalculatorNewBMI Calculator on Toolspire: Enter height in feet or cm and weight in kg or lb to see your BMI, WHO or Asian (Indian) category and healthy weight range.Calculators

Open the full directory

Last updated Report a problem or suggest a feature