PPF Calculator
The Public Provident Fund (PPF) is a long-term savings scheme backed by the Government of India. The account has a 15-year lock-in that can be extended in blocks of five years, and the interest rate is set by the government and reviewed periodically.
PPF Calculator
Example values are shown to start with. Change them to your own numbers. Everything is calculated in your browser.
This calculator estimates the balance at the end of a number of years if you deposit the same amount every year. Because the real PPF interest depends on the exact dates of your deposits, the result is an estimate. Always confirm the current rate and rules with the official sources listed below.
Worked example
With the starting values below, the calculator gives the results in the second table.
| Yearly deposit | ₹1,50,000 |
|---|---|
| Interest rate | 7.1% |
| Years | 15 |
| Maturity value | ₹40,68,209.22 |
|---|---|
| Total deposited | ₹22,50,000.00 |
| Interest earned | ₹18,18,209.22 |
How to use this calculator
- Enter the amount you plan to deposit each year.
- Enter the current PPF interest rate. The default is only an example: check the latest rate.
- Enter the number of years, 15 for the standard tenure.
- Read the maturity value, total deposited and interest earned.
Formula
- D is the yearly deposit.
- i is the annual interest rate as a decimal.
- n is the number of years.
- The (1 + i) factor assumes each yearly deposit is made at the start of the year.
Assumptions
- The same deposit is made at the start of every year and the rate does not change.
- Interest is compounded once a year.
Limitations
- PPF interest is calculated monthly on the lowest balance between the 5th and the last day of the month and credited at the end of the financial year, so deposit dates matter.
- The government can change the interest rate, the deposit limit and other rules. This page does not track them.
- Loans and partial withdrawals from the account are not included.
Frequently asked questions
How is PPF interest calculated?
Interest is worked out every month on the lowest balance in the account between the 5th and the end of that month, and it is credited once a year. This calculator simplifies that to yearly compounding.
How long is the PPF lock-in?
The standard maturity is 15 years, and the account can be extended in blocks of five years. Check the current scheme rules for the conditions.
What is the yearly deposit limit?
The scheme sets a minimum and a maximum yearly deposit. Check the current limits with the official sources before you plan your deposits.
Is the PPF interest rate fixed?
No. The rate is set by the government and reviewed periodically. The rate in the calculator is an editable example.
Related calculators
- FD CalculatorMaturity amount and interest on a fixed deposit.
- RD CalculatorMaturity amount of a recurring deposit with monthly instalments.
- Compound Interest CalculatorGrowth of savings with regular monthly contributions.
Sources and method
The simplified model is the future value of an annuity due with yearly compounding. See how our calculators work.
Results are estimates for planning only and are not financial, tax or legal advice. Rates, rules and your own circumstances can change the outcome. Read our disclaimer.