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Finance & Investment · Government Schemes

PPF Calculator

Project your Public Provident Fund (PPF) balance: maturity value after 15 years, the effect of extending in 5-year blocks with or without fresh deposits, and why depositing before 5 April each year earns more.

Your inputs

Quick start — try a typical case

₹ 1.5 lakh

₹500 to ₹1,50,000 per financial year.

%

Current rate: 7.1 % — Oct–Dec 2026 quarter (unchanged for 10 quarters), checked 10 Oct 2026. The government reviews it every quarter.

Off = extend without deposits; the balance keeps earning interest.

Your result Live

PPF Balance after 15 Years

₹40,68,209

₹22,50,000 deposited + ₹18,18,209 tax-free interest

Total Deposited
₹22,50,000
Total Interest Earned
₹18,18,209
Money Multiplied
1.81×
Taxable Return Needed to Match (30 % slab)
10.14%
  • Deposits · 55%₹22,50,000
  • Interest · 45%₹18,18,209
Balance by year

Year-by-year (financial years)

15 rows
YearDepositInterestClosing balance
1₹1,50,000₹10,650₹1,60,650
2₹1,50,000₹22,056₹3,32,706
3₹1,50,000₹34,272₹5,16,978
4₹1,50,000₹47,355₹7,14,334
5₹1,50,000₹61,368₹9,25,701
6₹1,50,000₹76,375₹11,52,076
7₹1,50,000₹92,447₹13,94,524
8₹1,50,000₹1,09,661₹16,54,185
9₹1,50,000₹1,28,097₹19,32,282
10₹1,50,000₹1,47,842₹22,30,124
11₹1,50,000₹1,68,989₹25,49,113
12₹1,50,000₹1,91,637₹28,90,750

An estimate from the assumptions you entered, not a guaranteed outcome.

How this is calculated

Balanceₙ = Balanceₙ₋₁ × (1 + r) + Deposit × (1 + r × m ÷ 12)

r
Annual PPF rate (interest credited on 31 March)
m
Months the year's deposit earns: 12 if made by 5 April

PPF interest is calculated each month on the lowest balance between the 5th and the end of the month and credited once a year, so the year's deposit only earns for the months it was in the account by the 5th. Depositing the full amount by 5 April therefore earns the most. The account matures after 15 full financial years and can be extended in 5-year blocks, with or without fresh deposits; interest and maturity are tax-free (EEE).

Assumptions & sources

  • Rate: 7.1 % — Oct–Dec 2026 quarter (unchanged for 10 quarters), checked 10 Oct 2026. Future quarterly revisions will change the result.
  • One deposit a year at the chosen time; 15 deposit years are counted for the 15-year term (the account technically matures 15 full financial years after the year it was opened).
  • No loans or partial withdrawals are taken from the account.
  1. 1Interest rates for small savings schemes (quarterly notification) — Ministry of Finance, Department of Economic Affairs. Also published by India Post and the National Savings Institute.
  2. 2Public Provident Fund Scheme, 2019 — Ministry of Finance (Gazette notification)

Calculator ID FIN-IN-PPF-001 · version 1.0.0

Common questions

What is the current PPF interest rate?

7.1 % — Oct–Dec 2026 quarter (unchanged for 10 quarters), checked 10 Oct 2026. The Finance Ministry reviews it every quarter.

Why deposit before 5 April?

Interest for a month is calculated on the lowest balance between the 5th and the month-end. Money deposited by 5 April counts for all 12 months of the financial year; deposited in March it earns nothing that year.

Can I extend PPF after 15 years?

Yes, in blocks of 5 years, any number of times — with fresh deposits (apply within a year of maturity) or without deposits, in which case the balance simply keeps earning interest.

Is PPF interest taxable?

No. Deposits qualify for Section 80C under the old tax regime, and the interest and maturity amount are tax-free.