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About the PPF Calculator
The Public Provident Fund is a 15-year government-backed scheme with a sovereign guarantee and full tax exemption at every stage. The contribution qualifies under Section 80C, the interest accrues tax free, and the maturity is tax free.
For anyone in the 30% bracket, the effective yield is what makes it compelling: a tax-free 7.1% is equivalent to roughly 10.3% from a taxable fixed deposit. The trade-off is liquidity — partial withdrawals begin only from the seventh year.
The formula
Interest is credited on 31 March each year, calculated on the lowest balance between the 5th and the last day of each month.
Things worth knowing
Frequently asked questions
The government notifies it every quarter; it has been 7.1% for several years. The calculator lets you change the assumption to model different scenarios.
No. PPF carries exempt-exempt-exempt status — the deposit is deductible under 80C, the interest is tax free and the maturity amount is tax free.
Partial withdrawals are allowed from the seventh year, subject to limits, and loans against the balance from the third to the sixth year. Full premature closure is permitted only in specific cases such as serious illness or higher education.
₹1.5 lakh per financial year across all your PPF accounts. Deposits beyond that earn no interest and get no deduction.
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