PPF Calculator
Calculate Public Provident Fund maturity with year-by-year breakup
✓ Current PPF Rate: 7.1% p.a. (Q1 FY 2024-25)
Year-wise PPF Breakup
| Year | Opening Balance | Deposited | Interest | Closing Balance |
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What is PPF?
Public Provident Fund (PPF) is a long-term savings scheme backed by the Government of India. It offers tax-free returns and is one of the most popular tax-saving instruments under Section 80C. The current interest rate is 7.1% per annum, compounded annually.
PPF has a lock-in period of 15 years, after which it can be extended in blocks of 5 years. The minimum annual deposit is ₹500 and the maximum is ₹1.5 lakh.
PPF Tax Benefits (EEE Status)
PPF enjoys Triple Tax Exemption (EEE): Exempt at investment — deposits up to ₹1.5L deductible under 80C. Exempt at growth — interest earned is tax-free. Exempt at maturity — maturity amount is completely tax-free.
Frequently Asked Questions
Can I withdraw from PPF before 15 years?
Partial withdrawal is allowed from the 7th year onwards (up to 50% of balance at end of 4th preceding year). Full premature closure is allowed after 5 years only in specific cases like serious illness or higher education.
What is the best time to deposit in PPF?
Deposit before the 5th of each month to earn interest for that month. Ideally deposit in April (start of financial year) to maximize yearly interest. PPF interest is calculated on the minimum balance between 5th and last day of each month.
Can I take a loan against PPF?
Yes, you can take a loan against PPF from the 3rd to 6th financial year. The loan amount can be up to 25% of the balance at the end of the 2nd preceding year. Loan interest rate is 1% more than PPF interest rate.
Is PPF better than FD?
PPF is better for long-term goals due to its EEE tax status — FD interest is fully taxable. However, FD offers more liquidity and flexibility. For a 30% tax bracket investor, effective FD rate of 7% becomes ~4.9% post-tax, while PPF at 7.1% is fully tax-free.