PPF Calculator 2026 — Public Provident Fund Maturity
Calculate your PPF maturity amount at the current 7.1% rate with a full year-by-year breakdown. See exactly how much tax-free interest you earn and how deposit timing changes the outcome.
₹1.50 Lakh — max allowed is ₹1.5 lakh per year
Minimum lock-in is 15 years
Current government rate
💡 Depositing the full amount before 5th April instead of monthly earns you an extra ₹1.24 Lakh over 15 years.
Maturity Amount (tax-free)
₹40.68 Lakh
After 15 years at 7.1% per annum
You Invested
₹22.50 Lakh
Interest Earned
₹18.18 Lakh
Growth Multiple
1.81×
Tax-free advantage
Because PPF interest is completely tax-free, its 7.1% is equivalent to a taxable deposit paying 10.14% for someone in the 30% tax bracket, or 8.87% in the 20% bracket.
Year-by-year PPF growth
| Year | Opening | Deposit | Interest | Closing |
|---|---|---|---|---|
| 1 | ₹0 | ₹1,50,000 | ₹10,650 | ₹1,60,650 |
| 2 | ₹1,60,650 | ₹1,50,000 | ₹22,056 | ₹3,32,706 |
| 3 | ₹3,32,706 | ₹1,50,000 | ₹34,272 | ₹5,16,978 |
| 4 | ₹5,16,978 | ₹1,50,000 | ₹47,355 | ₹7,14,334 |
| 5 | ₹7,14,334 | ₹1,50,000 | ₹61,368 | ₹9,25,701 |
| 6 | ₹9,25,701 | ₹1,50,000 | ₹76,375 | ₹11,52,076 |
| 7 | ₹11,52,076 | ₹1,50,000 | ₹92,447 | ₹13,94,524 |
| 8 | ₹13,94,524 | ₹1,50,000 | ₹1,09,661 | ₹16,54,185 |
| 9 | ₹16,54,185 | ₹1,50,000 | ₹1,28,097 | ₹19,32,282 |
| 10 | ₹19,32,282 | ₹1,50,000 | ₹1,47,842 | ₹22,30,124 |
| 11 | ₹22,30,124 | ₹1,50,000 | ₹1,68,989 | ₹25,49,113 |
| 12 | ₹25,49,113 | ₹1,50,000 | ₹1,91,637 | ₹28,90,750 |
| 13 | ₹28,90,750 | ₹1,50,000 | ₹2,15,893 | ₹32,56,643 |
| 14 | ₹32,56,643 | ₹1,50,000 | ₹2,41,872 | ₹36,48,515 |
| 15 | ₹36,48,515 | ₹1,50,000 | ₹2,69,695 | ₹40,68,209 |
Assumes the rate stays constant. PPF rates are revised quarterly by the Ministry of Finance, so actual maturity will differ if rates change.
What is PPF?
The Public Provident Fund is a government-backed savings scheme with a 15-year lock-in, currently paying 7.1% per annum compounded yearly. It is one of the very few Indian instruments with full EEE status: the deposit is deductible under Section 80C (old regime), the interest is tax-free, and the maturity is tax-free.
PPF rules you should know
- Minimum deposit ₹500 per year, maximum ₹1.5 lakh
- Only one account per person is allowed
- Lock-in of 15 financial years, extendable in 5-year blocks
- Partial withdrawal permitted from the 7th year
- Loan facility available between years 3 and 6
- A lapsed account is revived by paying ₹500 per missed year plus a ₹50 penalty
The April deposit trick
PPF interest is calculated on the lowest balance between the 5th and the last day of each month. Deposit your annual amount before 5 April and it earns interest for all twelve months. Deposit on 20 April and you lose a full month.
Over a 15-year term at the ₹1.5 lakh limit, the difference between an early-April lump sum and monthly instalments is well over ₹1.5 lakh. Toggle the deposit mode above to see your own figure.
PPF vs EPF vs NPS
- PPF — 7.1%, open to everyone, ₹1.5 lakh cap, fully tax-free, zero risk
- EPF — 8.25%, salaried employees only, employer matches your contribution, tax-free after 5 years of service
- NPS — market-linked, historically 9-12%, open to ages 18-70, 60% of the corpus is tax-free at exit while 40% must buy an annuity that is taxable
Most Indian investors benefit from holding all three: EPF automatically through salary, PPF for guaranteed tax-free debt, and NPS or equity mutual funds for growth.
Frequently Asked Questions
What is the current PPF interest rate?
PPF pays 7.1% per annum, unchanged for the July-September 2026 quarter. The Ministry of Finance reviews the rate every quarter based on government security yields, but it has stayed at 7.1% since January 2023.
How much will ₹1.5 lakh per year in PPF grow to in 15 years?
Depositing the full ₹1.5 lakh limit every year for 15 years at 7.1% gives a maturity of roughly ₹40.68 lakh, of which ₹22.5 lakh is your own deposit and about ₹18.18 lakh is tax-free interest.
Is PPF interest really tax-free?
Yes. PPF has EEE (Exempt-Exempt-Exempt) status — the deposit qualifies for Section 80C deduction under the old regime, the annual interest is tax-free, and the maturity amount is tax-free. This makes its 7.1% equivalent to roughly 10.2% pre-tax for someone in the 30% bracket.
When should I deposit to earn maximum PPF interest?
Deposit before the 5th of April. PPF interest is calculated on the lowest balance between the 5th and the last day of each month, so a lump sum deposited in early April earns interest for all 12 months. Spreading the same amount monthly earns noticeably less — compare both modes above.
Can I withdraw from PPF before 15 years?
Partial withdrawal is allowed from the 7th financial year onwards, capped at the lower of 50% of the balance at the end of the 4th preceding year or the previous year's balance. A loan facility is available between years 3 and 6.
What happens after the 15-year PPF maturity?
You can withdraw the whole amount tax-free, or extend in blocks of 5 years indefinitely. If you extend with contributions, both old and new deposits keep earning interest. If you extend without contributions, the balance still earns the full rate.
Is PPF better than ELSS or FD?
PPF is zero-risk and tax-free but capped at ₹1.5 lakh a year with a 15-year lock-in. ELSS has a 3-year lock-in and historically returns 12-15% but carries market risk. A tax-saving FD pays 6.5-7.5% and the interest is fully taxable. PPF suits the debt portion of a long-term portfolio.
Does PPF still make sense under the new tax regime?
The 80C deduction is not available in the new regime, so you lose the upfront benefit. However the interest and maturity remain completely tax-free, so PPF is still a strong risk-free debt option — just less compelling than it was under the old regime.
Related free calculators
Income Tax Calculator
See if the 80C deduction on PPF actually helps you.
FD & RD Calculator
Compare PPF against taxable fixed deposit returns.
SIP Calculator
Equity SIP for the growth part of your portfolio.
Compound Interest Calculator
Understand the maths behind PPF compounding.
Goal SIP Planner
Work out what monthly saving your goal needs.
EMI Calculator
Prepay a loan or invest in PPF? Compare both.