PPF maturity
₹10,000 PPF per Month for 15 Years
₹10,000 every month in PPF builds roughly ₹31.56 lakh by the end of the 15-year lock-in, with no tax on maturity. You deposit ₹18.00 lakh over the 15 years and earn ₹13.56 lakh of interest on top — all of it exempt under the EEE regime.
Tax-free maturity after 15 years
₹31.56 lakh
₹18.00 lakh deposited + ₹13.56 lakh interest at 7.1%
Total deposited
₹18.00 lakh
Interest earned
₹13.56 lakh
Annual deposit
₹1,20,000
If extended to 20 years
₹51.65 lakh
If extended to 25 years
₹79.96 lakh
Equivalent taxable FD rate
10.1%
Want to change the numbers?
Open the PPF calculator and run your own amount, rate and tenure.
Year-wise PPF balance on ₹₹1,20,000 a year at 7.1%
| Year | Opening | Deposit | Interest | Closing |
|---|---|---|---|---|
| 1 | ₹0 | ₹1,20,000 | ₹4,615 | ₹1,24,615 |
| 2 | ₹1,24,615 | ₹1,20,000 | ₹13,463 | ₹2,58,078 |
| 3 | ₹2,58,078 | ₹1,20,000 | ₹22,939 | ₹4,01,016 |
| 4 | ₹4,01,016 | ₹1,20,000 | ₹33,087 | ₹5,54,103 |
| 5 | ₹5,54,103 | ₹1,20,000 | ₹43,956 | ₹7,18,060 |
| 6 | ₹7,18,060 | ₹1,20,000 | ₹55,597 | ₹8,93,657 |
| 7 | ₹8,93,657 | ₹1,20,000 | ₹68,065 | ₹10,81,722 |
| 8 | ₹10,81,722 | ₹1,20,000 | ₹81,417 | ₹12,83,139 |
| 9 | ₹12,83,139 | ₹1,20,000 | ₹95,718 | ₹14,98,857 |
| 10 | ₹14,98,857 | ₹1,20,000 | ₹1,11,034 | ₹17,29,890 |
| 11 | ₹17,29,890 | ₹1,20,000 | ₹1,27,437 | ₹19,77,328 |
| 12 | ₹19,77,328 | ₹1,20,000 | ₹1,45,005 | ₹22,42,333 |
| 13 | ₹22,42,333 | ₹1,20,000 | ₹1,63,821 | ₹25,26,154 |
| 14 | ₹25,26,154 | ₹1,20,000 | ₹1,83,972 | ₹28,30,125 |
| 15 | ₹28,30,125 | ₹1,20,000 | ₹2,05,554 | ₹31,55,679 |
What extending the account in 5-year blocks does
| Total tenure | Maturity | Extra interest vs 15 years |
|---|---|---|
| 15 years | ₹31,55,679 | — |
| 20 years | ₹51,64,784 | ₹20,09,105 |
| 25 years | ₹79,95,850 | ₹48,40,171 |
| 30 years | ₹1,19,85,155 | ₹88,29,476 |
Why 7.1% tax-free beats a 10% taxable return for some savers
PPF is EEE: the deposit qualifies for Section 80C (old regime), the interest is exempt, and the maturity is exempt. For a 30%-bracket taxpayer, a tax-free 7.1% is equivalent to a taxable instrument yielding 10.1% — more than any bank FD on offer.
It is also sovereign-backed, so the credit risk is nil. For the fixed-income portion of a long-term portfolio, that combination is hard to beat.
Deposit before the 5th of the month — it is free money
PPF interest is calculated on the lowest balance between the 5th and the last day of each month. A deposit made on the 6th earns nothing for that month. Moving your standing instruction to the 1st-4th costs nothing and adds interest every single month for 15 years.
Depositing the full ₹1.5 lakh before 5 April each year is the optimal pattern: it earns a full twelve months of interest instead of an average of six and a half.
Partial withdrawal and loan rules
PPF is not fully locked. From year 7 you may withdraw once a year, up to 50% of the balance at the end of year 4 or the preceding year, whichever is lower. From year 3 to year 6 you can take a loan against the balance at 1% above the PPF rate.
At maturity you can extend in 5-year blocks, with or without further contributions. The table above shows how much that single decision is worth.
Frequently Asked Questions
What is the maturity of ₹10,000 monthly PPF after 15 years?
About ₹31.56 lakh at the current 7.1% rate — ₹18.00 lakh of deposits plus ₹13.56 lakh of tax-free interest.
What is the current PPF interest rate?
7.1% per annum, unchanged for 25 consecutive quarters as of the October-December 2026 quarter. The government reviews it quarterly against the 10-year G-sec yield plus 25 basis points.
Is PPF interest taxable?
No. PPF has EEE status — the contribution, the interest and the maturity amount are all exempt from income tax. It is one of very few remaining instruments with that treatment.
What is the maximum PPF deposit per year?
₹1.5 lakh per financial year across all your PPF accounts combined, with a minimum of ₹500. Deposits above the ceiling earn no interest and are simply returned.
Can I withdraw PPF before 15 years?
Partial withdrawal is allowed from the 7th year, capped at 50% of the balance four years prior. Full premature closure is permitted only after 5 years and only for specified reasons such as serious illness or higher education, with a 1% interest penalty.
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Figures are mathematical projections based on the stated assumptions. Market-linked returns are not guaranteed. This is educational information, not investment advice.