PPF calculator

The Public Provident Fund is a 15-year government savings scheme. The rate for October to December 2026 is 7.1% a year, compounded yearly, and the interest is tax-free.

Yearly deposit (₹)

₹500 to ₹1,50,000 a year.

Interest rate (% a year)

Years

15, or more if you extend in 5-year blocks.

Maturity value

₹40,68,209 (40.68 lakh)

Total deposited₹22,50,000 (22.50 lakh)

Interest earned (tax-free)₹18,18,209 (18.18 lakh)

Year-by-year balance

Year	Interest	Balance
1	₹10,650	₹1,60,650 (1.61 lakh)
2	₹22,056	₹3,32,706 (3.33 lakh)
3	₹34,272	₹5,16,978 (5.17 lakh)
4	₹47,355	₹7,14,334 (7.14 lakh)
5	₹61,368	₹9,25,701 (9.26 lakh)
6	₹76,375	₹11,52,076 (11.52 lakh)
7	₹92,447	₹13,94,524 (13.95 lakh)
8	₹1,09,661 (1.10 lakh)	₹16,54,185 (16.54 lakh)
9	₹1,28,097 (1.28 lakh)	₹19,32,282 (19.32 lakh)
10	₹1,47,842 (1.48 lakh)	₹22,30,124 (22.30 lakh)
11	₹1,68,989 (1.69 lakh)	₹25,49,113 (25.49 lakh)
12	₹1,91,637 (1.92 lakh)	₹28,90,750 (28.91 lakh)
13	₹2,15,893 (2.16 lakh)	₹32,56,643 (32.57 lakh)
14	₹2,41,872 (2.42 lakh)	₹36,48,515 (36.49 lakh)
15	₹2,69,695 (2.70 lakh)	₹40,68,209 (40.68 lakh)

Worked example

₹1,50,000 a year for 15 years at 7.1% grows to about ₹40.68 lakh: ₹22.5 lakh deposited and about ₹18.18 lakh tax-free interest.

The rate is reviewed every quarter. Source: Ministry of Finance notification for October to December 2026.

Questions people ask

How much can I deposit?

₹500 to ₹1,50,000 in a financial year. Deposit before the 5th of the month (ideally before 5 April) so that month earns interest.

Is PPF tax-free?

PPF has EEE status: deposits qualify for 80C in the old regime (within ₹1,50,000), and both the interest and the maturity amount are tax-free.

Can I withdraw before 15 years?

Partial withdrawal is allowed from the 7th financial year, within limits. A loan against the balance is available from the 3rd to the 6th year.

What happens after 15 years?

You can withdraw everything, or extend in blocks of 5 years, with or without fresh deposits.

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Results are estimates for information only, not financial or tax advice. Rates, rules and limits change, so check with your bank, employer or a qualified adviser before you decide.