PPF Calculator
What your Public Provident Fund account would hold at maturity, on your yearly deposit and the rate you enter.
Enter the rate declared for this quarter — Muktify never suggests one.
Enter the declared PPF rate to see it.
The Government resets the PPF rate every quarter. Use the rate on your passbook or your bank’s PPF page.
How it’s worked out
How PPF interest is worked out
PPF interest is calculated every month on the lowest balance in the account between the 5th and the last day of that month, at the yearly rate divided by twelve. It is added to the account once a year, on 31 March. So within a year the interest does not compound, and across years it does.
That is why the date of a deposit matters. A deposit made by 5 April earns interest for all twelve months of the year. The same amount spread across the year earns interest only for the months after each part goes in, so a little less in that first year.
Deposits, term and extensions
You can deposit between ₹500 and ₹1,50,000 in a financial year, in one go or in parts. The account matures after 15 full financial years counted from the end of the year in which it was opened, so it runs slightly longer than fifteen calendar years.
At maturity the account can be closed or extended in blocks of five years, any number of times, with or without fresh deposits. Partial withdrawals are allowed from the seventh financial year and a loan against the balance from the third to the sixth.
The rate, and tax
The Government notifies the PPF rate every quarter, and the notified rate applies to the whole balance for that quarter, not just to new deposits. This calculator uses one rate for the whole period, the one you enter, so treat the result as an estimate to update when the rate changes.
PPF is exempt at every stage: interest and the maturity amount are tax-free. Deposits count towards the ₹1,50,000 Section 80C deduction only if you file under the old tax regime; the new regime has no 80C deduction, but the interest stays tax-free.
Questions people ask
How is PPF interest calculated?
Monthly, on the lowest balance between the 5th and the end of the month, at the yearly rate ÷ 12, and added once a year on 31 March. Money deposited by the 5th earns interest for that month.
What is the maximum I can deposit in PPF in a year?
₹1,50,000 in a financial year across all deposits, and at least ₹500 to keep the account active. Anything above ₹1,50,000 earns no interest and does not count for the 80C deduction.
Can I extend my PPF account after 15 years?
Yes. Within a year of maturity you can extend it in blocks of five years, with or without new deposits, as many times as you like. Without an extension request, it continues without deposits by default.
Is PPF interest taxable under the new regime?
No. PPF interest and the maturity amount are tax-free under both regimes. Only the 80C deduction on deposits is lost under the new regime.
Why does this calculator ask me for the rate?
The rate changes by notification every quarter, and Muktify never supplies a rate for any scheme or product. Use the rate on your passbook or your bank or post office PPF page.
Educational estimates from the figures you enter. Not investment advice — Muktify is not SEBI-registered.