PPFPlan

India PPF Calculator

Yearly deposits compounded annually at the government-set PPF rate — see your tax-free maturity value.

Yearly deposit

Rs.

Interest rate (% p.a.)

Tenure (years)

Maturity value

Rs. 40,68,209

PPF has a 15-year lock-in, extendable in 5-year blocks. The current rate is 7.1% p.a.

Total deposited: Rs. 22,50,000
Interest earned: Rs. 18,18,209

What you entered

Yearly deposit: Rs. 1,50,000Interest rate (% p.a.): 7.1%Tenure (years): 15

1
Annual interest rate
r = 7.1%= 7.1%
2
Investment period
15 years= 15 years
3
Total amount deposited
Rs. 1,50,000.00 × 15= Rs. 22,50,000.00
4
Maturity value (compounded annually with yearly deposits)
balance = (balance + deposit) × (1 + r), repeated 15×= Rs. 40,68,209.22
5
Interest earned
Rs. 40,68,209.22 − Rs. 22,50,000.00= Rs. 18,18,209.22

Result

Maturity value: Rs. 40,68,209

Depositing Rs. 1,50,000/year at 7.1% for 15 years grows to Rs. 40,68,209 — entirely tax-free under Section 80C.

PPF maturity after the full 15-year term at 7.1%

PPF compounds annually and runs a 15-year term. Each row deposits the same amount every year for 15 years at the current 7.1% rate.

Yearly deposit	Total deposited	Interest earned	Maturity value
Rs. 12,500	Rs. 1,87,500	Rs. 1,51,517	Rs. 3,39,017
Rs. 25,000	Rs. 3,75,000	Rs. 3,03,035	Rs. 6,78,035
Rs. 50,000	Rs. 7,50,000	Rs. 6,06,070	Rs. 13,56,070
Rs. 1,00,000	Rs. 15,00,000	Rs. 12,12,139	Rs. 27,12,139
Rs. 1,50,000	Rs. 22,50,000	Rs. 18,18,209	Rs. 40,68,209

The last row is the one most people want: Rs. 1,50,000 a year is the annual PPF ceiling and also the Section 80C limit, and it matures at just over Rs. 40 lakh. Interest is roughly 45% of the maturity value in every row, since the proportions scale linearly. PPF is EEE - the deposit qualifies for 80C, the interest is tax-free and so is the maturity amount - which is why a 7.1% PPF return beats a 7% FD by considerably more than the headline gap suggests for anyone in the 20% or 30% slab. The rate is set by the government each quarter and has changed many times, so a 15-year projection at today's rate is a scenario, not a contract. The term can be extended in five-year blocks.

Triple tax benefit (EEE)

PPF enjoys Exempt-Exempt-Exempt status — your deposits qualify for Section 80C deduction, the interest earned is tax-free, and the maturity amount is completely tax-free. Very few instruments offer all three.

15-year lock-in with partial withdrawal after year 7

The 15-year lock-in can be extended in 5-year blocks. After year 7 you can make partial withdrawals (up to 50% of the balance at the end of year 4), and loans against the balance are available from year 3 to year 6.

Deposit before the 5th of each month

PPF interest is calculated on the lowest balance between the 5th and end of each month. Depositing after the 5th means you lose that month's interest on the deposit. Always deposit before the 5th — or set up a standing instruction.

Frequently asked questions

What is the PPF interest rate in 2024?

The current PPF rate is 7.1% per annum, compounded annually. The rate is set by the government each quarter but has remained at 7.1% since January 2023. Historically, PPF rates ranged from 7.1% to 12% — the government adjusts based on government bond yields.

How much will ₹1.5 lakh/year in PPF grow in 15 years?

₹1.5 lakh deposited annually at 7.1% for 15 years: total invested = ₹22.5 lakh, maturity value = approximately ₹40.7 lakh, interest earned = ₹18.2 lakh — all completely tax-free. If extended to 25 years with continued deposits: over ₹1 crore.

PPF vs ELSS — which is better?

PPF: guaranteed 7.1%, 15-year lock-in, zero risk, EEE tax status. ELSS: market-linked (10–15% average), only 3-year lock-in, higher risk. For risk-averse investors: PPF wins. For young investors with 10+ year horizon: ELSS has historically delivered higher post-tax returns. Consider splitting your 80C limit between both.