PPF CalculatorPublic Provident Fund 2024-25
Calculate your PPF maturity value, year-wise interest, loan eligibility, and partial withdrawal amount. Current PPF interest rate: 7.1% p.a.
Current PPF Rate · Q1 FY 2024-25
7.1% per annum
Tax Status
EEE — Fully Exempt
PPF Maturity Calculator
PPF has a mandatory 15-year lock-in. After maturity, you can extend in blocks of 5 years.
Extensions after 15 years (optional)
EEE Tax Status: PPF investment is deductible under Section 80C (up to ₹1.5L). Interest earned and maturity proceeds are completely tax-free — no tax at any stage.
Year-wise PPF Growth Chart
PPF vs Other Instruments (₹₹1.50 L/yr × 15 yrs)
| Instrument | Rate | Lock-in | Maturity | Taxability |
|---|---|---|---|---|
| PPFSelected | 7.1% | 15 yrs | ₹40.68 L | EEE — Fully Exempt |
| NSC | 7.7% | 5 yrs | ₹32.60 L | Interest taxable (80C eligible) |
| ELSS SIP | ~12% | 3 yrs | ₹62.63 L | LTCG 12.5% above ₹1.25L |
| Bank FD (5yr) | 6.5–7% | 5 yrs | ₹30.83 L | Interest fully taxable at slab |
| Sukanya (SSY) | 8.2% | 21 yrs | ₹44.76 L | EEE — Fully Exempt |
*ELSS and NSC maturity are approximate. FD assumed 5-yr compounding. Sukanya for girl child only.
Maturity Value
₹40.68 L
after 15 years · 180 months
Invested
₹22.50 L
Interest
₹18.18 L
Need PPF & Tax Planning Help?
Our CA team helps you maximise 80C deductions, compare PPF vs ELSS vs NPS, plan your ITR with PPF, and file your tax return accurately — from ₹499.
Free Consultation💡 Annual Tax Saving with PPF
Investing ₹₹1.50 L in PPF saves ₹46,800 in income tax annually (30% slab + 4% cess). Over 15 years, total tax saving: ₹7,02,000.
PPF Key Facts
Year-wise PPF Balance Sheet
PPF — Public Provident Fund Complete Guide 2024-25
Everything you need to know about PPF investment — interest calculation, tax benefits, withdrawal rules, loan eligibility and extension options.
What Is PPF & Why Is It India's Most Popular Investment?
Public Provident Fund (PPF) is a long-term, government-backed savings scheme in India, introduced under the PPF Act 1968 and managed by the National Savings Institute under the Ministry of Finance. It remains one of India's most trusted investment instruments for over 50 years due to its unique combination of guaranteed returns, complete tax exemption, government backing, and accessibility to all Indian individuals.
PPF accounts can be opened at any nationalised bank, major private banks (HDFC, ICICI, Axis), post offices, and India Post Payments Bank. The minimum annual deposit is just ₹500, making it accessible to all income groups, while the maximum is ₹1,50,000 per year — which is also the Section 80C deduction limit, making PPF a perfect vehicle for full 80C utilisation.
The PPF's EEE (Exempt-Exempt-Exempt) tax status is unmatched: your annual contribution is deductible under Section 80C, the interest credited every year is completely tax-free, and the maturity proceeds are fully exempt from income tax. Even LTCG tax (which now applies to ELSS funds above ₹1.25 lakh) does not apply to PPF. This makes PPF the most tax-efficient guaranteed-return investment available to Indian individuals.
PPF at a Glance — FY 2024-25
PPF Interest Calculation Example
Scenario: ₹1,50,000 deposited on April 1
⚠️ Deposit after 5th April — Loss of interest!
✓ Always deposit before April 5 each year to earn interest for all 12 months. Over 15 years, this discipline can add ₹10,000–₹15,000 in extra interest.
How PPF Interest Is Calculated — The 5th Rule
PPF interest is computed monthly on the minimum balance between the 5th and last day of each calendar month. This seemingly technical rule has a crucial implication: if you deposit money into your PPF account before the 5th of a month, it earns interest for that month. If you deposit after the 5th, it misses that month's interest entirely.
Even though interest is calculated monthly, it is credited to your account only once — on March 31st (the last day of each financial year). So while you see the balance growing only annually, the computation happens every month. The credited interest in March then becomes part of your balance for the next year, earning further interest — this is the compounding effect.
Practical tip: Set up a standing instruction from your savings bank account to transfer ₹1,50,000 to your PPF account on April 1st each year. This ensures your full annual contribution earns 12 months of interest, maximizing your PPF returns over the 15-year tenure.
PPF Rules — Everything You Need to Know
Lock-in & Premature Closure
- • 15-year mandatory lock-in from FY of opening
- • Premature closure allowed after 5 years
- • Only for illness, higher education, or NRI status
- • Penalty: 1% reduction in interest rate
- • Complete withdrawal; account closes
Loan Against PPF
- • Available from 3rd to 6th financial year
- • Maximum: 25% of balance at end of 2nd preceding year
- • Interest: PPF rate + 1% (currently 8.1%)
- • Repayment: within 36 months
- • If not repaid: rate becomes PPF + 6%
Partial Withdrawal Rules
- • Available from 7th financial year onwards
- • Once per financial year only
- • Max: 50% of balance at end of 4th preceding year or preceding year (lower)
- • Completely tax-free
- • Account remains active after withdrawal
Extension After 15 Years
- • Extend in 5-year blocks, unlimited times
- • With contribution: deposits continue + interest
- • Without contribution: only interest, no deposits
- • Submit Form H within 1 year of maturity
- • Withdrawals allowed in extended period
Section 80C Tax Benefit
- • Deduction under Section 80C up to ₹1,50,000/year
- • Available under Old Tax Regime only
- • Tax saving: up to ₹46,800 at 30% slab + cess
- • Interest is exempt under Section 10(11)
- • Maturity is fully exempt — no tax at any stage
Who Should Invest in PPF?
- • Salaried individuals for stable 80C deduction
- • Risk-averse investors wanting guaranteed returns
- • Long-term retirement planners (15+ year horizon)
- • Self-employed / professionals for tax saving
- • Parents building corpus for child's education
7 Strategies to Maximise PPF Returns
Invest Before April 5 Every Year
The single most impactful PPF tip. Depositing before April 5 ensures your full amount earns interest for all 12 months. Over 15 years, this can add ₹10,000–₹20,000 extra interest.
Invest the Maximum ₹1,50,000
Max out PPF every year to utilise full Section 80C benefit and compound the maximum principal. At 7.1% for 15 years, ₹1.5L/year grows to ₹40.68 lakh — vs ₹13.56L for ₹50K/year.
Open a PPF Account Early in Life
PPF is a 15-year instrument. Opening at age 25 means maturity at 40 — when financial needs are high. You can then extend further. Earlier you start, larger the EEE tax-free corpus at maturity.
Consider PPF for Your Child
You can open a PPF account in the name of a minor child (you are the guardian). This creates an additional corpus for the child's education/marriage, with separate 80C benefit within the ₹1.5L family limit.
Use PPF Extension Strategically
After 15 years, if you don't need the money, extend without contributions. Your entire ₹40+ lakh balance earns 7.1% tax-free (≈₹2.88L/year) — a risk-free, tax-free 'income' in retirement.
Combine PPF with ELSS for Balanced Portfolio
PPF gives guaranteed debt returns; ELSS gives equity growth potential. Together they form the ideal 80C portfolio — conservative stability (PPF) + aggressive growth (ELSS) for total Section 80C utilisation.
Avoid PPF Loan if Possible
PPF loan at 8.1% (PPF rate + 1%) is cheap but reduces your compounding base. Only use PPF loan for genuine emergencies. The locked corpus should be left undisturbed to maximise 15-year compounding.
Historical PPF Interest Rates
PPF Rate History (FY 2000–2025)
PPF rate has been 7.1% since Jan 2020. Rate is reviewed quarterly but unchanged for 4+ years.
Why Use Taxvio's PPF Calculator?
- Real-time results as you adjust sliders — maturity value, interest, tax saving all update instantly without clicking Calculate
- Interactive SVG bar chart showing year-wise invested amount vs. interest earned — visualise the power of compounding clearly
- 3-in-1 calculator — PPF Returns, Loan eligibility (Year 3–6), and Partial Withdrawal (Year 7+) in a single tool
- Extension modelling — calculate maturity for 15 years + 1, 2, or 3 five-year extensions to see the benefit of staying invested longer
- Instrument comparison — PPF vs NSC vs ELSS vs FD vs Sukanya Samriddhi — see which gives the highest maturity value side-by-side
- Historical PPF rate data from FY 2000 — understand how the rate has evolved and plan with realistic rate assumptions
- April 5 rule highlight — our calculator and guide explains the most commonly missed PPF optimization — depositing before April 5 each year
- CA-backed ITR filing — our team claims PPF deduction under Section 80C, verifies 80C limit, and files your return with maximum deductions from ₹499
PPF Calculator — Frequently Asked Questions
Maximise Your 80C Benefits This Year
Taxvio's CA team helps you plan PPF + ELSS + NPS for maximum 80C deduction, compare tax regimes, file your ITR accurately, and save the maximum tax legally — all from ₹499.
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