PPF Calculator
Calculate the maturity amount and interest earned on your Public Provident Fund (PPF) investments over time. (INR Only)
What is a Public Provident Fund (PPF)?
PPF is a savings-cum-tax-saving instrument in India, introduced by the National Savings Institute of the Ministry of Finance. It serves as an excellent long-term investment option for individuals looking to build a retirement corpus while enjoying high safety and tax benefits.
How Does the PPF Formula Work?
PPF interest is compounded annually. If you make a lump-sum yearly investment, the maturity amount is calculated using the compound interest formula iteratively over the years:
F = P × [((1+i)^n - 1) / i]
Where F is the Maturity Value, P is the Annual Installment, i is the Rate of Interest, and n is the number of years.
Tax Benefits & About the Data
The PPF scheme falls under the EEE (Exempt-Exempt-Exempt) tax category. This means the invested amount (up to ₹1.5 Lakhs), the interest earned, and the maturity amount are all completely exempt from Income Tax. The standard minimum lock-in period is 15 years, though it can be extended in blocks of 5 years.
Frequently Asked Questions
Have questions about this tool? Find quick answers here.
- Public Provident Fund (PPF) is a popular long-term investment scheme backed by the Government of India. It offers safety with attractive interest rates and returns that are fully exempted from Tax.
- The PPF account has a mandatory lock-in period of 15 years. However, partial withdrawals are allowed from the 7th financial year onwards under certain conditions.
- The interest on PPF is calculated on the minimum balance in the account between the 5th and the end of the month. To maximize returns, it is advised to invest before the 5th of every month or between April 1 and April 5 for lump sum yearly investments.
- The maximum amount that can be invested in a PPF account in a single financial year is ₹1,50,000, while the minimum required investment is ₹500 to keep the account active.
Educational Purposes Only
The calculations provided by this tool are for educational and informational purposes only and do not constitute financial, investment, or tax advice. Actual rates, terms, and outcomes may vary based on your financial institution and market conditions. Please consult with a qualified financial advisor before making any major financial decisions.
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