PPF Calculator
Advanced PPF Calculator to calculate maturity amount, total interest and yearly contribution. Updated Public Provident Fund calculator India.
What is PPF (Public Provident Fund)?
Public Provident Fund (PPF) is a long-term government-backed savings scheme in India that offers attractive interest rates, tax benefits and guaranteed returns.
PPF has a mandatory lock-in period of 15 years and allows individuals to invest between ₹500 and ₹1.5 lakh per financial year.
How PPF Interest is Calculated
PPF interest is compounded annually and calculated on the lowest balance between the 5th and last day of each month. The interest rate is set quarterly by the Government of India.
PPF Maturity Calculation Formula
The maturity amount is calculated using compound interest applied annually to the cumulative balance.
Example of PPF Calculation
If you invest ₹1,50,000 every year for 15 years at 7.1% interest, your maturity amount grows significantly due to compounding.
Tax Benefits of PPF
- Investment qualifies under Section 80C
- Interest earned is tax-free
- Maturity amount is tax-free
Can You Extend PPF After 15 Years?
Yes, PPF can be extended in blocks of 5 years with or without contribution.
Benefits of PPF Investment
- Government-backed security
- Guaranteed returns
- Tax-efficient
- Long-term wealth building
Who Should Invest in PPF?
- Risk-averse investors
- Salaried individuals
- Retirement planners
- Parents saving for children
This PPF Calculator helps investors estimate maturity value and total interest earned accurately.
Frequently Asked Questions
What is the minimum investment in PPF?
The minimum yearly investment in PPF is ₹500.
What is the maximum PPF investment per year?
You can invest up to ₹1.5 lakh per financial year.
What is the lock-in period of PPF?
The lock-in period is 15 years.
Is PPF interest taxable?
No, PPF interest and maturity amount are tax-free.
Can I withdraw PPF before maturity?
Partial withdrawals are allowed after the 7th year under certain conditions.