PPF Calculator (Free) — Public Provident Fund Interest 2026-27

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PPF (Public Provident Fund) is a popular Government of India long-term savings scheme. Launched in 1968, 15-year lock-in, current rate 7.1% per annum (Q3 FY 2026-27, Oct–Dec 2026). EEE (Exempt-Exempt-Exempt) tax status — deposit is tax-deductible under the old regime up to Rs 1.5L (s.123 of the Income-tax Act 2025, old Section 80C), interest is tax-free, maturity is tax-free.

Illustration only — not tax advice. Tax depends on your full income, the regime you choose and the law in force; please consult a Chartered Accountant (CA) before acting on it.

This free PPF Calculator gives you: (a) Total invested over tenure, (b) Total interest earned, (c) Maturity value, (d) Year-wise interest accrual table — simply enter the annual deposit (Rs 500 minimum to Rs 1.5L maximum), expected interest rate (default 7.1%, reviewed quarterly by the government), and tenure (default 15 years, extendable in 5-year blocks).

Important: Deposit timing matters! PPF interest is calculated on the "lowest balance between the 5th and end of month". Therefore, a yearly deposit made by 5 April earns interest for all 12 months, a deposit made on 1-5 March earns 1 month, and one made after 5 March earns nothing for that year. This calculator assumes one deposit by 5 April of every year, for as many years as the tenure (15 deposits for 15 years). A PPF account matures on 1 April after 15 complete financial years from the end of the year in which it was opened, so an account opened in April can take 16 deposits before maturity — the result here then understates the maturity value.

PPF vs ELSS vs Tax-Saver FD: PPF is government-backed, at a rate the government reviews every quarter (7.1% now). ELSS is market-linked and its returns vary. Tax-saver FD interest is taxable. All three share the same Rs 1.5L old-regime limit.

Use cases: Retirement corpus building, Child's education fund (15-year horizon is perfect for college), Daughter's marriage, Tax-saving investment, Emergency long-term fund.

PPF extension: After maturity, you can extend it in 5-year blocks with either the "with deposits" or "without deposits" option. At extension, the interest rate is the prevailing rate. A total period of 15 + 5 + 5 + ... = 25, 30, 35 years is possible.

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Open PPF Calculator (Free) — Public Provident Fund Interest 2026-27 →

Frequently Asked Questions (FAQ)

Where do you open a PPF account?

You can open a PPF account at most branches of SBI, ICICI, HDFC, and Axis Bank. It is also available at Post Offices. Online opening: 5-7 minutes via SBI / ICICI / HDFC net banking. Aadhaar and PAN are required for KYC. Minimum opening deposit is Rs 500.

When is PPF interest credited?

PPF interest is calculated every month on the lowest balance between the close of the 5th day and the end of the month, and credited on 31 March each financial year (PPF Scheme 2019). It therefore compounds once a year. The government reviews the rate every quarter.

Can you withdraw money from PPF early?

Partial withdrawal starts from the 7th year (i.e., after 6 completed years). Maximum 50% of the balance at the end of the 4th preceding year or end of the immediate preceding year, whichever is lower. Loan facility is available from the 3rd to the 6th year (max 25% of balance, repayable within 36 months).

What is the PPF Sec 80C limit?

Under the old regime, PPF deposits are deductible up to Rs 1.5 lakh under s.123 of the Income-tax Act 2025 (old Sec 80C). The limit is shared across PPF + ELSS + LIC + EPF + home loan principal + tuition fee + NSC + Sukanya. Plan accordingly. PPF interest and maturity are also 100% tax-free under EEE.

PPF vs Sukanya Samriddhi — which is better?

Sukanya Samriddhi Yojana (SSY) is only for a girl child, current rate 8.2% (higher than PPF 7.1%). Matures 21 years from account opening. 15-year deposit period (PPF: 15-year full lock-in). Compare both on rate, lock-in and tax treatment before choosing.

City-wise availability

You can use this same tool for free in Mumbai, Delhi, Bangalore, Hyderabad, Chennai, Kolkata, Pune, Ahmedabad, Sirsa, and Mandi Dabwali. Seamless across mobile and desktop. You can also download a branded PDF.

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