ArthSangrah

PPF Calculator

Secure your future, one deposit at a time! 🏦 Try our PPF Calculator now.
Yearly Investment (₹)
Rate of Interest (% p.a.)
Time Period (in Years)
Extend PPF Period
Note: To see the chart, please view this in a larger screen
Calculated Returns
Invested Amount
₹ 1,50,000
Estimated Returns
₹ 1,03,234
Total Value
₹ 2,53,234
What is a PPF
The Public Provident Fund (PPF) is a government-backed, long-term savings scheme designed to encourage small savings while offering tax-free returns. It is one of the safest investment options, ideal for wealth creation and retirement planning.
Features
  • Tenure - Minimum 15 years (extendable in 5-year blocks)
  • Investment Limit - Minimum ₹ 500 per year, maximum ₹ 1,50,000 per year
  • Deposit Frequency - You can invest lump sum or in installments (up to 12 times a year)
  • Interest Rate - Set by the Government of India, revised quarterly (e.g., 7.1% for Jan-Mar 2024)
  • Lock-In Period - Withdrawals are allowed only after 15 years, with partial withdrawals from the 7th year
  • Loan Facility - Loans can be availed from the 3rd to 6th year against your PPF balance
  • Nomination Facility - Available to account holders
Benefits
  • Guaranteed Returns - Backed by the government, making it a risk-free investment
  • Flexible Contributions - Deposit any amount between ₹500 to ₹1.5 lakh per year
  • Partial Withdrawals - Allowed after 7 years, helping in financial emergencies
  • Extension Option - Can be extended indefinitely in 5-year blocks
Eligibility & Requirements
  • Who can open a PPF Account?
    • Indian residents (only individuals)
    • Parents or legal guardians can open an account on behalf of a minor child
  • Who cannot open a PPF Account?
    • Non-Resident Indians (NRIs) – NRIs cannot open a PPF account, but if they had one before becoming an NRI, they can continue until maturity (without extension)
    • Hindu Undivided Families (HUFs) – HUFs are not eligible to open a PPF account
  • Number of Accounts Allowed
    • Only one PPF account per individual (except for minors)
    • No joint accounts are allowed
  • Minimum & Maximum Investment
    • Minimum deposit: ₹500 per year
    • Maximum deposit: ₹1,50,000 per year (across all PPF accounts linked to an individual)
  • Lock-in Period
    • Mandatory 15-year lock-in, but partial withdrawals allowed after 7 years
    • Extension option: After 15 years, the account can be extended in 5-year blocks
  • Deposit Mode & Frequency
    • Can be deposited lump sum or in installments (maximum 12 installments per year)
    • Must deposit at least once per year to keep the account active
  • PPF Account for NRIs
    • If an Indian resident opens a PPF account and later becomes an NRI, they can continue investing until maturity
    • However, NRIs cannot extend the PPF account after 15 years
How to Calculate PPF Returns?
PPF interest is compounded annually but is calculated monthly based on the lowest balance between the 5th and last day of the month.

TThe formula for PPF maturity amount is as follows:
A=P×(1+r)t−1rA = P \times \frac{(1 + r)^{t} - 1}{r}
where,

  • A=Final AmountA = Final \space Amount
  • P=Yearly InvestmentP = Yearly \space Investment
  • r=Annual Rate of Interest (in decimal)r = Annual \space Rate \space of \space Interest \space (in \space decimal)
  • t=Tenure in Years (Default 15 years)t = Tenure \space in \space Years \space (Default \space 15 \space years)

Example Calculation
If you invest ₹ 1,50,000 yearly in a PPF for 15 years at 7.1% annual interest (compounded annually):
A=1,50,000×(1+0.071)15−10.071A = 1,50,000 \times \frac{(1 + 0.071)^{15} - 1}{0.071}

The maturity amount will be approximately ₹ 40.68 lakh.
For quick calculations, you can use the calculator on this website