PPF Calculator - Public Provident Fund
Calculate your PPF maturity amount with tax-free returns. Plan your long-term wealth creation with India's most popular tax-saving scheme.
1.5L
Current PPF rate: 7.1% p.a. (Q4 FY 2024-25)
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Up to ₹1,50,000
Deduction available
About Public Provident Fund (PPF)
Public Provident Fund is one of the most popular long-term investment options in India, offering guaranteed returns with complete tax exemption. It's ideal for building a retirement corpus or meeting long-term financial goals.
Key Features of PPF
- Minimum investment: ₹500 per year
- Maximum investment: ₹1,50,000 per year
- Lock-in period: 15 years (extendable in blocks of 5 years)
- Current interest rate: 7.1% p.a. (compounded annually)
- Interest rate reviewed quarterly by Government of India
- Loan facility available from 3rd to 6th year
Triple Tax Benefits (EEE Status)
1. Exempt on Investment: Deduction under Section 80C up to ₹1.5 lakh
2. Exempt on Interest: Interest earned is completely tax-free
3. Exempt on Maturity: Maturity amount is fully tax-exempt
PPF vs Other Tax-Saving Options
| Feature | PPF | EPF | NPS |
|---|---|---|---|
| Lock-in Period | 15 years | Till retirement | Till 60 years |
| Returns | 7.1% (Guaranteed) | 8.25% (Guaranteed) | Market-linked |
| Tax on Maturity | Nil | Nil | 60% exempt |
Frequently Asked Questions
What is PPF and how does it work?
Public Provident Fund (PPF) is a long-term savings scheme backed by the Government of India. It offers tax-free returns with a lock-in period of 15 years. You can invest between ₹500 to ₹1,50,000 per year and earn compound interest (currently 7.1% p.a.).
What are the tax benefits of PPF?
PPF offers triple tax benefits (EEE): Investment qualifies for deduction under Section 80C (up to ₹1.5 lakh), interest earned is tax-free, and maturity amount is completely tax-exempt.
Can I withdraw money from PPF before maturity?
Partial withdrawal is allowed from the 7th year onwards. You can withdraw up to 50% of the balance at the end of the 4th year. Premature closure is allowed after 5 years under specific conditions with interest penalty.