Enter your monthly deposit and PaisaCalc works out your exact maturity value over the mandatory 15-year lock-in, at the current government-set rate — plus a year-by-year growth breakdown.
| Year | Opening balance | Deposited | Interest credited | Closing balance |
|---|
Your PPF contribution qualifies for a deduction under Section 80C (old tax regime only) — and unlike FD or RD, the interest and maturity amount are tax-free too, so there's no post-tax adjustment needed on the growth itself.
At maturity you can withdraw everything, extend in blocks of 5 years while still contributing, or extend without making further contributions. Here's the difference.
PPF compounds annually, but interest is quietly calculated every month behind the scenes — a quirk that rewards depositing early in the month.
Interest is calculated monthly on the lowest balance in your account between the 5th and the last day of that month — but it's only credited to your account once a year, at the end of the financial year (31 March). That means a deposit made on the 3rd of a month earns interest for that whole month, while the same deposit made on the 10th earns nothing for that month. This calculator assumes you deposit by the 5th every month, which is the standard way to maximize PPF returns.
Year-end balance = Opening balance + Deposits + Σ(monthly interest, credited once a year)
PPF's rate is set by the government, not a bank, and reviewed quarterly — it's not negotiable and doesn't vary by bank the way FD or RD rates do. The tradeoff is the mandatory 15-year lock-in and the ₹1,50,000 annual cap, versus FD/RD where you choose your own tenure and can deposit any amount. In exchange, PPF is completely tax-free on contribution, interest, and maturity (EEE), while FD and RD interest is fully taxable at your slab rate.
At maturity, you can withdraw the entire tax-free balance, or extend the account in blocks of 5 years — either continuing to contribute (and keep getting 80C deductions), or leaving it untouched to keep earning tax-free interest without adding more money. Use the extension calculator above to compare what each option is worth for your numbers.
The Public Provident Fund is a government-backed, long-term savings scheme with a mandatory 15-year lock-in, a fixed interest rate set quarterly by the Government of India, and full tax exemption on contributions, interest, and maturity proceeds.
7.1% per annum, compounded annually, as set by the Ministry of Finance for the current quarter. This rate has remained unchanged since April 2020, though it's reviewed every quarter and can change.
Between ₹500 and ₹1,50,000 per financial year, in up to 12 installments. Any amount deposited beyond ₹1,50,000 in a year doesn't earn interest or qualify for tax deduction — that's why this calculator caps the monthly deposit slider at ₹12,500.
No. PPF has EEE (Exempt-Exempt-Exempt) tax status — your contribution qualifies for a deduction under Section 80C, the interest earned is completely tax-free, and the maturity amount is also fully tax-free. Use the tax savings calculator above to see how much your contribution saves you.
Partial withdrawal is allowed from the 7th financial year onward, up to 50% of the balance at the end of the 4th preceding year or the immediately preceding year, whichever is lower. Full premature closure is allowed only in specific cases like medical emergencies or higher education, and after 5 years, with a 1% interest rate reduction.
You have three options: withdraw the full amount tax-free, extend the account in blocks of 5 years while continuing to contribute, or extend without making further contributions while the existing balance keeps earning interest. Use the extension calculator above to compare all three.
Free tools, all built the same way — exact date-based math, year-by-year breakdowns, and no signup.
Simple or compound interest by exact date range, with a year-by-year breakdown and chart.
Open →Monthly EMI for home, car, or personal loans — with a full amortization schedule you can expand month by month.
Open →Fixed Deposit maturity value with quarterly compounding by default, matching how Indian banks actually calculate it.
Open →Recurring Deposit maturity value from monthly installments, with the same quarterly compounding banks use.
Open →Monthly mutual fund investments, plus unlimited one-time lumpsum top-ups on any date during your tenure.
Open →Increase your SIP every 6 or 12 months in line with salary hikes — and see exactly how much more you end up with.
Open →Withdraw a fixed amount every month from a lump sum, and see exactly how long it lasts — or when it runs out.
Open →