PPF Maturity Calculator
Calculate your Public Provident Fund maturity amount at the current 7.1% annual rate. EEE - deposits, interest, and maturity are all tax-free under Section 123 of IT Act 2025 (formerly 80C).
- Total deposited₹22,50,000
- Total interest earned₹18,18,209
- Tax saving (30% bracket, 15y)₹6,75,000
- Balance at end of year 5₹9,25,701
- Balance at end of year 10₹22,30,124
- Balance at end of year 15₹40,68,209
How PPF returns are computed
The Public Provident Fund (PPF) is a long-term savings scheme operated by the Government of India through the Department of Posts and authorised banks. Interest is compounded annually at the rate notified by the Ministry of Finance each quarter; as of Q1 FY 2026-27, the rate is 7.1% per annum.
Why PPF still wins
- EEE tax treatment - deposits up to ₹1,50,000/year qualify for Section 123 deduction; interest is tax-free; maturity is tax-free.
- Sovereign-backed - guaranteed by the Government of India.
- 15-year lock-in - encourages disciplined long-term saving. Partial withdrawals allowed from year 7.
- Loan facility - can borrow against PPF balance from years 3-6.
The calculator above assumes the current 7.1% rate is held constant for the full tenure. The actual rate can change quarterly; revisit to see the impact of new rate announcements.
FAQs
What is the current PPF interest rate?▾
PPF interest rate is set quarterly by the Ministry of Finance. As of FY 2026-27 Q1, the rate is 7.1% per annum, compounded annually. The rate has been stable at 7.1% since April 2020.
How is PPF taxed?▾
PPF enjoys EEE (Exempt-Exempt-Exempt) tax treatment: deposits qualify for Section 123 (formerly 80C) deduction up to ₹1.5 lakh, interest accrued is tax-free, and maturity proceeds are fully tax-free. Best-in-class for risk-averse long-term saving.
Can I extend my PPF beyond 15 years?▾
Yes. After the initial 15-year tenure, you can extend in blocks of 5 years - with or without further contributions. The "extension with contributions" option lets you continue depositing up to ₹1.5 lakh annually and keep earning the same interest rate.
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