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PPF calculator
Project the balance of a Public Provident Fund account, the government-backed savings scheme with a 15-year term.
How PPF grows
You can deposit between ₹500 and ₹1,50,000 in a financial year. Interest is credited once a year and compounds annually. The rate is set by the government each quarter and is 7.1% for October to December 2026. This calculator assumes one deposit at the start of each year:
Balance(year) = (Balance(previous) + Deposit) × (1 + r)
The maximum deposit for 15 years at 7.1% grows to about ₹40,68,209 on contributions of ₹22,50,000.
Getting the most from PPF
Monthly interest is worked out on the lowest balance between the 5th and the end of the month, so deposit on or before the 5th; a single deposit before 5 April earns interest for the whole year. After 15 years you can extend the account in blocks of five years, with or without further deposits. Interest and maturity proceeds are tax-free; the deduction for deposits is available only under the old tax regime.
Questions
Can I withdraw before 15 years?
Partial withdrawals are allowed from the seventh financial year, within limits, and loans against the balance are available in the early years.
PPF or equity funds?
PPF offers certainty and tax-free interest; equity offers higher expected growth with swings. Many savers use PPF as the debt part of a long-term portfolio.