About the PPF Calculator
Our PPF Calculator helps you estimate the maturity amount of your Public Provident Fund investment. PPF is a government-backed savings scheme offering tax-free returns with a 15-year lock-in period. Calculate how your annual deposits grow with compound interest.
How the Calculation Works
The mathematical formula used by this calculator is: A = Σ [D × (1 + r)^(n-i+1)] for i = 1 to n. PPF interest is compounded annually. Each year's deposit earns interest for the remaining years. Current PPF rate is 7.1% p.a. with annual compounding.
Key Benefits
- Tax-free returns (EEE)
- Government guaranteed
- Loan facility available
- Partial withdrawal after 7 years
- Safe long-term investment
Frequently Asked Questions
What is the current PPF interest rate for 2026?
The PPF interest rate for 2026 is 7.1% per annum, compounded annually and credited at the end of each financial year. The rate is reviewed quarterly by the Indian government. It has remained at 7.1% since April 2020. On a ₹1.5 lakh/year deposit, you earn approximately ₹10,650 in interest in year one. Use the free PPF Calculator on AbacusHand to calculate your exact result instantly.
What is the PPF lock-in period and can I withdraw early?
PPF has a mandatory 15-year lock-in period. Partial withdrawal is allowed from year 7 onwards — up to 50% of the balance at the end of the 4th year preceding the withdrawal. Premature closure is allowed after 5 years only on specific grounds (serious illness, higher education). On a ₹5 lakh corpus in year 7, you can withdraw up to ₹2.5 lakh. Use the free PPF Calculator on AbacusHand to calculate your exact result instantly.
Is PPF interest tax-free in India? What is the EEE status?
Yes, PPF has EEE (Exempt-Exempt-Exempt) tax status — contributions are deductible under Section 80C (up to ₹1.5 lakh/year), interest earned is fully tax-free, and maturity amount is completely tax-exempt. This makes PPF one of the most tax-efficient instruments in India. For someone in the 30% tax bracket, a ₹10,650 interest credit saves an additional ₹3,195 compared to a taxable FD. Use the free PPF Calculator on AbacusHand to calculate your exact result instantly.
How much can I accumulate in PPF if I invest ₹1.5 lakh every year for 15 years?
At the current rate of 7.1%, investing ₹1.5 lakh per year (maximum limit) for 15 years gives a maturity corpus of approximately ₹40.68 lakh. Total investment is ₹22.5 lakh and total interest earned is approximately ₹18.18 lakh — completely tax-free. You can extend in 5-year blocks beyond 15 years with or without contributions. Use the free PPF Calculator on AbacusHand to calculate your exact result instantly.
Should I choose PPF or ELSS for tax saving under Section 80C?
PPF suits conservative investors seeking guaranteed, tax-free returns — 7.1% with zero risk. ELSS (equity-linked tax saving) suits growth-oriented investors — historically 12–15% CAGR over 10+ years with only a 3-year lock-in vs PPF's 15 years. On ₹1.5 lakh invested: PPF grows to ~₹2.93 lakh in 10 years; ELSS at 12% grows to ~₹4.65 lakh. Higher reward, higher risk with ELSS. Use the free PPF Calculator on AbacusHand to calculate your exact result instantly.