# PPF calculator

Work out the maturity amount of a PPF account

Use it at https://www.quicktoolz.com/tools/ppf-calculator. From QuickToolz.

PPF stands for Public Provident Fund, a long-term savings scheme backed by the Government of India. The minimum term is 15 years, and the yearly limit is ₹1,50,000. At an assumed 7.1%, depositing the full ₹1,50,000 each year for 15 years gives about ₹40,68,209.

## How it works

balance = (balance + deposit) × (1 + rate), each year

We assume you deposit by 5 April each year, so the money earns interest for the whole year.

The government reviews the rate every quarter. This tool uses one rate for the whole term, so enter the current rate.

Worked example: ₹1,50,000 a year at 7.1% for 15 years: you deposit ₹22,50,000.00, and the maturity amount is ₹40,68,209.22.

## Examples

| Yearly deposit | Time | You deposit | Maturity at 7.1% |
| --- | --- | --- | --- |
| ₹50,000.00 | 15 years | ₹7,50,000.00 | ₹13,56,069.74 |
| ₹1,00,000.00 | 15 years | ₹15,00,000.00 | ₹27,12,139.48 |
| ₹1,50,000.00 | 15 years | ₹22,50,000.00 | ₹40,68,209.22 |
| ₹1,50,000.00 | 20 years | ₹30,00,000.00 | ₹66,58,288.17 |

## What this tool doesn't cover

- The government sets the rate each quarter, so this is an estimate.
- It assumes you deposit by 5 April each year.
- This doesn’t cover loans or partial withdrawals.
- This isn’t financial advice.

## Questions

### What is the PPF deposit limit?

You can deposit up to ₹1,50,000 in a financial year.

### Can I extend a PPF account?

Yes. After 15 years, you can extend it in blocks of 5 years.

### Is PPF interest taxable?

PPF interest is generally tax-free. Check the current rules for your situation.

### How long is the PPF lock-in period?

A PPF account runs for 15 full financial years. Partial withdrawals and loans are allowed earlier, under set rules.

### When should I deposit into PPF?

Interest is worked out on the lowest balance between the 5th and the end of each month. Deposit by the 5th to earn that month’s interest.

## Sources

- [National Savings Institute](https://www.nsiindia.gov.in)
- [Reserve Bank of India](https://www.rbi.org.in)
- [SEBI investor education](https://investor.sebi.gov.in)