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Rate for October–December 2026: 7.1%

PPF Calculator: Public Provident Fund Returns

See how much your PPF account will grow to over 15 years or more, at the current 7.1% interest rate, and how much of it is tax-free interest.

₹
₹500₹1.5 L
%
5%10%
Maturity value
₹0
Interest 0
Total invested₹0
Interest earned₹0
Maturity value₹0
Tax you could save each year (old regime, 30% slab)₹0

How your PPF balance grows

The purple area is what you have put in. The orange area above it is interest, which grows faster every year.

Year-by-year balance

YearDepositInterest earnedClosing balance

How is PPF interest calculated?

PPF interest is worked out every month on the lowest balance between the 5th and the last day of the month, and added to your account once a year on 31 March. If you deposit before 5 April, your money earns interest for the whole year. This calculator assumes you do.

F = P × ((1 + i)n − 1) ÷ i × (1 + i) F is the maturity value, P is the yearly deposit, i is the yearly rate (as a decimal) and n is the number of years.

Worked example

PPF rules at a glance

  • Interest rate: 7.1% a year for October to December 2026. The government reviews it every quarter, and the new rate applies to your whole balance.
  • Deposits: at least ₹500 and at most ₹1,50,000 in a financial year.
  • Lock-in: 15 years. You can then extend in 5-year blocks, with or without new deposits.
  • Withdrawals: partial withdrawals are allowed from the 7th financial year. Loans are available from the 3rd to the 6th year.
  • Tax: PPF is EEE: deposits qualify for the 80C deduction in the old regime, and interest and maturity amount are tax-free in both regimes.

Frequently asked questions

Can I invest monthly in PPF instead of yearly?

Yes, you can make up to 12 deposits a year in any amounts, as long as the total stays within ₹1,50,000. Deposits made after the 5th of a month don't earn interest for that month, so depositing early helps.

Is PPF interest taxable in the new regime?

No. PPF interest and the maturity amount are tax-free in both the old and new regimes. Only the 80C deduction for your deposits is lost in the new regime.

What happens if I miss a year's deposit?

The account becomes inactive. You can restart it by paying ₹50 for each missed year plus the minimum ₹500 for each of those years.

Can I have more than one PPF account?

No. Each person can hold only one PPF account, at a post office or a bank. You can open a separate account for a minor child, but the ₹1,50,000 limit is shared between your account and the child's.