Calculate Public Provident Fund maturity amount and year-wise interest. Current PPF rate: 7.1% per annum (tax-free) — Q4 FY 2025-26 (Jan–Mar 2026). 15-year lock-in. Section 80C benefit.
₹50K
7.1%
Total Invested
Total Interest Earned
100% Tax-Free
Maturity Amount
Year-wise Breakdown
Year
Deposit (₹)
Interest (₹)
Balance (₹)
Enter details and click Calculate to see year-wise breakdown
✅ EEE Tax Status (Exempt-Exempt-Exempt)
✅ Section 80C deduction up to ₹1.5L/year
✅ Interest is 100% tax-free
✅ Maturity amount fully tax-free
✅ Government of India guaranteed
✅ Loan facility from 3rd year
What is PPF?
Public Provident Fund (PPF) is a government-backed long-term savings scheme in India with a 15-year lock-in period. It offers guaranteed returns, complete tax exemption under EEE status, and is one of the safest investments available to Indian citizens.
PPF Key Features
Minimum deposit ₹500/year, maximum ₹1.5 Lakh/year. Account can be extended in blocks of 5 years. Partial withdrawal allowed from 7th year. Loan against PPF available from 3rd to 6th year.
Why PPF is a Must-Have Investment
PPF is the only investment in India with triple tax exemption — your investment is deductible under 80C, the interest earned is tax-free, and the maturity amount is also fully tax-free. This makes the effective return much higher than the stated 7.1% rate.
Any Indian resident can open a PPF account at any bank or post office. Non-residents cannot open new PPF accounts (existing accounts can continue until maturity). You can open one account per person — no joint accounts. Minor children can have PPF accounts managed by parents.
What is the maximum investment in PPF per year?▼
Maximum PPF investment is ₹1.5 lakh per financial year (same as 80C limit). Minimum is ₹500 per year. You can invest in up to 12 instalments or a lump sum. Investing early in the financial year (April) maximizes interest as PPF calculates interest on minimum balance between 5th and last day of each month.
PPF Calculator India 2026 — 7.1% Tax-Free Returns
Public Provident Fund (PPF) is India's most trusted long-term savings scheme, backed by the Government of India. The current PPF interest rate is 7.1% per annum (Q1 FY 2026-27, April-June 2026), compounded annually. Investing ₹1.5 lakh per year (maximum) for 15 years gives a maturity amount of ₹40.68 lakh — all completely tax-free (EEE — Exempt at investment, Exempt on returns, Exempt at maturity). No other savings instrument in India offers this triple tax exemption.
PPF Rules 2026 — Deposits, Withdrawals, Extension
Minimum deposit: ₹500/year. Maximum: ₹1.5 lakh/year. Tenure: 15 years (extendable in 5-year blocks). Partial withdrawal allowed after 7th year (up to 50% of 4th year balance). Loan against PPF: available from 3rd to 6th year at 1% interest. Account can be opened at any post office or major bank (SBI, HDFC, ICICI, Axis, ICICI). Joint accounts NOT allowed — one person, one account. Minors can have PPF with parent as guardian.
PPF vs Other Investments — Why PPF is Unique
PPF offers something no other investment does: EEE (Exempt-Exempt-Exempt) tax status. Your investment reduces taxable income (80C), the 7.1% interest earns tax-free every year, and the maturity amount is tax-free. Compare: FD interest is fully taxable, ELSS has 10% LTCG on gains above ₹1.25L/year, NSC interest is taxable in year 5. PPF is the only truly tax-free long-term savings instrument. The only downside is 15-year lock-in — not suitable for short-term goals.
Frequently Asked Questions
What is the PPF interest rate in 2026?▼
PPF interest rate for Q1 FY 2026-27 (April-June 2026) is 7.1% per annum, compounded annually. The rate is set by the Ministry of Finance every quarter. It has been 7.1% for the past 8+ quarters and is expected to remain stable.
Can I withdraw PPF before 15 years?▼
Full withdrawal only after 15 years. Partial withdrawal (up to 50% of 4th year balance) allowed after 7 years. Premature closure only in extreme cases: critical illness, child's higher education. On premature closure, 1% penalty is deducted from the applicable interest rate.
PPF for NRI — can NRIs invest?▼
NRIs cannot open new PPF accounts. If you opened a PPF account as a resident Indian and then became NRI, you can continue the existing account until maturity but cannot extend beyond 15 years. NRIs can invest in other instruments like NRE FDs (tax-free), ELSS, and direct stocks.