PPF Calculator

PPF Calculator

Investment Amount
Wealth Gain
Total Maturity Amount

PPF Calculator

While the online PPF Calculator will calculate the maturity value and interest income for your investment amount. You will also get clarity on PPF Features, their benefits and how to use the PPF Calculator.

Public Provident Fund : Online Calculator with feature,Benefit and advantages.

What is a PPF account?

In 1968, the Government of India launched the Public Provident Fund, also known as PPF; further, the objective of PPF is to promote savings, give guaranteed returns and tax benefits to the public. In short, the PPF (Public Provident Fund ) is a government-backed long-term, risk-free savings scheme.

Features of PPF account

When you get your first Salary and are thinking of buying an expensive gadget, your parents will ask you to open a PPF account and start saving.

Before you plan to invest, here are few things that will help you make an informed decision.

Where can you open a PPF account?

While you can open it at a post office or a public sector bank in addition, few private banks also allow you to open a PPF account. Further, in some banks, you can open an online PPF account.

Who can open a PPF account?

Similarly, like other government savings schemes, Indian citizens can open a PPF account. Further, you can Open & operate a PPF account in a minor name. However, an NRI can not open a PPF account but, an Indian citizen having a PPF account and, now an NRI can continue the PPF account till it matures.

How to open a PPF account?

While one of the objectives of PPF is to encourage savings from the general public, the other aim was to put a habit to invest even a small amount. For instance, you can open a PPF account with a minimum investment of ₹500 and invest a maximum of ₹1.5 lakh in a financial year. You can choose to invest, either one time or in instalments. Further, to keep your account active, you need to invest at least ₹500 in a year.

In addition, you need to submit the below KYC documents to open your PPF account.

  • Passport Photo
  • Address Proof
  • Identity Proof
  • Birth certificate in case of Minor
  • Initial contribution.

PPF Account Maturity

Full Withdrawal: Firstly, you can choose to withdraw and close your PPF account after 15 years or, you can submit Form 15H to extend your PPF account without any limit in a 5-year block.

For example; When the PPF account of Mr Ram matures in the year 2020, he can extend the PPF account in a block of 5-year.
So, his PPF account will mature in 2025 than in 2030, further in 2035. and so on.

When the PPF account matures, you have to submit Form C to close your account and withdraw your maturity value.

Extend PPF account with Contribution: If you extend your PPF account with contribution, you can withdraw once a year and up to 60% of the balance at the time of an extension. Further, to save taxes and earn interest income you, have to submit Form 15H.

Extend PPF account without Contribution: Further, you can also continue your PPF account without contribution to accrue interest rate on your balance till you close your PPF account. Moreover, you can withdraw once a year and with no capping on the amount of withdrawal.

Pre-mature withdrawal in PPF account

While the PPF is a long term saving plan, you may require money in an emergency; secondly, for your Child higher studies or marriage. Further, you can prematurely withdraw from the end of the year in which initial investment after the completion of 5 years.

Further, the pre-mature withdrawal is the minimum value of either A maximum of 50% of the preceding year balance or A maximum of 50% balance at the end of the fourth financial year.

Interest calculation in PPF account

Since Inception, The Ministry of Finance declares the PPF interest rate.

Further, in the PPF account, the interest is compounded annually on the minimum monthly balance between the 5th and last day of every month. So, the monthly interest gets credited at the end of the financial year, 31st March. The current interest rate since April 2020 is 7.1%.

Since 2016, the Government has decided to update the PPF interest rate every quarter. The below chart represents the historical interest rates since inception.

YearRate of Interest
01/10/2021 – 31/12/20217.10 %
01/07/2021 – 30/09/20217.10 %
01/04/2021 – 30/06/20217.10 %
01/01/2021 – 31/03/20217.10 %
01/10/2020 – 31/12/20207.10 %
01/04/2020 – 30/09/20207.10 %
01/07/2019 – 31/03/20207.90 %
01/10/2018 – 30/06/20198.00 %
01/01/2018 – 30/09/20187.60 %
01/07/2017 – 31/12/20177.80 %
01/04/2017 – 30/06/20177.90 %
01/10/2016 – 31/03/20178.00 %
01/04/2016 – 30/09/20168.10 %
01/04/2013 – 31/03/20168.70 %
01/04/2012 – 31/03/20138.80 %
01/12/2011 – 31/03/20128.60 %
01/03/2003 – 30/11/20118.00 %
01/03/2002 – 28/02/20039.00 %
01/03/2001 – 28/02/20029.50 %
15/01/2000 – 28/02/200111.00 %
01/04/1999 – 14/01/200012.00 %
01/04/1986 – 31/03/199912.00 %
1985-8610.00 %
1984-859.50 %
1983-849.00 %
1982-838.50 %
1981-828.50 %
1980-818.00 %
1979-807.50 %
1978-797.50 %
1977-787.50 %
1976-777.00 %
1975-767.00 %
01/08/1974 – 31/03/19757.00 %
01/04/1974 – 31/07/19745.80 %
1973-745.30 %
1972-735.00 %
1971-725.00 %
1970-715.00 %
1969-704.80 %
1968-694.80 %

Historically PPF interest rate.

While the PPF Investment is certainly a good investment scheme, you should consider the interest rates. Since 2016, the PPF interest rate is on a downward trend.

Formula to calculate PPF

A = P [({(1+i)^n}-1)/i]


A – Maturity amount,

P – Principal amount,

I – Expected interest rate of return on the PPF scheme,

N – Tenure of your investment.

For example, Input the below numbers in the formula.

Mr.Ram invests Rs.1,50,000 every year till Maturity at an interest rate of 7.1% Per Annum.

A = ? , P = 1,50,000 I = 7.1% N= 15 years.
A = 1,50,000[({(1+7.1%)^15}-1)/7.10%] = 40,68,209.

In addition, to the above formula, you can use our online PPF Calculator to calculate your returns.

What is a PPF Calculator?

While you have seen the above formula to calculate the PPF returns, the entire process can take up your time.,you can simply use the PPF calculator, it will guide you to know your maturity value and net gains on your investment. Further, this will also enable you to plan your investments in PPF.

How to use PPF Calculator?

Step 1: Firstly, mention the investment amount you are likely to invest every year. Do note that the maximum investment is Rs.1,50,000 per annum.

Step 2: If you want to check your maturity value when you extend your PPF account you can scroll or mention it in the box. However, by default, the investment period is at 15 years.

Step 3: Further, over here, you can see the prevailing interest rate.

Step 4: While you mention few details, the PPF Calculator will automatically calculate your total investment, net gain and maturity value on the exiting PPF interest rate.

Benefits of PPF account Calculator

  1. Once you decide to invest in PPF & want to understand how your investment will work in PPF. So, using the PPF Calculator will give you an insight into your maturity value.Now when you know your PPF maturity value, you can plan your financial goals.
  2. Now when you know your PPF maturity value, you can plan your financial goals.Further, the PPF calcualtor will save your time to do the compounding calculations.
  3. The calculator will also help you to identify your tax saving.
  4. Further, the PPF calculator will save you time to do the compounding calculations.

Advantages of PPF account

While the Government have many saving schemes, Public Provident Fund is one of the most popular long-term saving schemes. You can also use PPF investment to plan for your retirement. Although the PPF interest rates are low, you can invest it as part of your asset allocation mix.

Guaranteed Returns: Firstly, the PPF account is a government savings scheme that assures you a guaranteed return; Moreover, PPF is a good investment option if you have low-risk financial behaviour, as your returns are guaranteed.

Tax Benefits: Above all, the Public Provident Fund enjoys a EEE tax status means its Exempt-Exempt-Exempt.For example, your investment amount, the interest income and your maturity amount all are tax-free. Further, tax-saving in PPF is as per the Income Tax Act of 1961, u/s 80C.

Loan against PPF: In addition to the above advantages, one of the advantages of a PPF account is the Loan facility; However, you can take only a 25% loan of the total invested amount. Further, you have to pay an interest of 1% per annum on the loan amount with a tenure of thirty-six months.

You can apply for a loan from the beginning of the third year till the end of the sixth year. However, the withdrawn balance doesn’t earn any interest till you repay the loan. Further, you can take a second loan only after you repay the first one.

Alternative to PPF

While investing in PPF gives you guaranteed returns with tax benefits, one of the disadvantages of PPF is the returns you generate from your investment.

The average returns of PPF stand at 7.76% since inception. While the average return since 2016 is 7.53%.

In addition, to PPF you can invest in ELSS ( Equity Linked Saving Scheme ). ELSS is a mutual fund product with a tax-saving benefit u/s 80 c of income tax with a lock-in of 3 years compared to 15 years in PPF. Further, you can expect a return of 10%-12% CAGR against an average return of approx 8% from PPF.


While you get guaranteed returns in PPF, ELSS investments are subject to market risk. Moreover, investing in ELSS requires some research to select a good fund. However, ELSS gives you a better return compared to PPF over a period.

Let’s understand with an example.

Mr Ram and Mr Shyam are both of age 30 and are best friends. While Mr.Ram looks for a guaranteed return, Mr Shyam is okay to take calculated risks in his investment.

Mr Ram investment: 1,50,000 investment in PPF for 15 years, he expects an approx return of 8% on his investment.

Total Investment: 22,50,000 ( 1,50,000 * 15 )
Total Return : 21,04,314 ( Returns @ 8% PA)
Maturity Value : 43,54,314

Mr Ram will enjoy the entire maturity value as tax-free as we have seen earlier.

Mr Shyam investment: 1,50,000 in ELSS for 15 years, he expects an approx return of 10% on his investment.

Total Investment: 22,50,000 ( 1,50,000 * 15 )
Total Return : 29,74,053 ( Returns @ 10 % PA)
Maturity Value : 52,24,053
Tax outflow : 2,87,405
Net Gains: 49,36,648

However, Mr Shyam will incur a 10% capital gain on his Total return above 1 Lac. So his tax outgo is 2,87,405
( Total Return 29,74,053 – = 28,74,053. Further, 10% Capital gain tax on 28,74,053 = 2,87,405)

Mr Shyam will gain more than Mr Ram even after capital gain tax on his returns.

Though investing in ELSS will not give you a guaranteed return, the historical data suggest an average CAGR of 12% over a long period into equities. In addition, investment in ELSS has a 3-years lock-in against 15 years in PPF investment with tax benefits.

How to invest in ELSS

You can create your account with moneyphi and invest online in ELSS. Further, you can invest in ELSS with a SIP or invest one time. We have selected the best ELSS funds for you to start saving taxes.

PPF Faq’s

What is a PPF account?

In 1968, the Indian Government started a long term saving scheme to encourage savings. Moreover, you can save tax and get guaranteed returns on your investment.

Who can invest in PPF?

If you are an Indian Citizen, then you can invest in PPF. Further, you can even open and operate a minor account. However, an NRI or HUF (Hindu Undivided Family) cannot invest in PPF.

Where can you open a PPF account?

In addition, to the Post office, Government Bank you can open a PPF account in some private banks like Axis bank, HDFC bank, ICICI Bank etc.

What is a PPF Calculator?

While the calculator saves your time in doing calculations. Further, you also know the maturity value at the current interest rate.

What is the minimum & Maximum Investment in PPF account?

The minimum investment is Rs.500, while the maximum is Rs.1,50,000. Also, you have to deposit once a year to keep the account active.

Is a Loan available against a PPF account?

In addition to other advantages, one of the advantages of the PPF account is the Loan facility. Further, the loan is available from the 3rd year to the 6th year with an interest rate of 1% Per annum.

Is tax saving available in PPF?

Yes, you can save tax while investing in PPF, most importantly, a Public Provident Fund investment enjoys Exempt-Exempt-Exempt-tax status. So, your investment, interest income and maturity value are all tax-free.