PPF Calculator 2026 – Public Provident Fund Maturity & Interest Calculator India
📋 Year-wise PPF Growth Table
See exactly how your PPF balance grows every year — opening balance, annual deposit, interest earned and closing balance.
| Year | Opening Balance | Annual Deposit | Interest Earned | Closing Balance | Cumulative Interest |
|---|
What is PPF – Public Provident Fund?
Public Provident Fund (PPF) is a long-term savings scheme backed by the Government of India, introduced in 1968 under the PPF Act. It is one of the safest and most popular investment options in India, offering guaranteed returns, complete capital protection, and triple tax exemption (EEE — Exempt, Exempt, Exempt).
PPF accounts can be opened at any Post Office, SBI, and most nationalised banks as well as select private banks (HDFC, ICICI, Axis, Kotak). The minimum investment is just ₹500 per year and the maximum is ₹1,50,000 per year.
Key PPF Account Rules 2026
| Parameter | Rule |
|---|---|
| Minimum Deposit | ₹500 per year (account lapses if minimum not deposited) |
| Maximum Deposit | ₹1,50,000 per year (per PAN) |
| Number of Deposits | 1 to 12 deposits per year allowed |
| Lock-in Period | 15 years (mandatory, extendable in 5-year blocks) |
| Current Interest Rate | 7.1% p.a. (compounded annually) |
| Interest Calculation | On lowest balance between 5th and last day of each month |
| Interest Payment | Credited on March 31 each year |
| Account Holders | Individual only (joint accounts not allowed) |
| Minor Account | Parents/guardians can open on behalf of minor |
| NRI Eligibility | NRIs cannot open new PPF accounts (existing accounts can continue till maturity) |
PPF Interest Rates History 2020–2026
The PPF interest rate is declared by the Government of India every quarter. The rate has been stable at 7.1% p.a. since April 2020. Here is the recent history:
| Period | PPF Interest Rate | Change |
|---|---|---|
| Jan 2024 – June 2026 (current) | 7.1% p.a. | No change |
| Apr 2020 – Dec 2023 | 7.1% p.a. | Reduced from 7.9% |
| Jul 2019 – Mar 2020 | 7.9% p.a. | Reduced from 8.0% |
| Oct 2018 – Jun 2019 | 8.0% p.a. | Increased from 7.6% |
| Jan 2018 – Sep 2018 | 7.6% p.a. | Reduced from 7.8% |
| Jul 2017 – Dec 2017 | 7.8% p.a. | Reduced from 8.0% |
*Rate subject to quarterly revision by Government of India. Always check the latest rate at India Post or RBI website before planning investments.
PPF Tax Benefits – EEE (Triple Tax Exempt) Status
PPF is one of the very few investment instruments in India that qualifies for EEE (Exempt-Exempt-Exempt) tax treatment — all three stages of investment are tax-free:
- E1 — Investment is Exempt: Contributions up to ₹1,50,000/year are deductible under Section 80C of the Income Tax Act. If you are in the 30% tax bracket, investing ₹1.5 lakh in PPF saves ₹45,000 in taxes.
- E2 — Interest is Exempt: The annual interest earned on PPF is completely exempt from income tax — no matter how large. There is no TDS and no need to declare PPF interest in your ITR.
- E3 — Maturity is Exempt: The entire maturity amount (principal + accumulated interest) received at the end of 15+ years is 100% tax-free. No capital gains tax, no surcharge.
PPF Withdrawal Rules – Partial & Full Withdrawal
Full Maturity Withdrawal (After 15 Years)
The entire PPF balance (principal + interest) can be withdrawn after 15 years from the end of the financial year in which the account was opened. You can also choose to extend for 5 more years (with or without fresh deposits).
Partial Withdrawal (After 7th Year)
Partial withdrawal is allowed from the 7th financial year onwards. Maximum withdrawal = 50% of the balance at the end of the 4th year OR 50% of the balance at the end of the preceding year — whichever is lower. Only one partial withdrawal per financial year is permitted.
| Year | Partial Withdrawal | Account Closure | Loan Against PPF |
|---|---|---|---|
| Year 1–2 | Not allowed | Not allowed | Not allowed |
| Year 3–6 | Not allowed | Not allowed | Loan available (up to 25% of balance) |
| Year 7–14 | Allowed (50% of 4th year balance) | Only for specific reasons* | No new loans |
| Year 15+ | Full withdrawal allowed | Full closure allowed | Not applicable |
*Premature closure allowed after 5 years for medical emergencies, higher education of self/children, or change in residency status (NRI). 1% interest penalty applies.
Loan Against PPF
A loan can be taken against PPF balance from the 3rd to 6th financial year. Loan amount = up to 25% of the balance at end of 2nd preceding year. Interest rate on PPF loan = PPF interest rate + 1% (currently 8.1%). Loan must be repaid within 36 months.
PPF vs FD vs SIP – Which is Better for Long-term Investment?
| Factor | PPF | FD (5-year) | SIP (Equity MF) |
|---|---|---|---|
| Returns | 7.1% p.a. (guaranteed) | 6.5%–7.5% (varies) | 10%–14% (market-linked) |
| Risk | Zero (Govt. backed) | Very Low (insured up to ₹5L) | Medium to High |
| Tax on Returns | 100% Tax-free (EEE) | Taxable as per slab | 10% LTCG above ₹1.25L/year |
| 80C Benefit | Yes (up to ₹1.5L) | Yes (5-year Tax Saver FD) | Yes (ELSS funds) |
| Lock-in | 15 years (partial from yr 7) | 5 years (Tax Saver FD) | 3 years (ELSS) |
| Liquidity | Limited | Penalty for early break | High (post lock-in) |
| Best for | Conservative, tax-saving, retirement | Short-medium term, assured returns | Wealth creation, inflation-beating |