PPF Calculator

Calculate your Public Provident Fund returns with our easy-to-use PPF calculator

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₹500 ₹1.5L
Years
1 Year 50 Years
%
1% 15%

Total Investment

₹0

Total Interest Earned

₹0

Maturity Amount

₹0

Investment vs Returns Over Time

Investment Breakdown

About PPF (Public Provident Fund)

The first step towards wealth management is accumulating savings. You will find a lot of options for savings accounts; however, look for the ones that guarantee substantial returns risk-free. PPF accounts are one of the most common features which come into the picture. PPF account refers to Public Provident fund account and is meant to invest your valuable capital.

If you are a new employee or a responsible parent who wishes to save for the future, then PPF is ideal for you. Calculating the interest rates and returns on your PPF account turns a bit difficult. To make these difficult calculations easy, PPF account calculator can be used.

How can a PPF calculator help you?

This financial tool allows one to resolve their queries related to Public Provident Fund account. There are certain specifications that are to be abided by while calculating maturity amount after a certain point of time. It keeps a track on the growth of your capital. Those who already have a PPF savings account know that interest rates change on monthly basis.

Nowadays, it is easier to keep a check on changing rates. However, with the discovery of public provident fund calculator, account holders find it easier to find out monthly changes made in interest. In the market, you may find lot of user-friendly PPF calculators and for choosing trustworthy ones, Groww is simply the option.

Formula used for calculating PPF

PPF uses a formula to compute the deposited amount, interest, etc. This formula has been given below –

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

This formula represents the following variables –

  • I - Rate of interest
  • F - Maturity of PPF
  • N - Total number of years
  • P - Annual instalments

Benefits of using PPF Calculator

  • Get accurate calculations of your PPF maturity amount
  • Plan your investments better with detailed analysis
  • Compare different investment scenarios
  • Understand the power of compound interest
  • Make informed decisions about your savings

Key Features of PPF

  • Minimum investment of ₹500 per year
  • Maximum investment of ₹1.5 lakh per year
  • 15-year lock-in period with extension options
  • Government-backed, risk-free investment
  • Tax benefits under Section 80C
  • Tax-free interest and maturity amount
  • Loan facility available from 3rd year
  • Partial withdrawal allowed from 7th year

Frequently Asked Questions about PPF Calculator

What is a PPF calculator? ▼
A PPF calculator is an online tool that helps you calculate the returns on your Public Provident Fund investment. It uses the compound interest formula to determine your maturity amount, total interest earned, and total investment over the investment period.
How accurate is the PPF calculator? ▼
Our PPF calculator provides highly accurate results based on the compound interest formula used by banks and financial institutions. However, actual returns may vary slightly due to changes in interest rates announced by the government from time to time.
What is the minimum and maximum investment in PPF? ▼
The minimum annual investment in PPF is ₹500, and the maximum is ₹1.5 lakh per financial year. You can invest in lump sum or in installments, but the total should not exceed ₹1.5 lakh in a year.
What is the current PPF interest rate? ▼
The current PPF interest rate is 7.1% per annum (as of 2024). The interest rate is reviewed and announced by the government every quarter. Interest is calculated monthly but credited annually at the end of the financial year.
Can I withdraw money from PPF before maturity? ▼
PPF has a 15-year lock-in period. However, partial withdrawal is allowed from the 7th year onwards, subject to certain conditions. You can also take a loan against your PPF balance from the 3rd to the 6th year of the account.
Is PPF investment tax-free? ▼
Yes, PPF enjoys EEE (Exempt-Exempt-Exempt) tax status. The investment amount is eligible for deduction under Section 80C, the interest earned is tax-free, and the maturity amount is also completely tax-free.
Can I extend my PPF account after 15 years? ▼
Yes, you can extend your PPF account in blocks of 5 years after the initial 15-year period. You can extend it any number of times. During the extension period, you can continue to invest and earn interest, or you can keep the account without making fresh deposits.
How is PPF interest calculated? ▼
PPF interest is calculated monthly on the lowest balance between the 5th and last day of the month. Interest is credited annually at the end of the financial year. The interest rate is compounded annually, which means you earn interest on interest.