About ppf calculator
The Public Provident Fund (PPF) is a government-backed long-term saving scheme. The calculator shows the maturity value for your yearly deposit.
Key features
- A 15-year lock-in that can be extended in blocks of five years.
- A minimum and maximum yearly deposit limit.
- The government sets the interest rate, reviewing it every quarter.
- Interest is compounded yearly.
Deposit timing
Interest is calculated on the lowest balance between the 5th and the end of the month, so depositing before the 5th gives interest for that month.
Tax treatment
PPF has been in the exempt-exempt-exempt category under the old regime. Check the current rules.
A worked example
At an illustrative interest rate of 7.1 percent, depositing ₹1.5 lakh at the start of each year for 15 years builds a balance of about ₹40.7 lakh on ₹22.5 lakh deposited. The government changes the rate every quarter, so use the rate currently announced.
