PPF Calculator
Calculate your PPF returns with PayClever — enter your annual contribution, investment period, and any existing balance to see your maturity value, total contribution, and interest earned.
Your estimated maturity value
₹40,68,209
- Total contribution
- ₹22,50,000
- Total interest earned
- ₹18,18,209
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Estimated maturity
₹40,68,209
Contributed: ₹22.50 Lakh · Interest: ₹18.18 Lakh
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Year-by-year balance
For ₹1,50,000/year at 7.1% p.a. over 15 years. Years beyond 15 are an extension block.
| Year | Contribution | Interest earned | Closing balance |
|---|---|---|---|
| 1 | ₹1,50,000 | ₹10,650 | ₹1,60,650 |
| 2 | ₹1,50,000 | ₹22,056 | ₹3,32,706 |
| 3 | ₹1,50,000 | ₹34,272 | ₹5,16,978 |
| 4 | ₹1,50,000 | ₹47,355 | ₹7,14,334 |
| 5 | ₹1,50,000 | ₹61,368 | ₹9,25,701 |
| 6 | ₹1,50,000 | ₹76,375 | ₹11,52,076 |
| 7 | ₹1,50,000 | ₹92,447 | ₹13,94,524 |
| 8 | ₹1,50,000 | ₹1,09,661 | ₹16,54,185 |
| 9 | ₹1,50,000 | ₹1,28,097 | ₹19,32,282 |
| 10 | ₹1,50,000 | ₹1,47,842 | ₹22,30,124 |
| 11 | ₹1,50,000 | ₹1,68,989 | ₹25,49,113 |
| 12 | ₹1,50,000 | ₹1,91,637 | ₹28,90,750 |
| 13 | ₹1,50,000 | ₹2,15,893 | ₹32,56,643 |
| 14 | ₹1,50,000 | ₹2,41,872 | ₹36,48,515 |
| 15 | ₹1,50,000 | ₹2,69,695 | ₹40,68,209 |
Maturity value on common annual contributions
Illustrative outcomes over the full 15-year lock-in at the current 7.1% p.a. rate, with no starting balance.
| Annual contribution | Total contribution | Maturity value |
|---|---|---|
| ₹50,000/year | ₹7.50 Lakh | ₹13.56 Lakh |
| ₹1,00,000/year | ₹15 Lakh | ₹27.12 Lakh |
| ₹1,50,000/year | ₹22.50 Lakh | ₹40.68 Lakh |
How PPF growth actually works
Every year, your PPF balance grows the same way: whatever you deposit gets added to your existing balance, and then the government-set rate is applied to the whole thing for that year — closing balance = (opening balance + this year's contribution) × (1 + rate). Because interest is calculated on your full balance, not just your original deposits, the gap between what you've put in and what your account is actually worth grows faster in the later years than the earlier ones, even though your contribution stays the same every year.
PPF's real interest calculation is monthly, not annual — it uses whichever balance is lowest in your account between the 5th and the last day of a given month. Someone who deposits their full ₹1,50,000 on April 1st earns interest on that money for all twelve months of the year; someone who deposits the same amount on April 20th loses that first month's interest on it entirely. Over a 15-year account, that difference compounds into a meaningfully smaller maturity value — it's one of the few genuinely free ways to improve your PPF returns without depositing a single extra rupee.
Unlike a bank FD or most market-linked investments, PPF's EEE tax status means none of this growth is taxed at any point — not your contribution (deductible under Section 80C, old regime only), not the annual interest, and not the final maturity amount. That's a meaningful part of PPF's real return that a simple rate comparison against a taxable FD or bond would understate.
Frequently asked questions
How is PPF interest calculated?
PPF interest compounds annually, but it's actually calculated monthly on the lowest balance in your account between the 5th and the last day of that month — which is why the standard advice is to deposit before the 5th of the month (ideally the 5th of April, the start of the financial year) to earn interest on that contribution for the full year rather than losing a month.
What are the PPF contribution limits?
You can deposit a minimum of ₹500 and a maximum of ₹1,50,000 in a financial year, across all PPF accounts you hold (including a minor's account you operate). Any amount above ₹1,50,000/year doesn't earn interest and isn't eligible for a Section 80C deduction — it's effectively a wasted deposit.
What happens after my PPF matures in 15 years?
You can withdraw the full maturity amount tax-free, or extend the account in blocks of 5 years — with or without making further contributions. If you extend without contributing, your existing balance keeps earning interest but you can't deposit new money into that block; if you extend with contributions, it continues exactly like the original 15-year account.
Is PPF interest and maturity amount taxable?
No — PPF has "EEE" (Exempt-Exempt-Exempt) tax status: your contribution is deductible under Section 80C (up to ₹1,50,000/year, within its overall combined limit, and only under the old tax regime), the interest earned every year is tax-free, and the maturity amount is entirely tax-free when withdrawn. This is one of the few investments in India with tax-free status at every stage.
Can I withdraw from my PPF before maturity?
Partial withdrawals are allowed from the 7th financial year onward, subject to a limit tied to your balance a few years prior. Separately, you can take a loan against your PPF balance between the 3rd and 6th financial year. Before the 7th year, your money is otherwise locked in — PPF isn't designed for money you might need on short notice.
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FY 2026-27 · Last updated September 2026
PayClever gives you an informational estimate, not tax, legal, or financial advice — check with a professional before acting on it.