PPF Calculator
India 2026

PPF interest rate is set quarterly by the Government of India (Ministry of Finance) and credited annually. For the current quarter — Q3 of FY 2026-27, 1 October to 31 December 2026 — the rate is 7.1% per annum, compounded yearly, and it has been 7.1% every quarter since April 2020.

Earlier: 2018-19 was 8%. Because the rate is reset quarterly, check the latest Ministry of Finance circular before relying on a long-range projection.

₹1.5 lakh per financial year is the maximum, across all PPF accounts in your name (you can only have one). Minimum is ₹500/year to keep the account active.

Contributions can be made in lump sum or up to 12 instalments per year. Contributions made before the 5th of the month earn interest for that month; contributions after the 5th earn interest only from the next month — so deposit early in the month for maximum returns.

PPF has a 15-year lock-in from the financial year you open the account. After 15 years, you can: (1) withdraw the full maturity amount, (2) extend in 5-year blocks indefinitely with or without further contributions, or (3) extend with contributions and partial withdrawals allowed.

Partial withdrawals are allowed from year 7 onwards (limited to 50% of the balance at end of year 4).

Yes — PPF is one of India's few EEE (Exempt-Exempt-Exempt) instruments. Contributions are deductible under Section 80C up to ₹1.5 lakh per year (within the overall 80C limit).

Interest earned is fully tax-free. Maturity proceeds are fully tax-free.

This makes PPF one of the most tax-efficient long-term savings instruments in India, especially for those in the 30% tax bracket.

PPF: 7.1% guaranteed, 15-year lock-in, EEE tax status, government-backed. ELSS: equity-linked, 12-15% historical CAGR, only 3-year lock-in, but returns and maturity taxed under LTCG (12.5% above ₹1.25 lakh of gains per FY).

NPS Tier 1: 9-12% historical CAGR, lock-in until 60, partial taxation on maturity, extra ₹50k 80CCD(1B) deduction. For risk-averse savers: PPF.

For wealth building under 80C: ELSS. For retirement: NPS.

Many Indians use all three for diversification. Salaried employees also build a pension outside 80C: the employer's 8.33% EPS share, which pays wages × service ÷ 70 for life.

See the EPS pension calculator at /in/tools/eps-pension-calculator.

No. You can only hold one PPF account in your own name. You can also open one PPF account each for your minor children (operated by you as guardian).

The ₹1.5 lakh annual limit is per individual — meaning if you contribute ₹1.5 lakh to your own PPF, you cannot contribute to your minor's PPF in that year. Multiple accounts in one's own name will lead to closure of the duplicate and forfeiture of interest.

Investing the full ₹1.5 lakh annual limit at the current 7.1% rate (Q3 FY 2026-27) matures to approximately ₹40.68 lakh after the 15-year base term — that is ₹22.5 lakh invested plus about ₹18.18 lakh of tax-free interest. If you extend the account in 5-year blocks and keep contributing ₹1.5 lakh/year, the corpus reaches roughly ₹66.58 lakh at 20 years and ₹1.03 crore at 25 years.

The rate is revised quarterly, so the final figure depends on future rates.

₹5,000 a month is ₹60,000 a year. At 7.1%, that grows to about ₹16.27 lakh over the 15-year term, ₹26.63 lakh over 20 years, and ₹41.23 lakh over 25 years — all completely tax-free under PPF's EEE status.

Because PPF compounds annually, the later years contribute the most growth, so staying invested through extension blocks meaningfully increases the corpus. See the PPF maturity table below for other deposit amounts.