PPF Calculator

A PPF Calculator is a tool used to calculate the amount of money an applicant can save in the Public Provident Fund (PPF) scheme. It considers the annual deposit, interest rate and term of the investment to determine how much money will be accumulated over an investment period. This calculator can help individuals assess their potential savings and plan their financial needs accordingly.

  • 500
  • 1.5L
  • 15
  • 50



Total Investment


Wealth Gained

PPF, known as Public Provident Fund, is a long term investment scheme that offers attractive interest rates and returns on the amount invested. The interest so earned and the returns are not taxable under the Income Tax Act.

PPF was introduced in India in 1968 with a motive to muster small savings in the investment form, paired with a return on it. The scheme continues to be many investors' favourite savings option as the returns are tax-free. PPF is also known as a savings-cum-tax-savings investment vehicle that allows the investors to form a retirement corpus while saving on annual taxes.

If you are seeking a safe and risk-free investment option to earn assured returns and save taxes, opening a PPF account would be the wiser choice.

What is a PPF Calculator?

Urban Money's PPF Calculator is an online tool to calculate the PPF maturity amount and the returns earned on it. The calculator will give an idea of how much returns you can earn on investing a specific amount in the PPF.

Once you have planned the amount you can invest on a regular basis, the PPF calculator will consider 15 years of tenure and the prevailing interest rate to calculate the returns.

PPF Interest Rates

The current PPF interest rate remains unchanged and will stay the same for the second quarter of 2022 for various small schemes. Given below is the history of PPF interest rates:

Financial Year Time Period PPF Interest Rate (per annum)
2021-2022 January 2022 – March 2022 7.10%
2021-2022 October 2021 – December 2021 7.10%
2021-2022 July 2021 – September 2021 7.10%
2021-2022 April 2021 – June 2021 7.10%
2020-2021 January 2021 – March 2021 7.10%
2020-2021 October 2020 – December 2020 7.10%
2020-2021 July 2020 – September 2020 7.10%
2020-2021 April 2020 – June 2020 7.10%
2020-2021 January 2020 – March 2020 7.90%
2019-2020 October 2019 – December 2019 7.90%
2019-2020 July 2019 – September 2019 7.90%
2019-2020 April 2019 – June 2019 8.00%
2018-2019 January 2019 – March 2019 8.00%
2018-2019 October 2018 – December 2018 8.00%
2018-2019 July 2018 – September 2018 8.00%
2018-2019 April 2018 – June 2018 7.60%
2017-2018 January 2018 – March 2018 7.60%
2017-2018 October 2017 – December 2017 7.80%
2017-2018 July 2017 – September 2017 7.80%
2017-2018 April 2017 – June 2017 7.90%
2015-2016 April 2015 – March 2016 8.70%
2014-2015 April 2014 – March 2015 8.70%
2013-2014 April 2013 – March 2014 8.70%
2012-2013 April 2012 – March 2013 8.80%
2011-2012 April 2011 – November 2011 8.00%
2011-2012 December 2011 – March 2012 8.60%
2010-2011 April 2010 – March 2011 8.00%
2009-2010 April 2009 – March 2010 8.00%
2008-2009 April 2008 – March 2009 8.00%
2007-2008 April 2007 – March 2008 8.00%
2006-2007 April 2006 – March 2007 8.00%
2005-2006 April 2005 – March 2006 8.00%
2004-2005 April 2004 – March 2005 8.00%

PPF Calculation Formula

Before you hop onto the PPF calculation formula, you must know that the interest on PPF is compounded annually.

The formula for calculating the PPF can be expressed as follows:

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


  • F = Maturity amount PPF
  • P = Annual instalments
  • i = Rate of interest/100
  • n = Number of years

For instance, if you pay ₹1,00,000 annually to your PPF account for 15 years continuously at an interest rate of 7.1%, your maturity will proceed at the end of 15 years. The PPF maturity amount would be ₹31,17,276.

Benefits of Using PPF Calculator

If you are going to open a PPF account, you might want to know about the interest rate, return you would earn on an investment, etc. Urban Money's PPF calculator helps you resolve such queries. Given below are some of the benefits of using the PPF calculator:

  • The PPF interest rate calculator helps you figure out the monthly changes made in the rate of interest.
  • The tool provides an estimation of total investment in a financial year.
  • PPF maturity calculator determines the maturity period of your investment.
  • The calculator saves you from paying a hefty tax.
  • The tool provides you with accurate results if you furnish the right deposited amount along with the type of deposit, i.e. fixed or variable.
  • The PPF calculator allows users to determine the amount of interest they can earn with an investment of a certain amount of money. 

How to Use the PPF Calculator?

Urban Money's PPF calculator is easy to use. All you need to do is enter the right values in the required fields. Here is a step-by-step guide to making use of this free calculator:

Step 1: Click on the drop-down menu under the 'Frequency of Investment' field. You will find several options under that menu, such as monthly, quarterly, half-yearly and yearly.

Step 2: Choose an option from the drop-down menu, depending on your convenience of how often you can deposit into the PPF account.

Step 3: Enter the amount you can deposit in your PPF account over a financial year under the 'Yearly Deposit Amount' option.

Note: The maximum amount you can deposit in the PPF account is ₹1.5 lakh every financial year.

Step 4: The current interest rate will be provided by default, depending on the information you have furnished.

Step 5: Click on the dot and drag the point to the right based on the number of years you want to invest in the PPF account. The default choice in the calculator is 15 years (the minimum investment period). You will be able to see the numeric value of your selection at the right end of the slide.

Urban Money's calculator will automatically calculate the maturity amount that you can expect from your PPF account, depending on the values you have furnished and the interest rate applicable at the current time.

Benefits of Investing in PPF

Given below are the following benefits of investing in PPF:

  • Compounded interest rate
  • Risk-free returns as the returns on PPF are independent of market volatility
  • Long-term investment for 15 years
  • Tax deduction as per Section 80C of the Income Tax Act
  • Low investment amount of ₹500
  • Loans and advances against PPF balance
  • From the seventh financial year, you get a partial withdrawal facility

Tax Benefits of PPF Account

Public Provident Fund is an investment vehicle that falls under the category of EEE (Exempt-Exempt-Exempt). In other terms, this means that every deposit in the PPF is deductible under Section 80C of the Income Tax. 

Nevertheless, it must be noted that the maximum contribution in PPF should not exceed ₹1.5 lakh in one financial year. Moreover, the accumulated amount and interest are also exempted from tax during the withdrawal period.

Note: You cannot close your PPF account before the maturity date.

However, you can transfer your PPF account from one point of designation to another. In case you are a nominee and wish to close the PPF account prematurely, it will be only in the case of the account holder's demise. As a nominee, you can file for the closure of the account.

Eligibility Criteria for PPF Account

If you want to open a PPF account, you must satisfy the following criteria:

  • You should be an Indian citizen
  • Should hold only one PPF account, unless the second one is in the name of a minor
  • NRIs and HUFs cannot open a PPF account. However, if you already have an existing PPF account, it must stay active until its date of maturity. Your account cannot be extended for five years, as in the case of an Indian citizen.

Documents Required for Opening a PPF Account

You would require the below-given documents to open a PPF account are as follows:

  • Duly filled account opening application form
  • KYC documents, including your PAN Card, Aadhaar Card, Driving Licence, Voters ID, etc.
  • Passport size photograph
  • Residential address proof
  • A nominee declaration form

Once you have submitted these documents, you have to deposit the prescribed amount towards the opening of the account.

How to Open a PPF Account in a Post Office?

You can open a PPF account at your nearest post office following the steps mentioned below:

Step 1: Visit your nearest post office and get an application form for opening a PPF account.

Step 2: Fill out the application form and submit it with all required KYC documents along with a passport size photograph.

Step 3: Submit an initial deposit amount required to open a PPF account at the post office. The amount can vary from ₹500 up to ₹1.5 lakh every financial year.

Step 4: After the successful processing of your application, you will receive a passbook for the PPF account opened.


Frequently Asked Questions (FAQs)

How much do I get after 15 years in PPF?

You can withdraw all of the PPF money along with the interest amount on the same after 15 years in PPF.

Is PPF better than LIC?

PPF and LIC are two completely different schemes. While LIC serves the purpose of insurance, PPF serves the purpose of savings.

How do you calculate PPF?

You can calculate the interest on PPF on the lowest balance in the PPF account between the 5th day and the end of the month.

Which is better, PPF or FD?

PPF and FD are different, and hence, both of them have their own pros and cons. While FD has a lesser lock-in period of 5 years, PPF has a lock-in period of 15 years. On the other hand, PPF is a risk-free investment. But, FD could be risky as the interest earned here is taxable.

Is PPF risk-free?

As PPF is backed by the Government of India, it is considered a risk-free investment.

Can a person have two PPF accounts?

No, a person can’t have more than one PPF account.

Can husband and wife both have a PPF account?

Yes, both husband and wife can have a single PPF account, but one cannot invest more than ₹1.5 lakh in their PPF account in a specific year. Also, an earning individual is allowed to have only one PPF account.

Can I withdraw PPF after five years?

Yes, once you have completed the five years of continuous contributions of money in your PPF account, you can withdraw the money. You need to obtain Form C from your bank, fill it out and submit it to the same.

Can we take a loan against PPF?

Yes, you can avail of a loan against the PPF amount in your account at competitive rates, specifically when it is borrowed for a short period.

Is TDS deducted from PPF?

No, TDS is not deducted from PPF as it is exempt from the Income Tax.

How is the PPF maturity amount calculated?

One can determine the PPF maturity amount using the following formula:

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

Where F is the PPF maturity amount, P is the principal amount, i is the interest rate/100 and n is the number of years.

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