💰 PPF Calculator | Public Provident Fund 💰
Calculate your tax-free returns and maturity amount for long-term wealth creation
PPF Projection Results
Year-wise Projection
| Year | Investment | Interest | Balance |
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📈 Understanding PPF (Public Provident Fund)
The Public Provident Fund (PPF) is a long-term savings scheme backed by the Government of India with attractive interest rates and tax benefits. It’s one of the safest investment options with EEE (Exempt-Exempt-Exempt) tax status.
Key Features of PPF
Tax-Free Returns
EEE (Exempt-Exempt-Exempt) status – Contributions, interest and withdrawals all tax-free
Government Backed
Complete capital protection as it’s backed by the Government of India
Long-Term Growth
15-year maturity period (extendable in blocks of 5 years)
Flexible Contributions
Invest from ₹500 to ₹1.5 lakh annually in flexible installments
💰 Tax Benefits of PPF
Section 80C Deduction
Contributions up to ₹1.5 lakh per year qualify for deduction under Section 80C
Tax-Free Interest
All interest earned is completely tax-free, unlike fixed deposits
Tax-Free Withdrawal
Entire maturity amount including interest is tax-free
📅 PPF Interest Calculation
PPF interest is calculated monthly but credited annually at the end of the financial year. The interest is compounded annually, meaning you earn interest on your interest.
Interest calculation formula:
F = P[({(1+i)^n}-1)/i]
Where:
F = Maturity amount
P = Annual investment
i = Interest rate (decimal)
n = Number of years
🔍 How PPF Compares to Other Investments
- vs Fixed Deposits: PPF offers tax-free returns while FD interest is taxable
- vs Mutual Funds: PPF has guaranteed returns while MFs are market-linked
- vs NPS: PPF offers complete tax-free withdrawal while NPS has annuity requirements
- vs Gold: PPF provides fixed returns while gold prices fluctuate
🔗 Related Financial Planning Tools
❓ Frequently Asked Questions
What is the current PPF interest rate?
The current PPF interest rate is 7.1% per annum (as of Q2 2023). The government reviews and revises this rate quarterly.
Can I extend my PPF account beyond 15 years?
Yes, you can extend your PPF account in blocks of 5 years after the initial 15-year maturity period.
What is the minimum and maximum investment in PPF?
Minimum ₹500 per year, maximum ₹1.5 lakh per year. You can deposit in lump sum or in installments.
Can I withdraw money from PPF before maturity?
Partial withdrawals are allowed from the 7th financial year, subject to certain conditions and limits.
Is PPF better than fixed deposit?
PPF offers tax-free returns while FD interest is taxable, making PPF more beneficial for investors in higher tax brackets.
For other PPF calculators, check out Groww’s PPF Calculator or ICICI Bank’s PPF Calculator.