Is PPF interest tax free?

Yes. PPF has EEE status: deposits are deductible under 80C (old regime), and the interest and maturity amount are completely tax free under both regimes.

What is the maximum I can invest in PPF?

₹1,50,000 per financial year across all your PPF accounts, including accounts opened for minor children.

Can I withdraw from PPF before 15 years?

Partial withdrawals are allowed from the 7th financial year, and premature closure is allowed after 5 years for specific reasons such as medical treatment or higher education, with a 1% interest penalty.

What happens after PPF matures?

You can withdraw the full amount, or extend the account in blocks of 5 years with or without further deposits. The balance keeps earning tax-free interest.

Free investment tool

PPF Calculator: Public Provident Fund Maturity

The Public Provident Fund is a government-backed, tax-free savings scheme with a 15-year lock-in. This PPF calculator shows your maturity amount based on how much you deposit each year and the current interest rate.

Free, no sign-up · Last reviewed 12 November 2026

Yearly investment

₹

Between ₹500 and ₹1,50,000 a year.

PPF interest rate (p.a.)

Currently 7.1%, set by the government every quarter.

Time period

yrs

15 year lock-in, then extend in blocks of 5 years.

Expected inflation (p.a.)

Shows what the maturity amount is worth in today's money. India's long-run average is around 5 to 6%. Set to 0 to ignore inflation.

Maturity value

₹40.68 Lakh

₹40,68,209

Invested

₹22.5 Lakh

Interest earned

₹18.18 Lakh

Worth in today's money

₹16.98 Lakh

What ₹40.68 Lakh after 15 years can buy today, at 6% inflation.

Invested₹22.5 Lakh · 55%
Interest₹18.18 Lakh · 45%

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Send it to a friend or your consultant. The link opens with these exact numbers.

Growth over time

Extend your account in blocks of 5 years to see how the corpus snowballs, and set an inflation rate to understand its value in today's money.

How PPF maturity is calculated

F = P × [((1 + i)ⁿ − 1) ÷ i] × (1 + i)

F: Maturity amount
P: Yearly deposit (₹500 to ₹1,50,000)
i: Annual interest rate (currently 7.1%)
n: Number of years (15, 20, 25 and so on)

Interest is calculated monthly on the lowest balance between the 5th and the last day of the month, and credited once a year. Depositing before 5 April each year earns interest for the full year, which is what this calculator assumes.

PPF has EEE tax status: deposits qualify for 80C under the old regime, and both interest and maturity are fully tax free.

PPF rules to know

A few rules decide how much you can get out of a PPF account.

Minimum deposit ₹500 and maximum ₹1,50,000 per financial year.
Partial withdrawals are allowed from the 7th financial year.
Loans against PPF are available from the 3rd to the 6th year.
After 15 years you can extend in blocks of 5 years, with or without fresh deposits.

Questions

PPF Calculator: frequently asked questions

7.1% a year for October to December 2026. The government reviews small savings rates every quarter, and the PPF rate has stayed at 7.1% since April 2020.