PPF Calculator
Calculate Public Provident Fund (PPF) returns, maturity amount, and interest earnings. Plan 15-year investment with current PPF rates and tax-free returns for India.
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PPF Investment Details
₹
Minimum ₹500, Maximum ₹1,50,000 per year
Monthly equivalent: ₹12500
years
Minimum 15 years, extendable in 5-year blocks
% p.a.
Current rate: 7.1% (Q3 FY2024)
Note: PPF interest rates are set by the Government of India and reviewed quarterly. This calculator uses the rate you enter for the entire time period (actual rates may vary).
Maturity Summary
Maturity Value
$4068209.22
Tax-free amount at maturity
Total Investment
$2250000.00
Interest Earned
$1818209.22
Return on Investment
80.8%
Wealth gained
Tax-Free Returns
Your Investment:$2250000.00
Interest Earned (7.1% p.a.):+$1818209.22
Maturity Amount:$4068209.22
After 15 years • 100% Tax-Free
Tax Savings Summary
Annual 80C deduction: ₹150,000
Tax saved per year (30% bracket): ₹45,000
Total tax saved over 15 years: ₹675,000
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How to Use the PPF Calculator
Enter your planned annual PPF contribution (₹500 to ₹1,50,000), investment time period (minimum 15 years), and current interest rate (7.1% as of Q3 FY2024). The calculator shows your tax-free maturity amount.
PPF Key Features
- Contribution: ₹500 (min) to ₹1,50,000 (max) per year
- Tenure: 15 years (extendable in 5-year blocks)
- Interest: 7.1% p.a. compounded annually (Q3 FY2024)
- Taxation: EEE status - completely tax-free
- Safety: 100% government guaranteed
- Withdrawal: Partial from year 7, full at maturity
PPF Interest Rate History
| Period | Interest Rate |
|---|---|
| Q3 FY2024 (Oct-Dec 2023) | 7.1% |
| FY2023 | 7.1% |
| FY2020-2022 | 7.1% |
| FY2016-2019 | 7.6-8.0% |
PPF vs Other Tax-Saving Options
| Feature | PPF | ELSS | Tax-Saver FD |
|---|---|---|---|
| Lock-in | 15 years | 3 years | 5 years |
| Returns | 7.1% | 12-15%* | 6.5-7% |
| Tax on Returns | Nil | 10% above ₹1L | As per slab |
| Risk | Zero | Market risk | Zero |
*ELSS returns vary with market performance
Smart PPF Investment Tips
- Invest early in financial year: Deposits made before 5th of month earn interest for that month
- Max out ₹1.5L limit: Ensures maximum tax benefit and compound growth
- Open for minor: Parents can open PPF for children for long-term wealth creation
- Plan extension: After 15 years, extend with contributions for maximum growth
- Use for retirement: 30-year PPF can build substantial retirement corpus
Example: Investing ₹1.5L annually for 15 years at 7.1% = ₹40.7L maturity value. Extending for another 15 years (with contributions) can grow to ₹1.5 crores+ - completely tax-free!
Frequently Asked Questions
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