Enter your yearly deposit, the current PPF rate and tenure. Results update in real time as you adjust the sliders. The rate is set by the government each quarter.
Government rate, reviewed quarterly. 7.1% as of 2026.
| Year | Deposit (Year) | Interest (Year) | Total Deposited | Value |
|---|
What is the current PPF interest rate?
The PPF rate is set by the government every quarter and stands at 7.1% per year as of 2026, compounded annually. Rates are reviewed each quarter and can change, so check the current notification before planning.
How is PPF maturity calculated?
PPF compounds annually. With yearly deposits of P for n years at rate r, maturity = P x [((1 + r)^n - 1) / r] x (1 + r). A 1.5 lakh yearly deposit for 15 years at 7.1% grows to about 40.7 lakh. Adjust the sliders for your numbers.
Is PPF tax free?
Yes - PPF is EEE: deposits up to 1.5 lakh/year qualify under Section 80C, interest earned is tax free, and the maturity amount is tax free. It is one of the few truly tax-free instruments in India.
Can I extend PPF beyond 15 years?
Yes. After 15 years you can extend in blocks of 5 years - with or without fresh deposits - and the whole balance keeps earning tax-free interest. This calculator supports 15-50 year tenures to model that.
PPF vs ELSS: which is better?
PPF is risk-free with a guaranteed (government-set) rate and full tax exemption, making it ideal for conservative savers. ELSS (equity-linked savings) offers 80C deduction too, with higher expected returns but market risk and a 3-year lock-in. Many investors use both - PPF for the safe floor, ELSS for growth.
Calculations assume the same rate every year, but the government reviews the PPF rate quarterly and it can change. Deposits above the 1.5 lakh yearly cap earn no interest under the rules. This tool is for information only and is not financial advice.