PPF (Public Provident Fund) Calculator (India)
Projects 15-year tax-free wealth accumulation, yearly interest compounding, and 5-year extension blocks under the Government of India PPF scheme.
How This Calculation Formula is Formulated
Public Provident Fund (PPF) is an Indian government-backed sovereign savings scheme. Interest is calculated monthly on the lowest balance between the 5th and the last day of each month, and credited to the account annually at the end of each financial year (March 31st).
Variable Definitions & Measurement Units
Full ₹1,50,000 Yearly Contribution for 15 Years at 7.1%
Exempt-Exempt-Exempt (EEE) Tax Status
PPF enjoys the coveted EEE tax status in India: deposits qualify for Section 80C tax deduction (Exempt), interest earned is completely tax-free under Section 10(11) (Exempt), and the full maturity proceeds are tax-free on withdrawal (Exempt).
To maximize interest, always deposit funds before the 5th of every month (ideally before April 5th for lump-sum deposits) so the deposit earns interest for the entire month.
Frequently Asked Questions About PPF (Public Provident Fund) Calculator (India)
What is the maximum amount I can deposit in PPF per year?
The maximum statutory limit is ₹1,50,000 per financial year across all PPF accounts held by an individual (including accounts opened on behalf of minor children).
Can I extend my PPF account after 15 years?
Yes. PPF accounts can be extended indefinitely in blocks of 5 years, either with fresh contributions (earning both tax deduction and interest) or without contributions (earning interest on existing balance).
When can I take a loan or partial withdrawal from PPF?
Loans are available from the 3rd to 6th financial year (up to 25% of balance). Partial withdrawals are permitted from the 7th financial year onwards (up to 50% of 4th preceding year's balance).
Can a PPF account be attached by a court decree for debt recovery?
No. Under Section 15 of the PPF Act, PPF balances cannot be attached by any court decree or order in respect of any debt or liability incurred by the account holder.
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