What is the current PPF rate?

The rate is announced quarterly by the government. It has hovered between 7 and 8 percent in recent years, but it can move with prevailing yields.

Can I extend after 15 years?

Yes. PPF can be extended in five-year blocks indefinitely, with or without further contributions. Extensions keep interest compounding tax-free.

Should I deposit at the start of the year?

Yes. Interest is calculated on the lowest balance between the 5th and the last day of each month. Depositing before the 5th of April maximises annual interest.

How does PPF compare to ELSS?

PPF is safer with guaranteed tax-free returns. ELSS has higher expected returns with market risk and a shorter three-year lock-in.

PPF maturity calculator

The Public Provident Fund remains one of the most popular tax-free, government-backed savings options in India. This calculator shows the maturity value of disciplined yearly deposits over the standard 15-year lock-in or any longer extension.

PPF maturity calculator

Calculate Public Provident Fund maturity value — tax-free, government-guaranteed.

Yearly deposit (max ₹1.5L)

₹1.5 L

PPF interest rate (% p.a.)

7.1%

Investment duration (years)

15 yrs

Maturity value

₹40.7 L

100% tax-free (EEE status)

Total invested

₹22.5 L

Tax-free gains

₹18.2 L

PPF interest is government-declared each quarter. Current rate is 7.1% p.a. (Q1 FY 2024-25). Minimum lock-in is 15 years; can be extended in 5-year blocks. Deposits qualify for Sec 80C deduction.

How this is calculated

Inputs you provide: annual deposit, current PPF interest rate, and tenure in years.
Each yearly deposit compounds annually at the current rate.
Maturity value is the sum of compounded contributions across all years.
Maximum annual deposit is capped at 1.5 lakh per individual under existing rules.
Both contribution and maturity are exempt from income tax (EEE).

Common questions

What is the current PPF rate?: The rate is announced quarterly by the government. It has hovered between 7 and 8 percent in recent years, but it can move with prevailing yields.
Can I extend after 15 years?: Yes. PPF can be extended in five-year blocks indefinitely, with or without further contributions. Extensions keep interest compounding tax-free.
Should I deposit at the start of the year?: Yes. Interest is calculated on the lowest balance between the 5th and the last day of each month. Depositing before the 5th of April maximises annual interest.
How does PPF compare to ELSS?: PPF is safer with guaranteed tax-free returns. ELSS has higher expected returns with market risk and a shorter three-year lock-in.