PPF Calculator

15-yr maturity · EEE tax status
₹1,50,000
₹0
Maturity value
₹0
Total invested
₹0
Interest earned
15 yrs
Locked horizon
₹0
Est. tax saved (30% slab)

EEE — tax-free at every step

Related calculators

PPF rules at a glance

  • Tenure: 15 years, extend indefinitely in 5-year blocks (with/without contributions).
  • Deposit: ₹500-₹1.5 lakh/year (max also gets full 80C tax benefit).
  • Tax: Exempt-Exempt-Exempt — deduction at deposit, no tax on interest, no tax at maturity.
  • Withdrawal: 1st withdrawal after 6th financial year (up to 50% of balance at end of 4 yrs prior). Loan permitted from 3rd to 6th year.

PPF maturity chart: ₹1.5 lakh a year for 15 years at 7.1%

This is the schedule most searched for — the full year-by-year growth of a maximum-contribution PPF account at the current 7.1% rate (interest credited annually, deposits assumed at the start of each financial year):

YearDepositInterestClosing balance
1₹1,50,000₹10,650₹1,60,650
2₹1,50,000₹22,056₹3,32,706
3₹1,50,000₹34,272₹5,16,978
4₹1,50,000₹47,355₹7,14,334
5₹1,50,000₹61,368₹9,25,701
6₹1,50,000₹76,375₹11,52,076
7₹1,50,000₹92,447₹13,94,524
8₹1,50,000₹1,09,661₹16,54,185
9₹1,50,000₹1,28,097₹19,32,282
10₹1,50,000₹1,47,842₹22,30,124
11₹1,50,000₹1,68,989₹25,49,113
12₹1,50,000₹1,91,637₹28,90,750
13₹1,50,000₹2,15,893₹32,56,643
14₹1,50,000₹2,41,872₹36,48,515
15₹1,50,000₹2,69,695₹40,68,209
Total₹22,50,000₹18,18,209₹40,68,209

Indicative schedule at 7.1% p.a. with deposits made at the start of each FY. Use the calculator above for your own amount, tenure and rate — and see the PPF Calculator guide for rules, tax benefits and strategies.

How this calculator works

The tool compounds your annual deposit at the PPF rate you enter (current headline rate: 7.1% p.a., reset quarterly by the Ministry of Finance) and shows the year-wise balance. Rate assumes the quarter in force as of August 2026; revisit whenever the quarterly reset changes it. All maths runs in your browser — nothing is stored. Content reviewed and updated for 2026.

Tip: deposit between Apr 1 and 5th of any month to get an extra month's interest, since interest is calculated on the lowest balance between 5th and month-end.

Frequently asked questions

How much will ₹1.5 lakh a year in PPF be worth after 15 years?

At the current 7.1% rate, ₹1.5 lakh deposited every year for 15 years matures at about ₹40.68 lakh — ₹22.5 lakh of your own deposits plus roughly ₹18.2 lakh of tax-free interest. The full year-by-year chart is in the table above.

What is the PPF interest rate for the current quarter?

7.1% p.a. as of the quarter covering August 2026. PPF rates are reset quarterly by the Ministry of Finance based on G-sec yields; the calculator lets you model any rate.

Is PPF interest taxable?

No. PPF is EEE (Exempt-Exempt-Exempt) — you get 80C deduction on deposit, no tax on the interest earned each year and the maturity amount is tax-free.

Can I deposit more than ₹1.5 lakh a year?

You can, but the interest on the excess and any 80C deduction above ₹1.5L is not allowed. Best practice is to keep it within the annual cap.

How often is the interest rate revised?

PPF rates are reset every quarter by the Ministry of Finance based on the G-sec yield. This calculator uses a single rate for simplicity — revisit if rates change.

What happens at year 15 if I need money?

You can withdraw 100% of the balance including interest, or extend (with/without further deposits) in 5-year blocks. Withdrawal ability of 60% can be exercised during extension.

Is an NRI allowed to keep a PPF account?

An NRI cannot open a new PPF account. Existing accounts continue until maturity — but cannot be extended once you become an NRI.