india • INR

PPF Calculator India 2026

Advanced PPF Calculator India 2026. Calculate Public Provident Fund maturity value at the notified 7.1% interest rate, Section 80C tax savings, withdrawal rules and extension returns. Verified against the Public Provident Fund Scheme, 1968 and NSI rate notifications.

Last revised 26 September 2026

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Deposit Details

Annual Deposit (₹)

Minimum ₹500, maximum ₹1,50,000 per year. If you choose Monthly, enter the monthly instalment (maximum ₹12,500).

Deposit Frequency

Annual assumes the full amount goes in on or before 5 April, so it earns interest for all 12 months. Monthly assumes one instalment by the 5th of each month, so it earns less.

Current PPF Interest Rate (%)

7.1% p.a. as notified by the Ministry of Finance (in force since Q2 FY 2023-24; reviewed quarterly).

Deposit Tenure (Years)

Minimum 15 years mandatory lock-in.

Current PPF Balance (₹)

If you already have an existing PPF account.

Tax & Extension Settings

Tax Regime

Extension Years

5-year blocks (max 5 extensions).

Financial Disclaimer: This calculator provides an estimate only, based on the deposit amount, tenure, and interest rate you enter. It does not account for future PPF rate revisions, irregular deposits, or partial withdrawals/loans against the balance. It is not an official PPF passbook, guaranteed return, or financial or tax advice. Verify your actual balance with your bank or post office PPF passbook and consult a qualified financial adviser before making investment decisions. Full disclaimer.

Sources & methodology

Formula:: Compound interest computation under the Public Provident Fund Scheme, 1968, using the small-savings interest rate notified quarterly by the Ministry of Finance.
Reference:: National Savings Institute, Ministry of Finance
Rates for:: 2026/27
Figures verified:: August 2026 — checked against the primary source above
Content last updated:: September 2026
Scheduled re-verification:: October 2026

Calculation type: Projection from your assumptions. Uses 2026 rates and thresholds. Figures are taken from National Savings Institute, Ministry of Finance and India Post, Department of Posts and National Savings Institute, Department of Economic Affairs, Ministry of Finance — see sources below.

Reviewed by Team GlobalCalqulate — Verifies each figure against the issuing authority's published source · Checked 9 August 2026

Your entries stay on this device. This calculator runs entirely in your browser — the figures you type are not sent to us or to anyone else. The page itself uses cookies for analytics and advertising, described in the privacy policy.

Formula & methodology

Formula used

Annual deposit (by 5 April): Interest_y = (Balance_(y-1) + Deposit_y) × r; Monthly deposits: Interest_y = Σ over months m=1..12 of (Balance_(y-1) + m × Instalment) × r / 12; Balance_y = Balance_(y-1) + Deposits_y + Interest_y

PPF interest is calculated each month on the lowest balance between the 5th and the last day of that month, and credited once a year on 31 March. For an annual deposit made on or before 5 April, the whole deposit counts in all 12 months, so the year's interest is the notified rate on opening balance plus deposit. For monthly deposits, each instalment (made by the 5th) counts only from its own month onward, so the year's interest is lower than for the same total paid up front. The final balance after 15 years (or longer, if extended in 5-year blocks) is the maturity value, all of it tax-free under Section 10(11).

Origin: Compound interest computation under the Public Provident Fund Scheme, 1968, using the small-savings interest rate notified quarterly by the Ministry of Finance.

Variable definitions

Symbol	Meaning	Unit
Balance_y	Year-end balance. The PPF account balance at the end of year y, after that year's deposit and interest.	currency
Deposit_y	Annual deposit. The amount deposited in year y (minimum ₹500, maximum ₹1,50,000 per financial year).	currency
r	Notified interest rate. The PPF interest rate notified by the Ministry of Finance for the current quarter, compounded annually.	percent

Limitations

Assumes the notified rate stays constant for the full tenure entered; in reality it is reviewed and can change every quarter.
Deposit timing is simplified to two patterns: one annual deposit on or before 5 April, or twelve monthly instalments each made by the 5th of the month. A deposit made after the 5th of a month earns nothing for that month, and an annual deposit made later in the year earns less than shown; neither is modelled.
An extension after maturity is modelled as continuing to deposit the same amount every year (extension with contribution). An extension without further deposits, where the balance only earns interest, is not modelled.
Does not model loans against the balance (available years 3-6) or partial withdrawals (available from year 7), both of which reduce the compounding base if used.

This page is educational. It applies published rates and thresholds to the figures you enter and shows the arithmetic behind the result. It is an estimate, not a tax determination: your actual liability depends on circumstances this calculator does not collect, and only the relevant tax authority — or an accountant who can see your full position — can confirm what you owe.

Sources & references

Public Provident Fund Scheme, 1968 — Government of India — National Savings Institute, Ministry of Finance
Small Savings Interest Rates — Ministry of Finance notifications — National Savings Institute / Ministry of Finance
PPF Interest Rate & Rules — India Post — India Post, Department of Posts
Interest rates for Small Savings Schemes for Q2 FY 2026-27 — National Savings Institute, Department of Economic Affairs, Ministry of Finance

Help & FAQs

Frequently Asked Questions

Clear answers to common questions to help you use this calculator confidently.

What is the current PPF interest rate in India?

Tap to view the answer

The PPF interest rate is 7.1% per annum, compounded annually, as notified by the Ministry of Finance (National Savings Institute) for the current quarter. This rate has held steady since Q2 FY 2023-24. Rates are reviewed quarterly — check nsiindia.gov.in or indiapost.gov.in for the latest notification.

Is PPF completely tax-free in India?

Tap to view the answer

Yes. PPF falls under the EEE (Exempt-Exempt-Exempt) category — deposits qualify for a Section 80C deduction (up to ₹1.5L/year), interest earned is tax-free, and the maturity amount is fully exempt from tax.

What is the lock-in period for PPF, and can I extend it?

Tap to view the answer

PPF has a mandatory 15-year lock-in. After maturity, you can withdraw the full balance tax-free, or extend the account in blocks of 5 years — with or without further contributions. Partial withdrawals (up to 50% of the balance at the end of the 4th preceding year) are allowed from the 7th year.

Can I take a loan against my PPF balance?

Tap to view the answer

Yes, from the 3rd year to the 6th year. The loan is capped at 25% of the balance at the end of the 2nd preceding year (PPF Scheme, 1968, r. 13), at an interest rate of 1% above the PPF rate, and must be repaid within 36 months.

Can NRIs open or continue a PPF account?

Tap to view the answer

NRIs cannot open new PPF accounts. An existing account opened while resident in India can continue until its original maturity date but cannot be extended afterward.

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Sources & methodology

Formula:

Compound interest computation under the Public Provident Fund Scheme, 1968, using the small-savings interest rate notified quarterly by the Ministry of Finance.

Reference:

National Savings Institute, Ministry of Finance

Rates for:

2026/27

Figures verified:

August 2026 — checked against the primary source above

Content last updated:

September 2026

Scheduled re-verification:

October 2026

How to Use This Calculator

Enter Annual Deposit

Input the yearly contribution (up to ₹1.5L). Use ₹1.5L for maximum benefit.

Set Interest Rate

Current PPF rate is 7.1% p.a. (notified; subject to quarterly revision by the Ministry of Finance).

Choose Deposit Frequency

Annual assumes one deposit on or before 5 April and earns interest for all 12 months; monthly assumes an instalment by the 5th of each month, so each one earns only for the months remaining and the maturity is lower for the same yearly total.

Toggle Tax & Extension

See 80C tax savings and the impact of extending beyond 15 years.

Review Results

See maturity value, interest, tax savings, and loan eligibility.

Understanding Your Results

EEE Tax Benefit
PPF offers EEE (Exempt-Exempt-Exempt) – deposits qualify for Section 80C, interest is tax-free, and maturity is tax-free.
Maturity Value
The total amount at account maturity (15 years) with annual compounding at the notified rate.
Loan Eligibility
From the 3rd year, you can take a loan of up to 25% of the balance at the end of the 2nd preceding year (PPF Scheme, 1968).
Extension Benefit
Extending PPF beyond 15 years continues the tax-free growth with optional or no further deposits.

Key Tips

✓
Max out the ₹1.5L annual limit to fully utilise the 80C benefit and maximise tax-free compounding.
✓
PPF carries sovereign (Government of India) backing – 7.1% tax-free return with capital protection.
✓
Deposit early in the financial year (before the 5th of April) for maximum interest on the entire year's balance.
✓
PPF can be extended in 5-year blocks after maturity – continue the tax-free growth.
✓
Loan against PPF is available from the 3rd year at 1% above the PPF rate.

Understanding Public Provident Fund (PPF) in India

What is PPF?

PPF is a Government of India-backed long-term savings scheme under the Public Provident Fund Scheme, 1968. It offers a notified interest rate (7.1% p.a. as notified for small savings, in force since Q2 FY 2023-24), compounded annually, with a 15-year lock-in period. PPF accounts are available through designated banks and all post offices.

The EEE Tax Benefit

PPF is EEE: Exempt on deposits (Section 80C up to ₹1.5L), Exempt on interest, and Exempt on maturity. This makes it one of the most tax-efficient investments in India.

PPF Interest Rate 2026 (Notified Rate)

The PPF interest rate is 7.1% per annum, as notified by the Ministry of Finance for small savings schemes. The rate has been held at 7.1% continuously since Q2 FY 2023-24. Interest is reviewed quarterly by the Government; the notified rate is published by the National Savings Institute (nsiindia.gov.in) and India Post.

Lock-in and Maturity

PPF has a mandatory 15-year lock-in. After maturity, you can withdraw the full balance tax-free or extend the account in 5-year blocks with or without further contributions. Partial withdrawals are allowed from the 7th year (up to 50% of the balance at the end of the 4th preceding year).

Loan Against PPF

From the 3rd year to the 6th year, you can take a loan of up to 25% of the balance at the end of the 2nd preceding year (PPF Scheme, 1968, r. 13). The loan interest rate is 1% above the PPF rate. The loan must be repaid within 36 months.

PPF for NRIs

NRIs cannot open new PPF accounts. Existing accounts opened while resident can continue until maturity but cannot be extended. Alternatives include NRE/NRO FDs or NPS.

Sources & References

Public Provident Fund Scheme, 1968 (as amended) — available at nsiindia.gov.in. Small-savings interest-rate notifications, Ministry of Finance — nsiindia.gov.in. PPF account rules & rate confirmation — indiapost.gov.in. Figures on this page use the notified 7.1% rate.

Formula & methodology

Formula used

Annual deposit (by 5 April): Interest_y = (Balance_(y-1) + Deposit_y) × r; Monthly deposits: Interest_y = Σ over months m=1..12 of (Balance_(y-1) + m × Instalment) × r / 12; Balance_y = Balance_(y-1) + Deposits_y + Interest_y

Origin: Compound interest computation under the Public Provident Fund Scheme, 1968, using the small-savings interest rate notified quarterly by the Ministry of Finance.

Variable definitions

Symbol	Meaning	Unit
Balance_y	Year-end balance. The PPF account balance at the end of year y, after that year's deposit and interest.	currency
Deposit_y	Annual deposit. The amount deposited in year y (minimum ₹500, maximum ₹1,50,000 per financial year).	currency
r	Notified interest rate. The PPF interest rate notified by the Ministry of Finance for the current quarter, compounded annually.	percent

Limitations

Assumes the notified rate stays constant for the full tenure entered; in reality it is reviewed and can change every quarter.
Deposit timing is simplified to two patterns: one annual deposit on or before 5 April, or twelve monthly instalments each made by the 5th of the month. A deposit made after the 5th of a month earns nothing for that month, and an annual deposit made later in the year earns less than shown; neither is modelled.
An extension after maturity is modelled as continuing to deposit the same amount every year (extension with contribution). An extension without further deposits, where the balance only earns interest, is not modelled.
Does not model loans against the balance (available years 3-6) or partial withdrawals (available from year 7), both of which reduce the compounding base if used.

Calculator inputs

Deposit Details

Tax & Extension Settings

Your results

Sources & methodology

Formula & methodology

Formula used

Variable definitions

Limitations

Sources & references

What is the current PPF interest rate in India?

Is PPF completely tax-free in India?

What is the lock-in period for PPF, and can I extend it?

Can I take a loan against my PPF balance?

Can NRIs open or continue a PPF account?

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Calculator inputs

Deposit Details

Tax & Extension Settings

Your results

Sources & methodology

How to Use This Calculator

PPF Example: ₹1.5L/Year for 15 Years

Understanding Your Results

Key Tips

Understanding Public Provident Fund (PPF) in India

What is PPF?

The EEE Tax Benefit

PPF Interest Rate 2026 (Notified Rate)

Lock-in and Maturity

Loan Against PPF

PPF for NRIs

Sources & References

Formula & methodology

Formula used

Variable definitions

Limitations

Sources & references

How to Use This Calculator

PPF Example: ₹1.5L/Year for 15 Years

Understanding Your Results

Key Tips

Understanding Public Provident Fund (PPF) in India

What is PPF?

The EEE Tax Benefit

PPF Interest Rate 2026 (Notified Rate)

Lock-in and Maturity

Loan Against PPF

PPF for NRIs

Sources & References