About the PPF Calculator
The Public Provident Fund (PPF) is a government-backed, tax-free savings scheme with a 15-year lock-in. Interest is compounded yearly. The current rate is 7.1% per year (October–December 2026 quarter); the government reviews it every quarter.
How to use the PPF Calculator
- Enter your yearly deposit (₹500 to ₹1,50,000).
- Check the interest rate (7.1% currently).
- Choose the period: 15 years, or extend in 5-year blocks.
- Deposit before 5 April each year to earn interest for the full year.
Formula used
Each year: balance = (previous balance + yearly deposit) × (1 + rate). Example: ₹1.5 lakh a year for 15 years at 7.1% grows to about ₹40.68 lakh.
Frequently asked questions
What is the PPF interest rate now?
The PPF rate is 7.1% per year for October–December 2026. It is reviewed every quarter by the government.
Is PPF tax-free?
Yes. Deposits qualify for Section 80C deduction (old regime), and interest and maturity are tax-free.
Can I withdraw before 15 years?
Partial withdrawals are allowed from the 7th year and loans from the 3rd to 6th year, subject to rules.
Last reviewed: November 7, 2026