Maturity value
₹40,68,209
Estimated balance after 15 years at 7.1% a year, compounded annually.
PPF Calculator
Estimate the maturity value and interest earned on a Public Provident Fund account from your yearly investment, investment period, and the applicable interest rate.
Under 20 seconds
Updated 22 Aug 2026
Results dashboard
Estimated interest earned
₹18,18,209
44.7% of the maturity value.
Total investment
₹22,50,000
15 yearly contributions of ₹1,50,000.
Interest percentage
44.7%
Interest as a share of maturity value; growth on money invested is 80.8%.
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</iframe>A PPF calculator estimates the maturity value and interest on a Public Provident Fund account from your yearly contribution, the investment period, and the interest rate. It opens with 7.1% a year, the rate notified for October–December 2026, and the result is an estimate based on that configured rate and an annual-compounding methodology.
Visual breakdown
A visual view of your calculation.
Interactive charts arrive here soon.
Year-by-year growth
Contribution, interest credited, and closing balance for each year, assuming one contribution at the start of every year.
| Year | Investment | Interest | Total invested | Closing balance |
|---|---|---|---|---|
| 1 | ₹1,50,000 | ₹10,650 | ₹1,50,000 | ₹1,60,650 |
| 2 | ₹1,50,000 | ₹22,056 | ₹3,00,000 | ₹3,32,706 |
| 3 | ₹1,50,000 | ₹34,272 | ₹4,50,000 | ₹5,16,978 |
| 4 | ₹1,50,000 | ₹47,355 | ₹6,00,000 | ₹7,14,334 |
| 5 | ₹1,50,000 | ₹61,368 | ₹7,50,000 | ₹9,25,701 |
| 6 | ₹1,50,000 | ₹76,375 | ₹9,00,000 | ₹11,52,076 |
| 7 | ₹1,50,000 | ₹92,447 | ₹10,50,000 | ₹13,94,524 |
| 8 | ₹1,50,000 | ₹1,09,661 | ₹12,00,000 | ₹16,54,185 |
| 9 | ₹1,50,000 | ₹1,28,097 | ₹13,50,000 | ₹19,32,282 |
| 10 | ₹1,50,000 | ₹1,47,842 | ₹15,00,000 | ₹22,30,124 |
| 11 | ₹1,50,000 | ₹1,68,989 | ₹16,50,000 | ₹25,49,113 |
| 12 | ₹1,50,000 | ₹1,91,637 | ₹18,00,000 | ₹28,90,750 |
| 13 | ₹1,50,000 | ₹2,15,893 | ₹19,50,000 | ₹32,56,643 |
| 14 | ₹1,50,000 | ₹2,41,872 | ₹21,00,000 | ₹36,48,515 |
| 15 | ₹1,50,000 | ₹2,69,695 | ₹22,50,000 | ₹40,68,209 |
Smart Insights
Generated from the numbers you entered — no guesswork.
- Investing ₹1,50,000 a year for 15 years builds an estimated ₹40,68,209.
- Interest of ₹18,18,209 is about 44.7% of the maturity value — a calculated growth of 80.8% on what you put in.
- The last year alone adds roughly ₹2,69,695 of interest, because compounding works on the largest balance.
- Contributions are capped at ₹1,50,000 per financial year, so the maturity value cannot be raised by investing more than the limit.
- This is a mathematical estimate at a fixed rate. Actual PPF interest is credited annually on a monthly minimum balance and the rate is reviewed by the government every quarter.
What is the PPF Calculator?
What the tool does, who it is for and what it cannot tell you.
The Public Provident Fund is a 15-year government-backed savings scheme. This calculator estimates what your yearly contributions grow to, how much of the final balance is interest rather than your own money, and what the closing balance looks like at the end of each year of the term.
PPF interest works differently from a bank deposit. Interest is worked out each month on the lowest balance between the 5th and the last day of the month, then credited once at the end of the financial year — so the credited interest only starts compounding in the following year. That is why deposit timing matters and why this model compounds annually.
The rate is not fixed for the full term: the government notifies small-savings rates every quarter. The rate field starts at the notified figure recorded in this project and is fully editable, so you can test what a higher or lower rate would do to the maturity value.
How does the PPF Calculator work?
Each step the calculator runs, in plain language.
- 1
What PPF is
The Public Provident Fund is a government-backed long-term savings scheme with a 15-year term. Contributions qualify for deduction under section 80C in the old tax regime, and the interest and maturity value are exempt from tax under current rules.
- 2
How PPF interest is calculated
Interest accrues monthly on the lowest balance between the 5th and the last day of the month, and is credited to the account once a year at the end of the financial year. Because credited interest itself earns interest in later years, the balance compounds annually.
- 3
Contribution rules
You must deposit at least ₹500 in a financial year to keep the account active, and no more than ₹1,50,000 across all PPF accounts in your name. Deposits above the ceiling do not earn interest.
- 4
Lock-in, withdrawals, and extension
The account matures after 15 full financial years. Partial withdrawal is allowed from the seventh year and a loan from the third, subject to limits. At maturity you can withdraw fully or extend in 5-year blocks, with or without fresh contributions.
What to enter in each field
The exact figure each input expects, so the result means what you think it means.
- Yearly investment
- What you plan to deposit each financial year, between ₹500 and ₹1,50,000 across all PPF accounts in your name. Amounts above the ceiling earn no interest.
- Interest rate
- The notified PPF rate. Check the current quarter's notification before relying on the projection, and edit the field if the rate has changed.
- Investment period
- 15 full financial years is the base term. Longer periods model extension in 5-year blocks with fresh contributions.
PPF Calculator formula
The exact maths behind every number on this page.
M = Σ P × (1 + r)^(N − k + 1) • balanceₖ = (balanceₖ₋₁ + P) × (1 + r)
- M
- Maturity value at the end of the investment period
- P
- Contribution made each year
- r
- Annual interest rate as a decimal (7.1% → 0.071)
- N
- Number of years contributions continue
- k
- Year in which a particular contribution is made
This calculator assumes one contribution at the start of each year and interest compounded once a year. A real PPF account credits interest annually on the lowest balance between the 5th and the last day of each month, so contributions made later in the year, or spread monthly, can earn slightly less than shown.
PPF Calculator calculation example
₹1,50,000 invested at the start of every year for 15 years at 7.1% a year.
- 1Yearly investment (P)₹1,50,000
- 2Rate (r)7.1 ÷ 100 = 0.071
- 3Period (N)15 years
- 4Year 1 balance1,50,000 × 1.071 = ₹1,60,650
- 5Total invested1,50,000 × 15 = ₹22,50,000
- 6Maturity value (M)₹40,68,209 (approx.)
The account is estimated to mature at about ₹40,68,209, of which roughly ₹18,18,209 is interest — around 45% of the final balance, entirely from compounding.
Important assumptions
What this calculation includes, and what it leaves out.
- The rate field defaults to 7.1% a year, the rate notified for October–December 2026 (last verified 2026-09-30). Small-savings rates are reviewed every quarter, so the rate is not permanent — edit the field if a new rate has been notified.
- One contribution is assumed at the start of each financial year, and interest is compounded once a year. A real account credits interest on the lowest balance between the 5th and the last day of each month, so mid-month deposits earn slightly less.
- The base term is 15 full financial years; longer periods model extension in 5-year blocks with fresh contributions.
- Contributions are capped at ₹1,50,000 a financial year across all PPF accounts in your name; amounts above that earn no interest.
- The projection holds one rate for the entire period, so the actual maturity value will differ whenever the notified rate changes.
Sources we follow for figures that change
- National Savings Institute, Ministry of Finance — PPF scheme rules and contribution limits
- Department of Economic Affairs — small savings rate notifications — quarterly interest rate notifications
Benefits
Why people use this calculator before signing a loan.
Sovereign-backed safety
The scheme is backed by the Government of India, so there is no credit risk on the balance.
Tax-efficient compounding
Under current rules contributions, interest, and maturity proceeds all receive favourable tax treatment, which lifts the effective return versus a taxable deposit.
Disciplined long-term saving
The 15-year lock-in makes PPF useful for goals such as retirement or a child's education.
Assumptions to keep in mind
The estimate holds the rate constant for the whole period, but the government reviews it quarterly, so actual maturity value will differ if the rate changes.
Financial tips
Practical guidance to act on your result.
- Invest before the 5th of April to earn a full year of interest on the whole contribution.
- If you invest monthly, deposit before the 5th of each month — interest is calculated on the lowest balance between the 5th and month-end.
- PPF suits the debt part of a long-term portfolio; equity products carry more risk but are not rate-capped.
- Extend the account in 5-year blocks at maturity if you do not need the money — the balance keeps compounding tax-free.
Frequently asked questions
Short, direct answers to the questions we hear most.
Read the thinking behind it
Guides that explain how to use this calculation in a real decision.
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Lock-in, taxation and effective returns weighed side by side for long-horizon money.
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A plain-English guide to EPF interest, monthly running balances, annual crediting and long-term provident-fund growth.
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The factors that decide your retirement number, why there is no single answer, and how to arrive at yours.
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The calculation, step by step — from today's expenses to a required corpus, with every assumption named.
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Lump sum or monthly instalments — how fixed and recurring deposits differ and when each one fits.
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What is PPF? How PPF maturity works
How the Public Provident Fund grows year by year and what happens when it matures.
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Disclaimer
CalPaisa calculators are for general information and planning only. Results are estimates based on the values you enter and standard formulas, and may differ from the figures your bank, employer, or tax authority applies. Nothing here is investment, tax, or legal advice. Please confirm important decisions with a qualified professional. Read our financial disclaimer, learn how CalPaisa works, or tell us about a calculation you think is wrong.