PPF Calculator

Apply Now

Accumulating savings is the first step to creating wealth. If you want to save a little and mobilize it as an investment, the Public Provident Fund or PPF can help you a lot. This is an initiative of the Government of India to promote savings among Indians and assure them of the definite returns along with a tax rebate on the investment. Now, savings are not limited to only a few people. Everyone from various strata can do it and earn its benefits, and PPF is the best example of it.

Using an online PPF calculator you can easily calculate PPF interest and maturity amount for your investment. This helps in knowing how much you will earn by investing in PPF schemes and thus taking an informed decision. PPF calculators are 100% accurate and provide detailed information about the final receivable sum on the completion of tenure.

PPF account helps you invest with small sums that provide long term financial benefits. You can deposit from Rs.500 to Rs.1.5 lakh per annum in a PPF account that has a locking period of 15 years and can be extended for the next 5 years. It is backed by the government of India with the least risk and guaranteed return on investment. Under Section 80 C, you can avail tax benefits.

Benefits of Investing in PPF

  1. Higher interest rates, varying between 7-8% is provided on PPF investment which is more than interest on FDs and your saving account.
  2. The investment made in a PPF account is eligible for deduction U/S 80C for up to Rs.1.5L.
  3. Interest earned and maturity amounts are exempt from tax as well-being this is is covered under the EEE (exempt-exempt-exempt) category where principle, interest and maturity; all are exempted from the tax.
  4. You can apply for a loan against your PPF account from the 3rd year onwards.
  5. Although the locking period is for 15 years, partial withdrawal is allowed on the PPF account from the 7th year onwards.
  6. PPF allows the guardian of a minor or child with an unsound mind to open an account on their behalf and start the investment that helps in securing the future of the child.
  7. In the case of insolvency, PPF contribution is not considered an investor’s liability, making it the last recourse to secure the future of the investor.

How to Open a PPF Account?

It is so simple to open a PPF account. You can visit your nearby post office or any nationalized bank to open your PPF account. Some of the private banks are also given the authorization to open a PPF account.

PPF Interest Rate

The interest rate on a PPF account is fixed quarterly by the Ministry of Finance, Government of India and for FY-2022-23, it’s 7.1%/annum. But, the interest rate of PPF is subject to change based on historical returns, but mostly lies between 7-8%. This interest rate is higher than other saving accounts and FDs. The interest on the PPF account is calculated monthly, compounded annually and credited at the end of the year.

How to Calculate PPF Interest?

PPF account’s interest is calculated on the least balance of the 5th and the end day of the month. The below formula is used to calculate the interest on the PPF account balance.

A = P [({(1+i) ^n}-1)/i]

A= Maturity Sum
P= Principal amount
I= Expected interest rate

If this formula looks hard to use, then you can use a PPF calculator.

How Does PPF Calculator Work?

PPF Calculator uses the same formula discussed above and produces the final investment breakup. Using this, you only need to enter the monthly or annually deposited amount in your PPF account and the tenure that you have opted for, and that is it. It will show you the three segments of the investment i.e. total deposited principal, interest earned and maturity sum.

Benefits of PPF Calculator

  1. PPF calculator calculates the total amount deposited throughout the tenure; interest earned, closing balance, etc.
  2. Using the PPF calculator, you can understand when and how much you can get the loan against your PPF investment.
  3. You can also view the funds that you have withdrawn from your PPF account.
  4. Using the PPF calculator, you can also be able to check the break-up of principal, interest and maturity amount of your investment.

Investing in a PPF account can be the easiest and safest future investment plan. Since it’s tax-free for all the three segments; principal, interest and maturity, it’s a tax saver as well. Being an investment option backed by the government of India, you can surely go for this as it has the least risk attached. Using the PPF calculator, you can estimate the total maturity sum based on your deposit and also go for a target savings of a maximum Rs.12,500/month.

Since the tenure is extending up to 50 years from 15 years, this is the best long term investment plan. In your tough times, you can also withdraw some amount without any penalty or deductions.

Apply Now


You can start with a monthly, quarterly or yearly deposit in your PPF account.
PPF calculator performs the calculation of the total PPF amount based on your deposit and tenure. It separately shows the principal, interest and maturity sum of the PPF account.
Yes, investing in a PPF account is beneficial for the tax-saving since it comes under EEE which means principal, interest and maturity, all are exempted from tax. You can claim a deduction against your PPF investment U/S 80C of the Income Tax Act.
You can start the PPF account deposit with Rs.500 and save up to Rs.1.5L yearly.
No, as per the rule of the Ministry of Finance, the Government of India, one individual; can open a single PPF account. All the members of the family can separately have an account including the minor children under the guardian’s name.