Public Provident Fund (PPF) Calculator
Plan your long-term savings with India’s most popular tax-saving instrument
Investment Summary
Projected Growth Visualization
How to Invest in PPF
Open a PPF Account
Visit any nationalized bank, post office, or authorized private banks to open a PPF account. You’ll need KYC documents like Aadhaar, PAN card, and proof of address.
Choose Your Investment Amount
Decide how much you want to invest annually (minimum ₹500, maximum ₹1.5 lakh). You can make lump-sum investments or spread them throughout the year.
Select Payment Method
You can invest via cash, cheque, or online transfer. Set up auto-debit instructions for convenience to ensure you never miss a contribution.
Track and Manage
Monitor your PPF account through passbook updates, internet banking, or mobile apps. Keep track of interest credits and account maturity date.
Frequently Asked Questions
The Public Provident Fund (PPF) is a long-term savings scheme introduced by the Government of India. It offers attractive interest rates and tax benefits, making it a popular investment choice for retirement planning and wealth creation.
The PPF interest rate is set by the government quarterly. As of the latest update, the interest rate is 7.1% per annum, compounded yearly. This rate is subject to change based on government policies and market conditions.
PPF offers triple tax benefits under Section 80C of the Income Tax Act:
- Investments up to ₹1.5 lakh per year are deductible from taxable income
- Interest earned is completely tax-free
- The maturity amount is exempt from tax
Partial withdrawals are allowed from the 7th financial year onward. You can withdraw up to 50% of the balance at the end of the 4th preceding year or the balance at the end of the preceding year, whichever is lower. Complete withdrawal is only permitted upon maturity after 15 years.
About PPF Scheme
The Public Provident Fund (PPF) was introduced in India in 1968 with the objective of mobilizing small savings by offering an investment with reasonable returns combined with income tax benefits.
PPF is considered one of the safest investment options as it is backed by the Government of India. The scheme has a maturity period of 15 years, which can be extended in blocks of 5 years.
Key features of PPF include:
- Minimum investment of ₹500 and maximum of ₹1.5 lakh per financial year
- Current interest rate of 7.1% per annum (compounded yearly)
- Tax benefits under Section 80C of Income Tax Act
- Loan facility available between 3rd and 6th financial year
- Partial withdrawals allowed from 7th financial year onward