A PPF (Public Provident Fund) calculator shows the maturity value and year-by-year growth for contributions to this government-backed savings scheme.
About this calculator
A PPF (Public Provident Fund) calculator shows the maturity value and year-by-year growth for contributions to this government-backed savings scheme. PPF offers tax-free returns under Section 80C. Few long-term investment options in India match its tax efficiency.
The current PPF interest rate is set quarterly by the government. Contributions are eligible for Section 80C deduction up to ₹1.5 lakh per year, and the maturity amount is completely tax-free.
Common uses
- Calculate PPF corpus after 15 years of annual contributions
- Plan tax savings under Section 80C using PPF
- Compare PPF returns with other 80C investment options
- Model the impact of PPF extension in blocks of 5 years
Frequently asked questions
What are the key features of PPF?
PPF has a 15-year lock-in period (extendable in 5-year blocks), current interest rate of 7.1% (reviewed quarterly), maximum annual contribution of ₹1.5 lakh, and complete tax exemption on contributions (under 80C), interest, and maturity amount, the EEE status (Exempt-Exempt-Exempt).
Can I take a loan against my PPF account?
Yes, you can take a loan against your PPF balance from the 3rd to the 6th year of the account. The loan amount is limited to 25% of the balance at the end of the 2nd year preceding the loan application.
Can I extend PPF beyond 15 years?
Yes, PPF can be extended in blocks of 5 years after the initial 15-year period. You can extend with or without further contributions. Extensions with contributions continue to earn the prevailing interest rate and maintain all tax benefits.