Public Provident Fund Calculator

Public Provident Fund or PPF is one of the most popular tax-saving investment options available in India. It was launched by the government of India to provide guaranteed returns to small-savers. PPF investments fall in the Exempt-Exempt-Exempt category so, the investment amount, the interest earned and the maturity amount are all tax free. As the PPF scheme offers guaranteed returns, you can estimate your returns using a PPF calculator even before you invest. It is an online tool that can help you resolve your queries related to calculation of returns and interest earnings from your Public Provident Fund investments. The maturity amount and interest earned can be easily calculated with the help of a PPF calculator. In this article, let us understand everything you need to know about a PPF calculator, including its advantages and features....Read More

Calculate your earnings with PPF

You Get

Total investment
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Interest earned
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You Get

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Compounding is occurring annually


Pay Rs. 10,000/month

for 10 years

Get Rs.30 Lakh* after 20 years


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What is PPF Calculator?

PPF calculator is basically an online financial tool that can help you find out your maturity amount along with the interest earned on your initial investment. With the PPF amount calculator, you can keep track of the growth of your investment.

Not every one of us can handle complicated calculations to arrive at the maturity amount. If you are planning to invest in PPF and don’t know how much to invest or how much returns you may get, using an online PPF calculator can be beneficial.

How PPF Calculator Works?

A PPF calculator works based on the mathematical formula to calculate the returns and interests earned on one’s investment. Using them is very easy. Most calculators have a user-friendly interface. However, if you are new to using online calculators, here is a quick step-by-step procedure to use a PPF interest calculator: -

Step 1: Visit the online PPF calculator website of your choice.

Step 2: Fill in all the details asked, including your initial investment and interest rate.

Step 3: The total maturity amount will be displayed on the screen within a few seconds.

It should be noted that if an individual deposits the amount on the 1st of April, then the interest earned will be calculated based on the financial year.

Public Provident Fund Calculation Formula


The PPF return calculator uses the compound interest formula to compute the interest earned and maturity amount of the investment. This is what the Public Provident Fund calculation formula looks like:

F = P[({(1 + i)n} – 1)/i]


i = Rate of interest

F = Maturity Amount

N = Investment Tenure in years

P = Principal Amount invested (annually)

To get a clear idea of this formula, let’s look at an example. Assuming you deposit an annual amount of Rs. 1 lakh in your PPF account for a period of 15 years at an interest rate of 7%, then the maturity amount on completion of PPF tenure will be equal to Rs. 28.82 lakh.

How PPF Calculator Can Help You?

When you are new to investing, using online calculators can help you get a clear idea of the various investment option. In the case of PPF, using an online PPF calculator can be a big help.

  • You can get a clear picture of the growth of your PPF investment and the interest you will earn over time.
  • Using a PPF calculator you can figure out how much you need to invest annually or monthly to reach your target corpus
  • A PPF calculator can be used for free multiple times and you do not need to install any additional software to use it
  • Since this is an automated tool, the risk of errors arising from manual calculation is eliminated.
  • Most PPF calculators shows the results graphically which makes the results easy to understand for all users.

Advantages of using a PPF Calculator


PPF account calculator is an easy-to-use online tool that can provide you with details of the interest earned and the maturity value of your Public Provident Fund investments at maturity.

Here are some of the key advantages of using a PPF calculator: -

Helps in Investment Planning

Planning your financial goals is much easier when you know your returns even before investing. PPF is a scheme that offers guaranteed returns at a fixed rate of interest after a specific period of time. So, using a PPF calculator can give you a good idea of your expected returns.

Free Unlimited Usage

PPF calculators online can be used for free unlimited times. So you can calculate the growth of your PPF investments using different investment amounts and different investment frequencies at no cost. This can help you plan your investment goals better.

Benefits of Investing in PPF scheme

The PPF scheme comes with various features and benefits. Here are some of them: -

1. Option To Extend Tenure Indefinitely

Since PPF is a government-backed investment scheme, the investors enjoy the security and safety of their funds. Usually, the risk-averse people who want guaranteed returns opt to invest in the Public Provident Fund.

2. Loan Against PPF and Partial Withdrawal Options:

Under the PPF scheme, the subscribers are allowed to take loans against their PPF account at a reasonable rate of interest. This benefit can be availed from the 3rd to 6th year of account opening. It is extremely beneficial for investors who want to take short-term loans without having to pledge any collateral. The PPF is a long-term investment with a lock-in period. However, partial withdrawals can be made after the completion of 5 years. These options can come in handy during financial emergencies.

3. Flexible Investment Amounts

A PPF account can be opened by any resident Indian willing to start investing with a minimum amount of Rs. 500 every year. This annual contribution can also be as high as Rs. 1.5 lakh in a year. This makes PPF a flexible investment option for individuals with various financial means.

4. Power of Compounding

The amount invested in PPF is compounded on an annual basis according to the declared rate of interest and the investment matures in 15 years. As PPF subscribers stay invested for the long-term, they are ideally placed to benefit from the power of compounding.

How to open a PPF account?


Traditionally PPF accounts could only be opened offline by submitting physical forms at an India Post Office, Public Sector Banks or select Private Sector Banks. Now you can also open a PPF account online with some banks in India.

If you want to open a PPF account via the offline route, you can follow these steps: -

  • Get the application form from the nearest post office or bank in your area.
  • Fill up the form and submit it with the required KYC documents like Aadhaar/PAN and photographs.
  • The minimum initial deposit required at the time of account opening is Rs. 500.
  • Once all documents are verified, your account will be opened and you receive a PPF account passbook.

In case you are looking to open a PPF account online, here is a step-by-step process to open a PPF account online: -

  • Firstly, you should have a savings account in the bank that provides the option of opening PPF account online
  • Log into the Internet Banking account and click on the Public Provident Fund option.Confirm the details entered and enter the amount you want to deposit.
  • Complete the mandatory online KYC.
  • Once the PPF account is opened, you will see details of your PPF account displayed along with your linked savings account.

How to withdraw money from PPF?

The PPF is a long-term investment with a lock-in period. However, partial withdrawals can be made only after completion of 5 years after account opening. If you are eligible to withdraw money from your PPF account, you can do that by following these steps: -

Step 1: Download the PPF withdrawal form (Form C) from your bank’s official website. There are a total of 3 sections of this form: -

  • Declaration Section: Under this section, you need to provide your PPF account number and the amount you wish to withdraw. You are also required to specify the number of years the account has been active.
  • Office-use Section: In this section, one needs to fill in the details like the date of account opening, date of previous withdrawal, and the current total balance.
  • Bank details section: Bank account number and other details of the PPF account in which the withdrawn amount should be transferred.

Step 2: Attach a copy of the PPF passbook along with Form C.

Step 3: Submit the document at your respective bank branch.

After this, your application will be processed, and the withdrawal amount will be sanctioned. You can get the credited amount to your savings account or get a DD for the same.

Frequently Asked Questions

The current interest rate for the PPF scheme is 7.1% as of June 30, 2022.
The interest is calculated on the lowest balance in the account between the 5th and the last day of the month. Interest rates are determined by the government and are revised quarterly.
An FD has a lock-in period of 5 years, which is much lesser than the PPF lock-in period of 15 years. But FDs carry some risk, and the interests earned are taxable. So, if you want to invest for the long term, PPF can be a good option.
No, partial withdrawals under the PPF account are allowed only after the completion of 5 years after account opening.
The maturity amount at the end of 15 years depends on your initial investment and the interest rates offered.
Public Provident Fund or PPF is one of the most popular tax-saving investment options available in India. It is a government-backed scheme that offers guaranteed returns. It has a lock-in period of 15 years. The maturity amount is given on the completion of 15 years.
The PPF account offers tax benefits under section 80C of the Income Tax Act of India, 1961. Tax deductions up to Rs. 1.5 lakh on the invested amount is allowed. It follows the EEE (Exempt-Exempt-Exempt) model of taxation, which implies that both the interest earned and the maturity amount are exempted from taxes.
You can start investing in a PPF scheme with a minimum amount of Rs. 500, and the maximum is Rs. 1.5 lakh in a financial year.
Yes, the investments made under a PPF account are compounded on an annual basis.
The lock-in period for the PPF scheme is 15 years.

ARN: PCP/PPFC/060922


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