Public Provident Fund (PPF) Calculator
Project Public Provident Fund (PPF) maturity amount with yearly contributions and 15-year compounding. See tax-free returns and year-by-year growth.
Reviewed by Sahil, Senior Finance & Tax Editor
Formula
FV = P x [(1+r)^n - 1] / r + Existing x (1+r)^n
PPF compounds annually at the government-set rate (currently 7.1%). Maximum deposit ₹1.5 lakh/year. Minimum lock-in 15 years with 5-year extensions. Interest is tax-free under Section 80C (EEE status).
Worked Examples
Example 1: ₹1.5L/yr for 15 years
Problem:₹1,50,000/yr at 7.1% for 15 years
Solution:FV = 1,50,000 x [(1.071)^15 - 1] / 0.071 = ₹40,68,209
Result:₹40.68 lakhs (deposited ₹22.5 lakhs)
Frequently Asked Questions
What is the difference between EPF and PPF?
EPF is for salaried employees with mandatory employer contribution and current rate of 8.25%. PPF is voluntary, open to all Indian residents, with a 15-year lock-in and current rate of 7.1%. Both offer Section 80C deductions and EEE tax benefits.
Reviewed by Sahil, Senior Finance & Tax Editor · Editorial policy