PPF Calculator

Calculate interest charges with ease using our Flat Interest Rate Calculator.

Yearly Investment



Time Period




Invested amount


Total Interest


Maturity in 15Yr


Loan Amount


Saving is the first step of wealth creation, and investing those savings well comes a close second. And among the numerous investment options available, Public Provident Fund (PPF) accounts stand out.

What is a PPF account?

PPF is a popular investment scheme that comes with many investor-friendly features and benefits. It is a long-term government-backed scheme that allows individuals to earn high returns while staying safe. The money is deposited into a PPF account and interest is compounded every month.

Benefits of PPF

PPFs offer investors a host of benefits. Here are some key ones.

  • PPF offers high interest rates

The government sets the interest rate for PPF accounts, and historical data shows that it is usually higher than other fixed-income investments. The interest rate is compounded annually. So the returns on PPF investments grow significantly over time.

  • Tax advantages

PPF offers attractive tax benefits. The contributions made to a PPF account are eligible for a deduction under Section 80C of the Income Tax Act in India. The maximum deduction limit under this section is subject to the current tax laws. Additionally, the interest earned and the maturity amount are tax-free.

  • Helps create wealth

PPF encourages individuals to develop disciplined saving habits. The minimum investment period is 15 years, so investors commit to long-term savings. This helps in building a substantial corpus.

  • Allows partial withdrawal

PPF accounts offer partial withdrawal facility. That means investors have the flexibility to withdraw a portion of their funds while keeping the account active. Partial withdrawals are, however, only allowed from the seventh year onwards. And they are subject to certain conditions and limits that the government specifies.

  • Loan against PPF

After a certain number of years, investors can apply for a loan against their PPF balance instead of closing the PPF account to withdraw money. They loan is typically limited to a percentage of their PPF balance. It must be repaid within a specific timeframe, and the interest rate is higher than the PPF interest rate.

  • Investment security

Being a government-backed investment scheme, PPF offers an additional level of security and stability to investors. The funds are considered to have a sovereign guarantee. This makes it an attractive option for risk-averse investors.

What is a PPF calculator?

PPF calculators, like the one above, are tools that can estimate the maturity value of a PPF account. It typically prompts you to enter some basic information—such as the annual investment amount, the duration of investment, and the prevailing interest rate. Based on these inputs, it displays the maturity value, cumulative investment, and interest earned over the investment period. It can also provide a year-wise breakup of the investment balance, interest earned, and the closing balance for each year.


Calculators like this help plan investments and understand the potential returns one can expect. It also promotes the making of informed decisions, building a sound investment strategy, and readjusting the investment amount, if required. It also makes understanding the power of compounding and the impact of different investment scenarios on savings easier.

How to use the PPF calculator

To make use of the full potential of this calculator, it will help to comprehend its functioning. Users must simply submit the requisite details. The details requested for include the investment tenure, total investment amount, interest earned, and the frequency of investment.


By filling out the appropriate fields, users get to see the maturity amount within seconds.

How is PPF interest calculated?

To calculate the interest earned on a PPF account, simply use the calculator above. However, if you wish to do it manually, you could use the following formula:


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


In this formula, the terms are as follows:

I = Rate of interest

F = Maturity of PPF

N = Total number of years

P = Annual installments


PPF is a good investment option for long-term savings if you’re looking for tax advantages, security, and stable returns in addition. It can play a vital role in wealth creation and financial retirement planning. A PPF calculator can provide an estimate of returns, but the actual returns may change to changes in interest rates.


1.How much interest rate can I get on my PPF account?

The interest rate on a PPF account is determined by the government and is subject to periodic revisions. As of June 2023, the interest rate was 7.1% per annum. However, it’s important to check the current interest rate as it may change in the future.

2.Can I transfer my PPF account to another branch or office?

Yes, you can transfer your PPF account from one bank branch or office to another. The process involves submitting a transfer application along with the required documents to the current PPF branch or office.

3.What is the formula for PPF amount?

The formula for calculating the PPF amount is: F = P [({(1+i) ^n}-1)/i] . It takes into account the principal amount, the interest rate, and any additional deposits made during the investment tenure.

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