🛡️ PPF Calculator
The Public Provident Fund is India's favourite EEE (exempt-exempt-exempt) scheme: deposits up to ₹1.5 lakh a year earn a government-set rate — currently 7.1% for July–September 2026, unchanged for nine straight quarters — completely tax-free, over a 15-year term extendable in 5-year blocks.
Inputs
Results
How it's calculated
Yearly: balance = (balance + annual deposit) × (1 + 7.1%). Deposits made before the 5th of a month earn that month's interest; depositing the full amount in early April maximises returns.
Frequently asked questions
What is the current PPF interest rate?
7.1% per annum for the July–September 2026 quarter (Q2 FY 2026-27) — the government kept all small-savings rates unchanged for the ninth consecutive quarter. The rate is reviewed quarterly.
Is PPF really tax-free?
Yes — deposits qualify for 80C (old regime), and both interest and maturity are fully tax-exempt. That makes 7.1% tax-free equivalent to ~10.2% pre-tax for someone in the 30% slab.
Can I withdraw before 15 years?
Partial withdrawals are allowed from year 7, loans from year 3, and premature closure after 5 years in specific cases (with a 1% rate penalty).
