Calculate your Public Provident Fund maturity with year-by-year balance, partial withdrawal eligibility and loan availability.
PPF enjoys Exempt-Exempt-Exempt: investment deductible (80C), interest tax-free, maturity tax-free. Unbeatable tax efficiency.
From Year 7 onwards: withdraw up to 50% of balance at end of Year 4 or Year 6 (whichever is lower). Once per financial year.
Loans available from Year 3 to Year 6 - up to 25% of the balance at the end of Year 1 or Year 2 (whichever is lower). Interest: 1% above PPF rate.
After 15 years, extend in 5-year blocks. Notify bank within 1 year of maturity. You can extend with or without contributions.
The Public Provident Fund (PPF) is a long-term government-backed savings scheme introduced in India in 1968 under the PPF Act. It offers a combination of tax savings, guaranteed returns, and sovereign backing that makes it one of the most popular investment instruments among Indian salaried employees and self-employed professionals. As of 2024, the PPF interest rate stands at 7.1% per annum, compounded annually and credited at the end of each financial year.
PPF has a 15-year lock-in period, extendable in blocks of 5 years. Contributions between Rs 500 and Rs 1.5 lakh per year qualify for deduction under Section 80C of the Income Tax Act. The interest earned and the maturity amount are fully exempt from income tax - making PPF an EEE (Exempt-Exempt-Exempt) instrument. Partial withdrawals are permitted from the 7th year onwards, and a loan facility is available between the 3rd and 6th year at 1% above the prevailing PPF rate.
Unlike equity mutual funds or stock investments, PPF carries zero market risk and is backed by the Government of India. It is a staple recommendation in UPSC General Studies papers on Indian economy and features in SEBI investor education programmes. Accounts can be opened at any nationalised bank or post office. This calculator shows year-by-year balance growth, total interest earned, and maturity amount, helping investors plan their 15-year savings journey with clarity.