This PPF calculator estimates the maturity value of an Indian Public Provident Fund account for the 15-year term or an extended term in 5-year blocks. PPF is a long-term, government-backed savings scheme that can be opened at banks and post offices in India.
About the interest rate: the default of 7.1% is the rate PPF has paid for a long period, but the government reviews it every quarter. Check the current rate on the Ministry of Finance or India Post website before relying on the result.
How PPF interest is calculated
The calculator assumes the full yearly deposit is made at the start of each financial year (before 5 April) and that interest is credited once a year: closing balance = (opening balance + yearly deposit) × (1 + rate). Deposits made later in the year earn a little less, because PPF interest is calculated on the lowest monthly balance.
Example
Depositing ₹1,50,000 every year for 15 years at 7.1% means ₹22,50,000 deposited and an estimated maturity value of about ₹40,68,209.
Frequently asked questions
How much can I deposit in PPF each year?
Under current rules the minimum is usually ₹500 and the maximum ₹1,50,000 per financial year. Rules can change, so confirm with your bank or post office.
Is there a PPF in Bangladesh?
PPF is an Indian scheme. For monthly savings in Bangladesh use the DPS Calculator, and government employees can use the GPF Calculator.
Disclaimer: results are estimates for guidance only and are not financial advice.