Estimate PPF growth using the currently displayed 7.1% rate assumption and an annual contribution made at the start of each financial year. The model assumes one contribution at the beginning of each financial year and applies the displayed rate monthly; actual PPF interest is calculated under the scheme rules and credited annually.
| Year | Opening Balance | Deposit | Interest Earned | Closing Balance |
|---|
PPF is a long-term savings scheme backed by the Government of India. This calculator is an estimate: it models either one annual contribution before the 5th of April or monthly contributions made before the 5th. It assumes the selected rate stays constant for illustration. The calculation applies the rate monthly and credits the accumulated illustration interest at year-end. Actual PPF interest follows the scheme rules and deposit timing, and the notified rate can change. Check current Small Savings rates on the Department of Economic Affairs website.
The minimum deposit required is ₹500 per financial year, and the maximum allowed deposit limit is ₹1,500,000 per year.
PPF interest is calculated under the PPF scheme rules using the lowest balance between the 5th and the end of each month and is credited annually. For this illustration, the yearly contribution is assumed to be made at the beginning of the financial year so it earns the monthly rate throughout that year.
PPF has a mandatory lock-in period of 15 years. Post maturity, it can be extended in blocks of 5 years indefinitely.
PPF is generally treated as an EEE-style tax-advantaged product under the applicable tax rules. Tax treatment can change, so check the latest Income Tax and PPF rules before making a financial decision.
Yes, loans against PPF balance can be availed from the 3rd financial year up to the 6th financial year of opening the account.