PPF Calculator
Calculate PPF maturity amount, total interest earned and year-wise balance for 15-year tenure.
Year-wise PPF Balance
| Year | Opening Balance | Investment | Interest Earned | Closing Balance |
|---|
Key PPF features
PPF enjoys Exempt-Exempt-Exempt status: contributions qualify for 80C deduction, interest is tax-free, and maturity proceeds are fully exempt.
PPF has a 15-year lock-in. Partial withdrawal is allowed from the 7th year onwards (up to 50% of balance at the end of 4th year preceding the withdrawal year).
Loan can be taken from the 3rd to 6th year of account opening, up to 25% of the balance at the end of 2nd year preceding the loan year.
Frequently asked questions
When should I deposit in PPF to maximise interest?
Deposit before the 5th of each month to earn interest for that month. PPF interest is calculated on the minimum balance between the 5th and last day of the month. Annual lump-sum depositors should deposit before April 5th each year.
Can I open multiple PPF accounts?
No. An individual can hold only one PPF account. A second account opened in their own name is not eligible for interest and is treated as irregular. However, you can open a PPF account in the name of a minor child as guardian.
What happens if I miss a year's PPF contribution?
PPF account becomes "discontinued" if you miss a year. A penalty of ₹50 per year plus the minimum annual deposit of ₹500 must be paid to reactivate it. The account must be revived before maturity.
Can I extend PPF beyond 15 years?
Yes. PPF can be extended in blocks of 5 years indefinitely after the initial 15-year term. You can extend with or without making fresh contributions. If you extend without contributions, you still earn interest on the existing corpus.
Is PPF better than FD for tax savings?
PPF is generally superior to FD for tax-saving purposes. FD interest is taxable; PPF interest is tax-free. PPF qualifies for 80C deduction; tax-saver FDs also qualify. But PPF has a 15-year lock-in vs 5-year for tax-saver FDs.