PPF (Public Provident Fund) Calculator
Estimate the maturity value of your PPF investment over 15 years. See your total investment, interest earned, and final amount.
Understanding Public Provident Fund (PPF)
What is PPF?
The Public Provident Fund (PPF) is a long-term, government-backed savings scheme in India. It offers a government-guaranteed return and is considered one of the safest investment options for building a retirement corpus or achieving long-term goals like a child's education.
Key Features of PPF
- Tenure: The account has a mandatory lock-in period of 15 years. After maturity, it can be extended in blocks of 5 years with or without further contributions.
- Investment Limits: You must invest a minimum of ₹500 and can invest a maximum of ₹1.5 lakh in a single financial year. This calculator's slider is capped at this limit.
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Tax Benefits (EEE Status): PPF is one of the few instruments with an EEE (Exempt-Exempt-Exempt) tax status.
- Exempt 1: The amount you invest (up to ₹1.5 lakh) is eligible for tax deduction under Section 80C.
- Exempt 2: The interest you earn each year is completely tax-free.
- Exempt 3: The final maturity amount you receive after 15 years is also 100% tax-free.
- Interest Calculation: The interest rate is set by the government every quarter. Interest is compounded annually, but it's calculated on the lowest balance in your account between the 5th and the last day of every month. For this calculator, we use a simplified model (from your code) that applies the annual interest to the balance at year-end.
Start Your Tax-Free Investment
A PPF account is a safe, secure, and tax-free way to build wealth for your long-term goals.