PPF Calculator
Calculate your Public Provident Fund maturity amount.
See how annual deposits grow at 7.1% compounded interest over 15 years.
PPF Maturity Amount
PPF (Public Provident Fund) is a government-backed savings scheme in India with a 15-year lock-in. Interest is compounded annually.
Maturity = Σ [P × ((1 + r)^n - 1) / r]
Where each year"s deposit compounds for the remaining years:
- P = Annual deposit
- r = PPF interest rate (currently 7.1% per annum)
- n = Number of years remaining
Key PPF features:
- Minimum tenure: 15 years (extendable in 5-year blocks)
- Minimum deposit: ₹500/year
- Maximum deposit: ₹1,50,000/year
- Interest rate: 7.1% (set by government, reviewed quarterly)
- Tax benefit under Section 80C (EEE — exempt at all stages)
Example: ₹1,50,000/year for 15 years at 7.1%:
- Total deposited: ₹22,50,000
- Maturity value: ₹40,68,209
- Interest earned: ₹18,18,209