PPF calculator: the maturity value of a Public Provident Fund account at the current 7.1% rate.
Enter what you deposit each financial year and how long the account runs. The Public Provident Fund pays 7.1% a year for July–September 2026, compounded yearly, and matures after 15 full financial years. You can deposit between ₹500 and ₹1,50,000 a year and extend the account in blocks of five years.
Assumes each year's deposit is made by 5 April, so it earns interest for the whole year, and that the rate stays the same. The government resets the PPF rate every quarter.
PPF balance year by year
| Year | Deposit | Interest | Balance |
|---|
How PPF interest works
- Interest is worked out every month on the lowest balance between the 5th and the end of the month, and credited at the end of the financial year.
- The account matures after 15 financial years, not counting the year you open it. You can extend it for five years at a time, with or without new deposits.
- Deposits count towards the ₹1,50,000 deduction formerly known as section 80C (section 123 of the Income-tax Act, 2025) under the old tax regime, and India Post lists PPF interest as tax-free.
Questions
What is the PPF interest rate now?
7.1% a year for July–September 2026, as notified by the Ministry of Finance. See the PPF interest rate record for its history.
How much will ₹1.5 lakh a year in PPF become in 15 years?
Use the calculator above: with the full ₹1,50,000 deposited by 5 April each year at 7.1%, the balance after 15 years is shown as the maturity value.
Sources
- Ministry of Finance: small savings interest rates, July–September 2026
- India Post: Post Office Saving Schemes (PPF rules)
- National Savings Institute: interest rates on small savings schemes
More money tools: small savings interest rates, bank FD rates and all calculators and trackers.