PPF (Public Provident Fund): How It Works and Calculator

The Public Provident Fund (PPF) is a 15-year government savings scheme with tax-free interest and maturity. You can invest between ₹500 and ₹1,50,000 per financial year. The current rate is around 7.1% p.a., compounded annually. After 15 years you can extend in blocks of 5 years with or without further contributions.

PPF can be opened at a post office or any authorised bank with ID and address proof. Partial withdrawal is allowed from the 7th year, and a loan can be taken between the 3rd and 6th year. Premature closure is permitted only in specific situations (e.g. critical illness, higher education, house purchase) after 5 years.

Use our PPF Calculator to see how much you can accumulate with different annual deposits and tenures. Check the calculator page for detailed rules on opening, closing, and withdrawals.