PPF maturity calculator
Enter your yearly deposit and the current notified PPF rate. The calculator shows the balance every 31 March and the maturity value.
Rules: PPF Scheme 2019; the rate is the one you enterResult
Fill in your numbers and press Calculate. The answer shows the formula and the rules it used.
Signed in, INDYXQUANT adds PPF, EPF and NPS to your net worth and retirement plan next to your market holdings.
Do this with your real portfolioThe formula
Maturity = opening balance x (1 + r)^n + D x ((1 + r)^n - 1) / r x (1 + r), with D the yearly deposit and r the rate. Interest is compounded annually and credited on 31 March; a deposit made by 5 April earns interest for the whole year.
Deposits are capped at 1,50,000 a financial year (minimum 500). The account matures after 15 full financial years and can be extended in blocks of 5 years.
The rate is notified every quarter by the Ministry of Finance; the calculator holds the rate you enter flat for every year.
Questions
Is PPF interest taxable?
No. PPF is exempt at every stage: the deposit qualifies under section 80C in the old regime, and the interest and maturity amount are tax free.
What is the maximum PPF deposit?
1,50,000 in a financial year across your own account and accounts you hold for a minor. Any excess earns no interest.
Can PPF be extended after 15 years?
Yes, in blocks of five years, with or without further deposits.
Sources
Rules: PPF Scheme 2019; the rate is the one you enter. This page is for education and is not tax, legal or investment advice.