Calculate PPF maturity amount at 7.1% interest. View year-wise balance with our detailed chart and plan your tax-free retirement savings.
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Calculate PPF Maturity
Same 7.1% government rate everywhere — pick the bank where it's easiest to deposit online.
| Provider | Type | Why pick this | |
|---|---|---|---|
SBI State Bank of India50 Cr+ account holders | Bank | 7.1% p.a. · open online with SBI YONO | Open PPF |
ICI ICICI BankOpen in under 5 mins | Bank | 7.1% p.a. · instant account via iMobile | Open PPF |
HDF HDFC Bank | Bank | 7.1% p.a. · easy net-banking setup | Open PPF |
AXS Axis Bank | Bank | 7.1% p.a. · seamless online opening | Open PPF |
IPS India Post1.5L+ post offices | Post Office | 7.1% p.a. · pan-India branch network | Visit Post Office |
Returns based on government-declared rates and historical performance. Affiliate links — we may earn a commission at no cost to you.
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Year-by-year growth of the maximum annual PPF contribution. By maturity (year 15), interest earned exceeds ₹18 lakh on ₹22.5 lakh deposited — and every rupee is tax-free. Extending 5 more years without fresh deposits adds another ₹16 lakh in interest alone.
| Year | Total Deposited | Interest Earned | Balance | Milestone |
|---|---|---|---|---|
| Year 1 | ₹1,50,000 | ₹10,650 | ₹1,60,650 | Account opens |
| Year 5 | ₹7,50,000 | ₹1,42,455 | ₹8,92,455 | |
| Year 7 | ₹10,50,000 | ₹2,94,808 | ₹13,44,808 | Partial withdrawal allowed |
| Year 10 | ₹15,00,000 | ₹6,17,747 | ₹21,17,747 | Loan facility ends |
| Year 15 | ₹22,50,000 | ₹18,18,209 | ₹40,68,209 | Maturity — fully withdrawable |
| Year 20 (extended) | ₹22,50,000 | ₹34,84,344 | ₹57,34,344 | No fresh deposits |
| Year 25 (extended) | ₹22,50,000 | ₹58,32,829 | ₹80,82,829 | Corpus doubles again |
₹1.5L deposited at the start of each financial year, 7.1% compounded annually. Deposit before April 5 each year to earn interest for the full year — PPF interest is calculated on the lowest balance between the 5th and month-end.
PPF (₹1.5L/year, 15-year lock-in): At 7.1% interest, ₹1.5L annual investment for 15 years = Rs 35.8 lakh maturity, fully tax-free. Plus 80C deduction saves Rs 4.5L in taxes (at 30% bracket). Total wealth = Rs 40.3L with zero effort. Best for: conservative investors, retirees, those wanting guaranteed returns.
ELSS (₹1.5L/year, 3-year lock-in): At 12% CAGR average (market-linked), ₹1.5L reinvested yearly for 15 years = Rs 50-55L maturity. But LTCG tax on gains above Rs 1.25L = Rs 3-4L tax due. Net = Rs 46-52L. Plus you get 80C deduction (Rs 4.5L tax saved). Total wealth = Rs 50-56L. Best for: equity investors willing to take volatility risk.
NSC (₹1.5L/year, 5-year maturity): At 7.7% semi-annual compounding, ₹1.5L in year 1 grows to Rs 2.17L by year 5, then reinvest. Over 15 years (3 cycles), total corpus Rs 40-42L (similar to PPF after tax). Gets 80C benefit. Problem: multiple renewals to track. Better than PPF only by 0.6% rate advantage.
Verdict: For risk-averse investors: PPF wins on simplicity and guarantee. For equity-comfortable investors: ELSS creates 20-40% more wealth but requires market discipline. Combined strategy: invest Rs 1.5L in both PPF (guaranteed base) and ELSS (growth) in a 50-50 split for best of both worlds.
Full Lock-In (15 Years): You cannot withdraw until year 15. Money sits untouched, grows at 7.1%, completely tax-free. Rs 1.5L/year for 15 years = Rs 35.8L at maturity. Best if: you have stable emergency fund elsewhere, won't face financial crises, want maximum compounding.
Partial Withdrawal Strategy (From Year 7): Starting year 7, withdraw 50% of balance every year. Rs 1.5L/year deposits + 7.1% growth + annual 50% withdrawals = creates a 'flowing' effect. Useful if: you need ongoing income post-retirement, want tax-free withdrawals, but still want growth on remaining balance.
Post-Maturity Extension: After 15 years, extend in 5-year blocks. Two options: (1) Extend with contributions (keep depositing Rs 1.5L/year, earn 7.1% on total) or (2) Extend without contributions (balance grows at 7.1%, withdraw anytime). Most people extend without contributions as they're retired and don't have Rs 1.5L excess income.
Loan Against PPF: From year 7 onwards, borrow against PPF balance at 1% interest (vs 8-12% for personal loans). Max loan = 50% of preceding year balance. Useful for education/medical emergencies without breaking the investment. But: loan must be repaid within 3 years.
Profile 1: Government/Salaried Employee (30-45 years old): Stable income, 80C deduction need, risk-averse mindset. Should invest Rs 1.5L/year in PPF. Zero market risk, 7.1% guaranteed, fully tax-free. By age 60 (30-year horizon), corpus grows beyond Rs 80L. Perfect fit.
Profile 2: Self-Employed/Business Owner (35-55 years old): Income varies, need tax planning flexibility, may need emergency access. Should invest Rs 1-1.25L/year in PPF (vs full Rs 1.5L). Keeps partial liquid money for business. Loan against PPF (at 1% vs 8-12% for business loans) offers emergency backup.
Profile 3: Young Earner (23-35 years old) with Equity Comfort: Long 30+ year horizon, can afford market volatility, want maximum growth. Should do 50% in PPF (for safety) + 50% in ELSS mutual funds (for growth). PPF = Rs 75K, ELSS = Rs 75K. Expected wealth at 55 = Rs 100L+ vs Rs 60L in pure PPF.
Profile 4: Pre-Retiree (55-60 years old): Want guaranteed income stream, low risk tolerance, nearing maturity need. Max out PPF to Rs 1.5L/year for last 5 working years. At 60, open extension without contributions, start partial withdrawals at 2-3L/year (fully tax-free) to supplement pension. Creates Rs 40L+ tax-free income pool.
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The current PPF interest rate is 7.1% per annum (as of Q1 2024-25), compounded annually. The rate is set by the government quarterly.
PPF has EEE status: (1) Investment qualifies for 80C deduction (up to ₹1.5L), (2) Interest earned is completely tax-free, (3) Maturity amount is fully tax-free.
Yes. After the 15-year lock-in, you can extend the account in 5-year blocks (with or without further contributions), and the EEE tax benefit continues.
Maximum: ₹1.5 lakh per financial year. Minimum: ₹500. Deposits can be made in lump sum or up to 12 installments per year.
ELSS has a 3-year lock-in vs PPF 15 years and offers higher potential returns of 12-15% CAGR vs PPF 7.1%. However, PPF is guaranteed and completely tax-free at maturity while ELSS gains above Rs 1.25L/year are taxed at 12.5% LTCG. For investors with 15+ year horizons and risk appetite, ELSS historically creates 2-3x more wealth than PPF.
Yes - in blocks of 5 years, indefinitely. Two options: extend with contributions (continue depositing up to Rs 1.5L/year and earn 7.1%) or extend without contributions (account grows at 7.1% on existing balance with no new deposits, full withdrawal allowed anytime). Extending with contributions makes sense if you have no better tax-free investment avenue.
Partial withdrawal is allowed from year 7 onwards. Maximum withdrawal: 50% of the balance at the end of 4 years prior to the year of withdrawal or 50% of the preceding year balance, whichever is lower. Only one partial withdrawal permitted per financial year. All PPF withdrawals are completely tax-free.
All banks offer the same 7.1% government-mandated rate - the choice is about convenience. SBI PPF is openable via YONO app in 5 minutes. ICICI Bank and HDFC Bank offer PPF via net banking. India Post is the original PPF provider with the widest branch network. Choose the bank where you already have your salary account for easy online transfers.
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