PPF Calculator

PPF is a long-term savings scheme backed by the Government of India. It offers guaranteed, tax-free returns with a lock-in period of 15 years. PPF is one of the safest investment options available in India and qualifies for tax deductions under Section 80C of the Income Tax Act.

The current PPF interest rate is 7.1% per annum, compounded annually. The rate is reviewed and set by the Government of India every quarter. While the rate can change, historically it has ranged between 7% and 8.7% over the past decade.

The minimum annual deposit in PPF is Rs 500, and the maximum is Rs 1,50,000 per financial year. You can make deposits in a lump sum or in up to 12 instalments per year. Deposits made by the 5th of the month earn interest for that month.

Partial withdrawal from PPF is allowed from the 7th financial year onwards. You can withdraw up to 50% of the balance at the end of the 4th preceding year or the preceding year, whichever is lower. The account cannot be closed prematurely except in specific cases like serious illness or higher education.

Yes, PPF enjoys EEE (Exempt-Exempt-Exempt) tax status in India. Your deposits qualify for deduction under Section 80C (up to Rs 1.5 lakh), the interest earned is tax-free, and the maturity amount is completely tax-free. This makes PPF one of the most tax-efficient investment options.

Yes, you can extend your PPF account in blocks of 5 years after the initial 15-year maturity. You can choose to extend with or without fresh contributions. The extension can be done within 1 year of maturity by submitting Form H at your bank or post office.