How is the interest on PPF calculated?

The government notifies the interest rate on PPF quarterly. It is aligned with rates on government securities. Moreover, the interest is calculated based on your account balance before the fifth of each month. To maximise benefits, ensure deposits are made before this date; otherwise, deposits made later won't get interest for that month.

What is the minimum lock-in period for PPF?

The minimum lock-in period for PPF is 15 years, and you can extend it in blocks for another five years. However, you can withdraw partial amounts from your PPF account after completing five years of investing in the PPF scheme.

What is the minimum amount required to start investing in PPF?

PPF is one of the investment schemes with a low entry ticket. You can invest as little as ₹500 to open a PPF account with Axis Bank.

How much will I get in PPF after 15 years?

At the end of the 15 years, you will receive the investment amount as well as the interest on the investment amount, which was compounded annually for all these years. It depends on your investment amount and prevailing interest rate.

PPF Calculator - Public Provident Fund Calculator Online

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Investment Frequency

Investment Amount

₹

50012.5K

Duration

15 Years

Rate of Interest

7.10%

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Maturity Amount

₹3,72,272

Interest Schedule

Year

Deposit Amount

Balance Amount

Interest Amount

Actual returns may vary depending on revisions in the public provident fund interest rate.

What is a PPF Calculator?

A PPF calculator is an online financial tool that estimates the final corpus you will receive at the end of the standard 15-year investment tenure. It calculates returns based on your annual contribution and the prevailing interest rate declared by the Government of India.

The calculation of PPF account involves compound interest, credited annually. A public provident fund interest rate calculator simplifies this process by automatically applying the current rate and showing how your deposits grow over time.

How can the PPF Calculator help you?

A PPF calculator is a practical tool that helps investors plan long-term savings with clarity and discipline. It provides a quick estimate of potential returns and supports better financial planning.

Estimates your maturity amount
It calculates the projected maturity value of your investment based on your yearly contributions and the applicable interest rate.
Enables scenario analysis
You can adjust your contribution amounts to see how different investment levels impact your final maturity value.
Helps compare investment options
The calculator makes it easier to compare potential long-term returns with other instruments, such as recurring deposits, to make balanced financial decisions.
Supports goal-based savings
It helps you align your investment with long-term goals such as retirement planning or funding your child’s education.
Encourages informed financial decisions
By using a public provident fund interest rate calculator, you gain realistic insights into how your savings can grow over time.

How to use the PPF calculator?

A PPF calculator is designed to be simple and intuitive, allowing you to quickly estimate your investment growth with just a few inputs.

1. Enter your annual contribution

Input the amount you plan to invest each year. The minimum contribution allowed in a PPF account is ₹500.

2. Confirm the investment tenure

The standard PPF tenure is 15 years, which is usually pre-selected in most calculators.

3. Check the interest rate

Verify the interest rate applied to the calculation. Most calculators automatically update the current PPF interest rate.

4. View the projected maturity value

Once the inputs are entered, the calculator instantly displays your estimated maturity amount, including the interest earned through compounding.

Formula used for calculating PPF

The calculation of PPF account is based on compound interest. The general formula is:
A = P × [(1 + r/n)^(n × t) – 1]
Where

A = Maturity amount
P = Annual contribution
r = Interest rate
n = Number of times interest is compounded (once yearly)
t is the number of years

Since the interest rate is revised quarterly by the government, a PPF calculator ensures updated and accurate projections.

Advantages of PPF Calculator

Using a PPF calculator offers several benefits that make financial planning easier and more efficient.

Accurate return estimates
It eliminates manual calculation errors and provides reliable projections of your investment growth.
Saves time
Instead of performing complex calculations manually, you receive instant maturity estimates within seconds.
Provides financial clarity
The calculator clearly shows the total contribution made and the interest earned over the investment period.
Offers investment flexibility
You can experiment with different annual contribution amounts to understand how they affect long-term returns.
Supports better financial planning
By showing realistic growth projections, the calculator helps align your savings strategy with long-term wealth creation and tax-saving goals.

Disclaimer

The information provided in this calculator is not research material carried out by Axis Bank and it does not represent views of Axis Bank in any manner whatsoever.
The information contained in here is general information. Neither does it constitute any offer, invitation, recommendation or solicitation to any person to enter into any transaction described therein or any similar transaction with Axis Bank nor does it constitute any prediction of likely future movements. The information has not been prepared with regard to any person or group of persons' investment objectives, financial situation, experience or particular needs and the information should not be construed as investment or saving recommendation or advice.
The Bank accepts no responsibility and liability for any errors, omissions or inaccuracies in the information provided here. The Bank shall not be liable for any loss or damage arising directly or indirectly resulting from the use of information contained herein, or the inability to use such information or in connection with any error, imperfection, inaccuracy, mistake, defect, interruption, delay in operation or incomplete transmission, line or system failure.
Axis Bank, its affiliates/group companies shall not be liable, responsible or answerable in any manner, for any kind of loss or damage that may arise to any person due to any kind of error in the information contained here or otherwise.

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Frequently Asked Questions

Interest is calculated annually on the lowest balance between the 5th and last day of each month and credited at year-end. The rate is set quarterly by the government.

The minimum lock-in period for the public provident fund is 15 years. Partial withdrawals are allowed from the 7th financial year, subject to rules.

You can open a PPF account with Axis Bank with a minimum annual contribution of ₹500.

The final amount depends on your yearly investment and the applicable rate. A public provident fund calculator can provide an accurate projection based on your contribution pattern.

Yes, both the interest earned and the maturity amount on investments up to ₹1.5 lakh in a year in PPF are tax-free. But that’s not all as contributions in a PPF account also qualify for deductions while interest earned is tax-free.

The PPF maturity period is fixed at 15 years from the end of the financial year in which the account was opened. After maturity, options include withdrawal, extension, or partial withdrawals. For example, if you made your first investment in June 2024, your account would mature in March 2040.