PPF Calculator

Yes. PPF enjoys EEE status: your contributions qualify for 80C deduction, the interest is tax-free, and the maturity amount is tax-free too. That's rare and valuable.

The government revises it every quarter. It has hovered around 7.1% recently. You can change the rate in the calculator to match the current figure.

PPF has a 15-year lock-in. Partial withdrawals are allowed from the 7th year, and loans against the balance from the 3rd year, subject to rules.

You can invest between ₹500 and ₹1.5 lakh per financial year in a PPF account, and the same ₹1.5 lakh also qualifies for a deduction under Section 80C.

Yes. PPF is a central government scheme, so the interest rate and rules are identical whether you open the account at a post office or an authorised bank. The government sets a single rate for everyone. That is why this ppf calculator post office monthly view and the bank view give the same result. Confirm the latest rate on the National Savings Institute / India Post source before you calculate.

There is no permanently fixed figure: the government reviews and notifies the PPF rate every quarter, so the 'ppf interest rate today' can change from one quarter to the next. Rather than hard-coding a number, this ppf calculator india lets you enter the current government-notified rate, which you can verify on the National Savings Institute / India Post source linked below.

Not exactly. PPF interest is worked out on the lowest balance between the 5th and the last day of each month, so money paid in earlier, both earlier in the month and earlier in the financial year, earns more. Depositing the full ₹1.5 lakh before the 5th of April typically earns the most, while spreading it across monthly deposits earns slightly less. This ppf return calculator assumes contributions are invested at the start of each period, so treat the monthly-versus-yearly gap as small.

No. One person is allowed only one PPF account in their own name, whether it is opened at a post office or a bank. If a second account is discovered it is treated as irregular: the extra account is typically closed and the balance refunded without interest, and the accounts are not merged. You may separately open and operate an account as guardian for a minor child, but your own deposits across all of them still count toward the ₹1.5 lakh yearly ceiling.

The account becomes dormant or discontinued. While it is inactive you cannot take a loan or make a partial withdrawal against it, though the existing balance keeps earning interest. To revive it you deposit the ₹500 minimum for each missed financial year plus a small default fee per missed year, paid along with your current-year contribution. The penalty is nominal, so it is almost always worth reviving rather than leaving the account frozen for the rest of the 15-year term.

Yes, in blocks of 5 years, as many times as you like. You have two options: extend with fresh contributions, which you must elect in writing within a year of maturity and which keeps the ₹1.5 lakh yearly limit and the 80C benefit, or extend without contributions, which happens by default if you do nothing and lets the balance keep earning tax-free interest. The without-contribution route allows one withdrawal per financial year of any amount from the balance.