PPF Calculator — 7.1% Interest, Tax-Free Maturity (2026)
Calculate your Public Provident Fund maturity value at the current 7.1% p.a. rate — unchanged for Q2 FY 2026-27 (July 2026), the 9th consecutive quarter. Deposits, interest and maturity are all tax-free (EEE).
How PPF interest is calculated
PPF compounds annually. Each year's closing balance is the opening balance plus your deposit, grown at 7.1%. (Officially, interest accrues monthly on the lowest balance between the 5th and month-end — deposit before the 5th of April to earn interest on the full year's deposit.)
repeated for each year of the 15-year term
PPF maturity value at 7.1% (deposit made every year)
| Yearly deposit | Period | Total invested | Maturity value | Tax-free interest |
|---|---|---|---|---|
| ₹50,000 | 15 years | ₹7,50,000 | ₹13,56,070 | ₹6,06,070 |
| ₹1,00,000 | 15 years | ₹15,00,000 | ₹27,12,139 | ₹12,12,139 |
| ₹1,50,000 | 15 years | ₹22,50,000 | ₹40,68,209 | ₹18,18,209 |
| ₹1,50,000 | 20 years (ext.) | ₹30,00,000 | ₹66,58,288 | ₹36,58,288 |
| ₹1,50,000 | 25 years (ext.) | ₹37,50,000 | ₹1,03,08,015 | ₹65,58,015 |
PPF rules at a glance (July 2026, Q2 FY 2026-27)
| Feature | Detail |
|---|---|
| Interest rate | 7.1% p.a., compounded annually (unchanged 9 quarters) |
| Deposit limit | ₹500 minimum – ₹1,50,000 maximum per financial year |
| Lock-in | 15 years; extendable in 5-year blocks |
| Tax status | EEE — 80C deduction (old regime), tax-free interest & maturity |
| Partial withdrawal | Allowed from year 7; loan facility years 3–6 |
Frequently asked questions
What is the PPF interest rate in 2026?
The Public Provident Fund earns 7.1% per annum for Q2 FY 2026-27 (July–September 2026), compounded annually. The government has kept small-savings rates unchanged for the 9th consecutive quarter.
How much will ₹1.5 lakh per year in PPF become in 15 years?
At 7.1% with annual compounding, depositing ₹1,50,000 every year for 15 years grows to ₹40,68,209 at maturity — ₹22,50,000 invested plus ₹18,18,209 tax-free interest.
Is PPF completely tax-free?
Yes. PPF has EEE (Exempt-Exempt-Exempt) status: deposits qualify for Section 80C deduction up to ₹1.5 lakh (old regime), the interest earned is tax-free, and the maturity amount is tax-free. Under the Income Tax Act 2025 (effective 1 April 2026), 80C is renumbered but the benefit amounts are identical.
Can I extend my PPF account after 15 years?
Yes. After the 15-year lock-in you can extend in blocks of 5 years, with or without fresh deposits. ₹1.5L/year continued to 20 years grows to about ₹66.58 lakh and to about ₹1.03 crore at 25 years at 7.1%.
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