PPF Calculator

Interest is worked out monthly on the lowest balance between the 5th and the last day of the month, but credited once at the end of the financial year. This tool assumes the yearly deposit is made before 5 April, so it earns for the full year and the balance compounds yearly. Depositing later in the year gives a slightly lower figure.

Yes, on all three legs (EEE): the deposit qualifies for section 80C up to ₹1,50,000 under the old regime, the interest is exempt every year, and the maturity amount is exempt. Under the new regime there is no 80C deduction, but the interest and maturity stay tax-free.

A minimum of ₹500 a year keeps the account active; the maximum is ₹1,50,000 a year across all PPF accounts you hold, including a minor child’s. Anything above ₹1,50,000 earns no interest and is refunded.

You can withdraw everything, or extend in blocks of five years, with or without fresh deposits. An extension with deposits needs Form H within a year of maturity; without it, the balance keeps earning interest and one withdrawal a year is allowed. This tool models extensions to 20, 25 or 30 years with deposits continuing.

Partial withdrawal is allowed from the seventh financial year, limited to 50% of the balance at the end of the fourth preceding year or the previous year, whichever is lower. A loan against the balance is available between the third and sixth year. Full premature closure is permitted only in specific cases such as serious illness or higher education, with a 1% interest cut.