Public Provident Fund — Calculate maturity, interest and tax savings
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PPF is one of India's most popular long-term savings schemes backed by the Government of India. It offers tax-free returns under the EEE (Exempt-Exempt-Exempt) status — investment, interest, and maturity are all tax-free.
Lock-in period: 15 years | Current interest rate: 7.1% per annum | Minimum deposit: ₹500/year | Maximum deposit: ₹1,50,000/year | Tax benefit: Section 80C deduction up to ₹1.5 lakh | Available at: Post offices and major banks.
Can I withdraw PPF before 15 years?
Partial withdrawal is allowed from the 7th year onwards — up to 50% of the balance at the end of the 4th year. Full premature closure is only allowed in specific circumstances like medical emergencies after 5 years.
How much will ₹1.5 lakh/year in PPF grow in 15 years?
At current rate of 7.1%, investing ₹1,50,000 per year for 15 years will give you approximately ₹40.68 lakhs at maturity. Total investment = ₹22.5 lakh, total interest earned = ₹18.18 lakh, all completely tax-free.