Public Provident Fund (PPF) Calculator

About Public Provident Fund (PPF)

The Public Provident Fund (PPF) is a popular long-term investment scheme in India that offers tax-free returns. It is backed by the Government of India and comes with a fixed tenure of 15 years, extendable in blocks of 5 years.

Features:

• Attractive interest rate (currently 7.1%).
• Flexible deposits (minimum Rs. 500 per year).
• Tax benefits under Section 80C.
• Partial withdrawals allowed after 7 years.

Formula Used

A = P � ((1 + r)^t - 1) � r

Where:
A = Maturity Value
P = Yearly Deposit
r = Rate of Interest (7.1% = 0.071)
t = Investment Period (in years)