Public Provident Fund (PPF) Calculator

PPF is a government-backed long-term savings-cum-tax-saving scheme offering guaranteed tax-free returns and sovereign safety.

PPF interest is calculated monthly on the lowest balance in your account between the close of the 5th day and the end of the month. The interest is credited to your account annually on March 31st.

Since interest is calculated on the lowest balance between the 5th and the end of the month, any deposit made on or after the 6th will not earn interest for that calendar month. Deposing before the 5th maximizes your returns.

Yes, you can extend your PPF account indefinitely in blocks of 5 years. You must submit Form H within one year of maturity if you wish to extend with fresh contributions.

You must invest a minimum of ₹500 and can invest a maximum of ₹1,50,000 in a financial year. Deposits exceeding ₹1.5 Lakhs will not earn interest and are not eligible for tax deductions.

No. PPF falls under the Exempt-Exempt-Exempt (EEE) tax regime, meaning the investment principal, interest earned, and maturity proceeds are completely tax-free.

Premature closure is allowed only after 5 financial years under specific conditions, such as treatment of life-threatening diseases of the account holder or family, or higher education of children. A penalty of 1% interest rate reduction is levied.

No, an individual can open only one PPF account in their name. You can, however, open another account on behalf of a minor child, but the combined yearly contribution limit remains ₹1.5 Lakhs.

No, Non-Resident Indians (NRIs) are not allowed to open new PPF accounts. However, if a resident becomes an NRI during the tenure, they can continue to maintain the account until maturity on a non-repatriation basis.

Yes, under the PPF Act, the balance in a PPF account cannot be attached by any order or decree of a court in respect of any debt or liability incurred by the account holder.