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PPF Calculator — Public Provident Fund 2026-27

Updated: 3 June 2026  |  Rate: 7.1% p.a. (Q1 FY 2026-27)  |  Section 80C & EEE Tax Status

PPF interest rate is 7.1% per annum (compounded annually) for Q1 FY 2026-27 (April–June 2026). Lock-in period: 15 years. Minimum deposit: ₹500/year. Maximum deposit: ₹1,50,000/year. Tax status: EEE — investment deductible under Section 80C, interest tax-free, maturity amount fully exempt. Use the calculator below to compute your maturity amount.
7.1%
Current PPF interest rate — Q1 FY 2026-27 (Apr–Jun 2026).
Compounded annually. Interest credited on 31 March each year. Calculated on minimum balance between 5th and last day of the month.

PPF Maturity Calculator

Min ₹500 — Max ₹1,50,000 per year
Min 15 years. Extensions in 5-year blocks (up to 50)
Current rate: 7.1% (Q1 FY 2026-27)

PPF Key Facts — FY 2026-27

Parameter Details
Current Interest Rate7.1% p.a.
Interest CompoundingAnnually (credited 31 March)
Lock-in Period15 years (mandatory)
Minimum Deposit₹500 per year
Maximum Deposit₹1,50,000 per year
Tax StatusEEE — Exempt on investment, interest & maturity
Section 80C DeductionYes — up to ₹1,50,000 per year
Partial WithdrawalAllowed from the 7th financial year onwards (once per year)
Loan against PPFAvailable from 3rd to 6th financial year
Who Can OpenAny Indian resident (adults & minors via guardian). One account per individual.
Where to OpenPost offices, nationalised banks, select private banks (ICICI, Axis, HDFC)
NominationAllowed (can nominate one or more persons)

PPF Extension Options After 15 Years

Extension Type Block Duration Deposits Required? Withdrawal Rule Form Required
Base term 15 years Yes (min ₹500/year) Partial from 7th year; full on maturity —
Extension without contribution +5 years (default if no Form H submitted) No deposits needed 1 withdrawal per year (any amount) No form needed
Extension with contribution +5 years (unlimited times) Yes (min ₹500, max ₹1.5L/year) 1 withdrawal per 5-year block (up to 60% of balance at start of block) Form H within 1 year of maturity

Extensions with contribution can be done unlimited times in 5-year blocks. Each extension continues to earn tax-free interest and qualifies for Section 80C deduction.

How PPF Interest Is Calculated

PPF interest is calculated on the minimum balance between the 5th and the last day of each month. To maximise interest, always deposit before the 5th of April (start of financial year). Interest is compounded annually and credited to the account on 31 March each year.

Maturity Value = PMT × (((1 + r)^n − 1) / r) × (1 + r)
Where PMT = annual deposit  |  r = interest rate / 100  |  n = number of years

How to Open a PPF Account

  1. Choose where to open: Post office, SBI or other nationalised banks, ICICI/HDFC/Axis (online available)
  2. Documents required: PAN card, Aadhaar / address proof, passport-size photograph, nomination form
  3. Fill Form A (new account opening form) — available online or at the branch
  4. Initial deposit: Minimum ₹500. Can be paid by cheque, demand draft, or online transfer
  5. Receive passbook: PPF passbook with your account number is issued immediately
  6. Link to net banking for future online deposits (recommended for timely deposits before 5th of each month)

Frequently Asked Questions

What is the PPF interest rate for 2025-26 / 2026-27?
The PPF (Public Provident Fund) interest rate for Q1 FY 2026-27 (April–June 2026) is 7.1% per annum, compounded annually. This rate has remained unchanged since April 2020. The government reviews PPF interest rates every quarter. Interest is calculated on the lowest balance between the 5th and last day of each month, and credited to the account at the end of the financial year (31 March).
Can an NRI open a PPF account?
No. Non-Resident Indians (NRIs) cannot open a new PPF account. However, if a resident Indian who already had a PPF account subsequently becomes an NRI, the account can be continued till maturity (15 years) but cannot be extended thereafter. On maturity, the NRI must close the account and the proceeds can be remitted abroad.
How to extend PPF after 15 years?
After the 15-year lock-in, you have two options: (1) Extension without contribution — the account continues to earn interest at the prevailing PPF rate without making any deposits. Withdrawals allowed once per year. (2) Extension with contribution — submit Form H within one year of maturity to continue depositing. You can extend in blocks of 5 years, any number of times. If you miss submitting Form H within one year, the account defaults to "without contribution" mode.
Is PPF maturity amount taxable?
No. PPF follows the EEE (Exempt-Exempt-Exempt) tax model. The annual contribution is deductible under Section 80C (up to ₹1.5 lakh), the interest earned each year is fully tax-free, and the maturity amount (principal + interest) is completely exempt from income tax. PPF is one of the very few investments that offer full tax exemption at all three stages.
PPF vs ELSS — which is better for tax saving?
Both qualify for Section 80C deduction up to ₹1.5 lakh. PPF offers guaranteed 7.1% tax-free returns, a 15-year lock-in, and zero market risk — ideal for conservative investors. ELSS (Equity Linked Saving Schemes) has the shortest lock-in (3 years) among 80C options, potential for higher returns (12-15%+ historically) but with market risk. LTCG above ₹1.25 lakh on ELSS is taxable at 12.5%. Choose PPF for guaranteed, risk-free tax-free growth; choose ELSS for potentially higher (but market-linked) returns with a shorter lock-in.

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