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SBI PPF Calculator

A PPF account is a government-backed savings scheme with tax-free interest. Enter what you deposit each year, the current rate and how many years you will run it, and see the maturity amount.

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Good to know

Independent calculator, not made or approved by State Bank of India or any other bank. PPF rates and rules are set by the government and can change. Results are estimates.

What it does

  • Maturity amount, total deposited and interest
  • Deposit capped at the ₹1,50,000 yearly limit
  • Minimum 15 years, with extensions up to 50 years
  • Same for SBI, PNB, other banks and the post office

How to use it

  1. Enter how much you will deposit each year (up to ₹1,50,000).
  2. Enter the current PPF interest rate and the number of years (15 or more).
  3. Read the maturity amount and the interest earned.

How does PPF grow?

A PPF account runs for 15 years and can be extended in blocks of 5 years. You can deposit up to ₹1,50,000 a year. The government sets the interest rate every quarter, and interest is added once a year. The calculator assumes you deposit the full year's amount at the start of the year, which is close to paying before the 5th of each month.

PPF interest and the maturity amount are tax-free, and deposits qualify for a deduction under section 80C in the old tax regime. The rate can change during your term, so treat the result as an estimate. Interest is really worked out monthly on the lowest balance between the 5th and the month end, so late deposits earn a little less.

Example

Depositing ₹1,50,000 every year for 15 years at 7.1% gives about ₹40,68,209. You pay in ₹22,50,000, so about ₹18,18,209 is tax-free interest.

Questions people ask

Is this calculator from SBI?
No. It is an independent tool. PPF rules are the same at every bank and the post office, so it works for all of them.
What if the PPF rate changes?
The rate is reviewed every quarter. Run the calculator again with the new rate to update your estimate.
Can I deposit more than ₹1,50,000?
No. The yearly limit is ₹1,50,000, so the calculator caps the deposit there. Extra money is not accepted and earns no interest.

Disclaimer

This tool is for general information only. It is not financial, tax, investment or legal advice, and results are estimates that may differ from your bank, lender or tax authority. Rates, limits and tax rules change. Bank and brand names are used only to describe what the tool does; they belong to their owners and we are not affiliated with them. Check the figures with a qualified professional or your provider before you decide. You use this tool at your own risk, and TheFreeTool is not liable for any loss that follows. Read the full disclaimer

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