Maturity value of a Public Provident Fund account.
Calculate Public Provident Fund maturity value, interest earned, and tax-free corpus growth over 15-year account tenures.
Where: r is current annual PPF interest rate; annual contribution is deposited before April 5th of each financial year.
PPF is a 15-year government-backed savings scheme offering complete capital protection, guaranteed annual interest rates, and EEE tax-exempt status.
Exempt-Exempt-Exempt status means annual contributions qualify for 80C deductions, interest earned is tax-free, and final maturity lump sums incur zero tax.
Account holders can extend PPF in blocks of 5 years indefinitely upon 15-year maturity, with or without making fresh annual contributions.
The maximum contribution allowed in a PPF account is ₹1.5 Lakhs per financial year, while the minimum required is ₹500.
PPF monthly interest is calculated on the lowest balance between the 5th and end of the month. Depositing before the 5th maximizes monthly interest credits.
No, an individual can open only one PPF account under their name across all authorized banks and post office branches in India.