Public Provident Fund Calculator
Balance at maturity
4,398,642.46 INR
Public Provident Fund (PPF) Calculator
Total deposited
2,250,000.00 INR
Total interest earned
2,148,642.46 INR
Interest as a share of the maturity value
48.85 %
Interest credited in year 1
12,000.00 INR
Worked out from Public Provident Fund Scheme, 2019 (G.S.R. 913(E)), Government of India - paragraph 4 deposit limits, paragraph 9 maturity after fifteen years, paragraph 10 interest on the lowest balance between the close of the 5th day and the end of the month, credited at the end of each financial year and 1 other source.
The rate you entered is applied to every year. The actual PPF rate is re-notified each quarter.
An illustration of the scheme arithmetic at the rate you enter. The PPF rate is re-notified every quarter, so a real account will not compound at one fixed rate. It is not tax, investment or eligibility advice.
How this is worked out
5 steps
- Rate = 8% a year, so 0.666667% is accrued each month on the qualifying balance.
- Deposits land on or before the 5th, so each one earns interest from the month it is made (scheme paragraph 10).
- Interest accrued through the year is credited in one lump at the end of the financial year, and only then compounds.
- Total deposited over 15 years = 2250000; interest = 2148642.46.
- Balance after 15 years = 4398642.46.
Year by yeartable
| year | openingBalance | deposited | interest | closingBalance |
|---|---|---|---|---|
| 1 | 0 | 150,000 | 12,000 | 162,000 |
| 2 | 162,000 | 150,000 | 24,960 | 336,960 |
| 3 | 336,960 | 150,000 | 38,956.8 | 525,916.8 |
| 4 | 525,916.8 | 150,000 | 54,073.34 | 729,990.14 |
| 5 | 729,990.14 | 150,000 | 70,399.21 | 950,389.36 |
| 6 | 950,389.36 | 150,000 | 88,031.15 | 1,188,420.5 |
| 7 | 1,188,420.5 | 150,000 | 107,073.64 | 1,445,494.14 |
| 8 | 1,445,494.14 | 150,000 | 127,639.53 | 1,723,133.68 |
| 9 | 1,723,133.68 | 150,000 | 149,850.69 | 2,022,984.37 |
| 10 | 2,022,984.37 | 150,000 | 173,838.75 | 2,346,823.12 |
| 11 | 2,346,823.12 | 150,000 | 199,745.85 | 2,696,568.97 |
| 12 | 2,696,568.97 | 150,000 | 227,725.52 | 3,074,294.49 |
| 13 | 3,074,294.49 | 150,000 | 257,943.56 | 3,482,238.05 |
| 14 | 3,482,238.05 | 150,000 | 290,579.04 | 3,922,817.09 |
| 15 | 3,922,817.09 | 150,000 | 325,825.37 | 4,398,642.46 |
Results are general information, not financial, tax, legal, medical or engineering advice.