Project maturity balance and accumulated tax-free interest for Public Provident Fund accounts.
Result
Government of India reviews small savings interest rates quarterly. Rate is configurable to reflect future changes.
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Maturity = P x [((1 + r)^n - 1) / r] x (1 + r)
₹1,50,000 deposited annually for 15 years at 7.1% interest.
Maturity value: ₹40,68,209 | Total deposited: ₹22,50,000 | Interest earned: ₹18,18,209.
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Open calculatorUnder government rules, you can deposit a maximum of ₹1.5 lakh per financial year across all PPF accounts held in your name or on behalf of minors.
Yes. PPF falls under the EEE (Exempt-Exempt-Exempt) tax category in India: investments are tax-deductible under Section 80C, interest earned is tax-free, and the maturity amount is 100% exempt from income tax.
The Public Provident Fund is a sovereign-backed long-term savings instrument with a mandatory 15-year lock-in period. Account holders can extend the tenure in 5-year blocks indefinitely.
To maximize interest, deposits should be made between the 1st and 5th of each month, as monthly interest is calculated on the minimum balance between the 5th and the final day of the calendar month.