📐 Formula Used
PPF Maturity = Σ [Y × (1 + 7.1/100)^(15–n)] for n = 0 to 14 Y = Annual Contribution
Frequently Asked Questions
What is PPF?
PPF (Public Provident Fund) is a government-backed long-term savings scheme with a 15-year lock-in. It offers EEE (Exempt-Exempt-Exempt) tax status.
What is the current PPF interest rate?
The current PPF interest rate is 7.1% per annum, compounded annually. The government reviews rates quarterly.
What is the PPF investment limit?
Minimum: ₹500/year. Maximum: ₹1,50,000/year. Deposits exceeding ₹1.5L per year do not earn interest.
Can I extend PPF after 15 years?
Yes. You can extend in blocks of 5 years with or without further deposits, continuing to earn interest.