PPF is a fifteen-year, government-backed, fully tax-exempt savings vehicle. Its appeal is compounding plus EEE tax treatment, not a headline rate.
Compound annually at 7.1 % (current rate). 15-year lock-in.
Note. The PPF rate is notified quarterly. Use the current rate for a realistic projection.
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Set the annual contribution, subject to the statutory maximum.
Apply the prevailing interest rate, which the government notifies quarterly.
Compound annually across the tenure to reach the maturity value.
Contributing ₹1,50,000 a year for 15 years at around 7.1% produces a maturity value in the region of ₹40 lakh, of which roughly ₹17.5 lakh is your own contribution.
It is government-backed but not fixed for the full term — the rate is notified quarterly and has moved over the years.
No, one account per person. You may also open one on behalf of a minor, but the combined limit still applies.
Garuda HR looks after payroll, attendance, leave and statutory compliance for Indian teams — the same arithmetic, run for you every month, with a full audit trail. We would be glad to show you around.