The Public Provident Fund (PPF) is one of India's safest and most tax-efficient savings schemes. Backed by the Government of India, it offers guaranteed, completely tax-free returns — making it a cornerstone of smart long-term planning.

Why PPF is Special: EEE Status

PPF enjoys EEE (Exempt-Exempt-Exempt) status — the gold standard in taxation:

📌 Current PPF rate (2024)

7.1% per annum, compounded yearly and fully tax-free. A 7.1% tax-free return is equivalent to about a 10%+ taxable return for someone in the 30% slab.

Key PPF Rules

RuleDetail
Minimum / year₹500
Maximum / year₹1,50,000
Lock-in15 years (extendable in 5-yr blocks)
Interest7.1% p.a., compounded annually
Partial withdrawalAllowed from 7th year
LoanAllowed from 3rd to 6th year

How Much Can You Build?

Investing the full ₹1.5 lakh every year for 15 years at 7.1% grows to roughly ₹40.7 lakh — entirely tax-free. Extend it to 25 years and you cross ₹1 crore, with about ₹37.5 lakh invested and the rest pure tax-free interest.

🏦 Plan your PPF corpus

Use our free PPF calculator to see your maturity amount, total interest and year-by-year growth.

Open PPF Calculator →

Smart PPF Tips

Frequently Asked Questions

Is PPF better than FD?+
For long-term, tax-free goals, PPF usually beats FD because FD interest is taxable. A 7.1% tax-free PPF return equals roughly 10%+ taxable for a 30%-slab taxpayer. FD is more liquid, though.
Can I withdraw PPF before 15 years?+
Partial withdrawals are allowed from the 7th year. Full premature closure is allowed only in specific cases like serious illness or higher education, after 5 years.
What happens after 15 years?+
You can withdraw the full amount tax-free, or extend the account in blocks of 5 years — with or without further contributions — and keep earning tax-free interest.
Can I invest more than ₹1.5 lakh in PPF?+
No. ₹1.5 lakh per financial year is the legal maximum across all your PPF accounts. Deposits beyond this earn no interest and are not eligible for tax benefit.