What is the Union Bank of India PPF calculator?
The Union Bank of India Public Provident Fund (PPF) calculator estimates how your yearly contributions could grow over the account tenure. PPF is a government-backed savings scheme with a 15-year initial lock-in, EEE tax status, and a quarterly reviewed interest rate set by the Ministry of Finance.
If you invest through Union Bank of India, You can deposit between ₹500 and ₹1.5 lakh per financial year in up to 12 installments. The tool shows total invested, estimated interest, and maturity value based on your inputs—not a guarantee of future rates.
How can a Union Bank of India PPF calculator help you?
Most people use it to see whether maxing out the ₹1.5 lakh annual limit is worth the lock-in, or to compare PPF against bank FDs and mutual fund SIPs for the same cash flow.
- Estimate maturity corpus at the current or assumed interest rate.
- See total capital deployed versus tax-free interest over 15 years or longer.
- Plan Section 80C allocation alongside other fixed-income options like the FD calculator.
How does this PPF calculator work?
Annual deposits are credited at the start of each financial year with annual compounding. The formula is the standard annuity-due future value for equal yearly instalments.
F = P × [((1 + i)^n − 1) / i] × (1 + i)
Where –
| F | Maturity amount |
|---|---|
| P | Yearly deposit (max ₹1,50,000) |
| i | Annual interest rate as a decimal |
| n | Tenure in years |
Example: ₹1,50,000 per year for 15 years at 7.1% → F ≈ ₹40,68,209
Worked example
Deposit ₹1,50,000 every year for 15 years at 7.1% p.a. Total invested is ₹22,50,000. With annual compounding on deposits made at the start of each year, the maturity value is about ₹40,68,209—roughly ₹18,18,209 in tax-free interest.
How to use this PPF calculator
Enter yearly investment (within ₹500–₹1,50,000), rate of interest, and time period in years (minimum 15). Results update as you move sliders or edit values.
For monthly bank deposits with quarterly compounding, try the RD calculator. For a girl child's long-term savings, see the SSY calculator.
What this calculator does not include
Partial withdrawals after year 7, loan against PPF, extension rules in 5-year blocks, and quarterly rate changes are not modeled. A single constant rate is assumed for the full tenure.
Frequently asked questions
What is the current PPF interest rate?
The government sets PPF rates quarterly. This calculator defaults to 7.1% p.a.—adjust the rate field to match the latest notification from the Ministry of Finance.
Is PPF interest tax-free?
Yes. PPF enjoys EEE status: contributions (up to ₹1.5 lakh under Section 80C), interest, and maturity are exempt from tax subject to current law.
Can I withdraw from PPF before 15 years?
Partial withdrawals are allowed from the 7th financial year under scheme rules. Premature closure is permitted in limited cases. This calculator assumes full tenure without withdrawals.