Savings Calculators
SBI PPF Calculator
The Public Provident Fund (PPF) is a government-backed, long-term savings scheme with a guaranteed, fully tax-free return and a 15-year base term. State Bank of India (SBI) is one of the most popular places to open and run a PPF account: you can open it at almost any SBI branch or fully online through SBI NetBanking and YONO, deposit through standing instructions, and manage the account alongside your other SBI relationships. The scheme rules, interest rate and tax treatment are set by the government and are identical wherever you hold the account — only the convenience differs. Use this SBI PPF calculator to project your maturity value and total tax-free interest from your yearly contributions.
- Invested
- ₹22,50,000
- Interest Earned
- ₹18,18,209
Maturity Value
₹40,68,209
- Invested55%
- Interest Earned45%
Formula
M = P × [((1 + r)ⁿ − 1) ÷ r] × (1 + r)
- M
- Maturity value at the end of the term.
- P
- Yearly contribution (PPF allows up to ₹1.5 lakh per year).
- r
- Annual PPF interest rate ÷ 100 (government-set, same at SBI).
- n
- Number of years invested (minimum 15).
PPF interest compounds annually and the maturity amount is fully tax-free. The rate is fixed by the government every quarter and is the same at SBI as at any other bank or post office; this calculator assumes a fixed yearly contribution.
Worked example
Suppose you invest ₹1,50,000 every year into your SBI PPF account at the government PPF rate of 7.1% per annum for the full 15-year term.
- Yearly Investment (P)
- ₹1,50,000
- Interest Rate (p.a.)
- 7.1% (government-set)
- Tenure
- 15 years
You invest ₹22,50,000 in total over 15 years. At 7.1% the SBI PPF account matures to about ₹40,68,209 — meaning roughly ₹18,18,209 of tax-free interest on top of your contributions.
Year-by-year growth
Based on the default SBI PPF Calculator values above. The final year matches the maturity value shown by the calculator — change the inputs to project your own plan.
- Total invested
- ₹22,50,000
- Interest earned
- ₹18,18,209
- Maturity value
- ₹40,68,209
- Value / invested
- 1.81×
Over 15 years, your ₹22,50,000 grows to about ₹40,68,209 — roughly 1.81× what you put in, thanks to compounding.
| Year | Invested | Interest earned | Maturity value |
|---|---|---|---|
| 1 | ₹1,50,000 | ₹10,650 | ₹1.61 Lakh |
| 2 | ₹3,00,000 | ₹32,706 | ₹3.33 Lakh |
| 3 | ₹4,50,000 | ₹66,978 | ₹5.17 Lakh |
| 4 | ₹6,00,000 | ₹1,14,334 | ₹7.14 Lakh |
| 5 | ₹7,50,000 | ₹1,75,701 | ₹9.26 Lakh |
| 6 | ₹9,00,000 | ₹2,52,076 | ₹11.52 Lakh |
| 7 | ₹10,50,000 | ₹3,44,524 | ₹13.95 Lakh |
| 8 | ₹12,00,000 | ₹4,54,185 | ₹16.54 Lakh |
| 9 | ₹13,50,000 | ₹5,82,282 | ₹19.32 Lakh |
| 10 | ₹15,00,000 | ₹7,30,124 | ₹22.30 Lakh |
| 11 | ₹16,50,000 | ₹8,99,113 | ₹25.49 Lakh |
| 12 | ₹18,00,000 | ₹10,90,750 | ₹28.91 Lakh |
| 13 | ₹19,50,000 | ₹13,06,643 | ₹32.57 Lakh |
| 14 | ₹21,00,000 | ₹15,48,515 | ₹36.49 Lakh |
| 15 | ₹22,50,000 | ₹18,18,209 | ₹40.68 Lakh |
How this SBI PPF calculator works
Adjust the yearly investment, interest rate and tenure sliders to see your SBI PPF maturity value and tax-free interest update instantly, with a breakdown of contributions versus interest. The rate is pre-set to the current government PPF rate of 7.1% — update it whenever the government revises the rate. Because PPF compounds annually over a long term, the interest portion becomes a large share of the final corpus, and the chart makes that clear.
Why run your PPF through SBI
PPF is a cornerstone of conservative, long-term planning in India: guaranteed, tax-free, and sovereign-backed. Holding the account at SBI adds everyday convenience — you can fund it by standing instruction from your SBI savings account, track it in NetBanking and YONO alongside your SBI FD and SBI RD, and visit a branch if you need in-person service. The 15-year lock-in is the scheme’s discipline; many investors pair PPF with a market-linked SIP to balance safety with growth.
Tips for SBI PPF investors
- Deposit before the 5th of the month — PPF interest is calculated on the lowest balance between the 5th and the month-end, so early deposits earn more.
- Invest early in the financial year so each year’s contribution earns a full year of interest.
- Use a standing instruction from your SBI account so contributions never lapse and the account stays active.
- Contribute the ₹1.5 lakh maximum if you can, to build the largest tax-free corpus and use your full Section 80C limit.
- Extend in 5-year blocks after maturity to keep the compounding running.
faq
Frequently asked questions.
How do I open a PPF account with SBI?
You can open an SBI PPF account online through SBI NetBanking or the YONO app if you hold an SBI savings account with full KYC, or at any SBI branch with your PAN, Aadhaar and a photograph. The account is opened in your own name; you may also open one as a guardian for a minor.
Is the SBI PPF interest rate different from other banks?
No. The PPF interest rate is set by the central government and revised every quarter, and it is identical whether you hold the account at SBI, another bank, or a post office. SBI simply administers the account — it does not set the rate. This calculator lets you enter the current rate so the projection stays accurate.
Is SBI PPF tax-free?
Yes. PPF enjoys EEE (exempt-exempt-exempt) status: your contributions qualify for deduction under Section 80C, the interest earned is tax-free, and the maturity amount is tax-free. This holds for an SBI PPF account exactly as it does anywhere else.
What are the SBI PPF investment limits and tenure?
You can invest between ₹500 and ₹1,50,000 per financial year across all your PPF accounts combined. The base term is 15 years, after which you can extend in blocks of 5 years, with or without further contributions. Use the tenure slider to see how extending the term grows your corpus.
Can I take a loan or withdraw from my SBI PPF early?
Yes. PPF allows a loan against the balance between the 3rd and 6th years, and partial withdrawals from the 7th year onward, subject to scheme limits. Full withdrawal is available at maturity, which is what this calculator projects.