State Bank of India Public Provident Fund is India’s popular long-term saving product that enjoys tax exemption allowed under Section 80C of the Income Tax Act. So, what makes SBI PPF special?
SBI PPF Calculator
Enter your contribution details to calculate your PPF maturity amount
Government announces PPF interest rate every quarter. This calculator approximates interest by applying monthly compounding.
Maturity Amount
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Total Contribution
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Net Interest Earned
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Annualised Return
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Balance over time
Contributions
Why Invest in SBI PPF?
Tax-Free Returns
PPF offers EEE (Exempt-Exempt-Exempt) tax status - contributions, interest earned, and maturity amount are all tax-free.
Government Backed
PPF is backed by the Government of India, making it one of the safest investment options available.
Long-Term Growth
With a 15-year tenure and compounding interest, PPF helps build substantial corpus for retirement or other goals.
Loan Facility
You can avail loans against your PPF account between the 3rd and 6th financial year.
Partial Withdrawals
After 7 years, you can make partial withdrawals under specific conditions for financial emergencies.
Flexible Extensions
After maturity, you can extend your PPF account in blocks of 5 years with or without contributions.
How SBI PPF Calculator Works
Our PPF calculator uses the compound interest formula to project your investment growth:
Maturity Amount = P × [(1 + r)^n – 1]
Where:
- P = Annual investment amount
- r = Interest rate (currently 7.1% for SBI PPF)
- n = Tenure in years (minimum 15 years)
The calculator accounts for:
- Compounding interest (calculated annually)
- Maximum investment limit of ₹1.5 lakh per financial year
- 15-year minimum lock-in period
- Extension options beyond 15 years
Frequently Asked Questions
What is the current interest rate for SBI PPF?
The current interest rate for SBI PPF is 7.1% (as of Q2 2023). The government reviews and revises PPF interest rates every quarter.
Can I open a PPF account online with SBI?
Yes, existing SBI customers can open a PPF account online through Internet Banking. New customers need to visit a branch with KYC documents.
What is the minimum and maximum investment in SBI PPF?
The minimum investment is ₹500 per year, and the maximum is ₹1.5 lakh per financial year. You can make deposits in multiples of ₹50.
Can I extend my PPF account after 15 years?
Yes, you can extend your PPF account in blocks of 5 years after the initial 15-year period. You can choose to continue with or without further contributions.
Is PPF better than FD for long-term savings?
PPF generally offers better post-tax returns than FDs for investors in higher tax brackets due to its EEE tax status. However, FDs offer more liquidity. The choice depends on your financial goals and tax situation.
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