PPF Maturity After 15 Years: Interest, Rules & Extension Options
By Pradipta Ray · Published
The Public Provident Fund (PPF) is India's premier sovereign-backed, tax-free savings instrument. Featuring the coveted EEE (Exempt-Exempt-Exempt) tax status, here is what happens when your PPF account completes its 15-year tenure.
The Public Provident Fund (PPF) combines zero default risk (guaranteed by the Government of India) with sovereign interest compounding. It remains the gold standard for conservative debt portfolios.
Direct Answer: At the official 7.1% p.a. interest rate, depositing ₹1,50,000 every year yields ₹40.68 Lakh tax-free upon maturity after 15 financial years. Depositing ₹50,000/year yields ₹13.56 Lakh.
PPF Maturity Values for Common Annual Contributions (at 7.1% p.a.)
| Annual Deposit | Total Invested (15 Yrs) | Total Tax-Free Interest | Maturity Corpus |
|---|---|---|---|
| ₹12,000 (₹1,000/mo) | ₹1,80,000 | ₹1,45,457 | ₹3,25,457 |
| ₹30,000 (₹2,500/mo) | ₹4,50,000 | ₹3,63,642 | ₹8,13,642 |
| ₹50,000 (approx ₹4,166/mo) | ₹7,50,000 | ₹6,06,070 | ₹13,56,070 |
| ₹1,00,000 (approx ₹8,333/mo) | ₹15,00,000 | ₹12,12,139 | ₹27,12,139 |
| ₹1,50,000 (Max Limit) | ₹22,50,000 | ₹18,18,209 | ₹40,68,209 |
The 5th of the Month Deposit Golden Rule
PPF interest is calculated on the lowest balance in your account between the close of the 5th day and the end of the calendar month. If you deposit funds on the 6th, you lose an entire month's interest on that deposit. Always deposit before the 5th of the month, or deposit the full ₹1.5 Lakh lump sum between April 1 and April 5 to maximize annual compounding.
Options Available at 15-Year Maturity
Option 1: Complete closure and withdraw 100% tax-free proceeds directly into your savings bank account.
Option 2: Extend with contributions in 5-year blocks by submitting Form H within one year of maturity date.
Option 3: Extend without contributions; balance continues earning sovereign tax-free interest, and you can make one withdrawal per financial year.
Frequently asked questions
What is the maturity value of max PPF (₹1.5 Lakh/yr) after 15 years?
Can I extend my PPF account after 15 years?
Is PPF maturity interest completely tax-free?
Calculators for this
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Authoritative Sources
- Ministry of Finance National Savings Schemes (PPF) Rules· verified 1 August 2026
- Reserve Bank of India Master Circular on Public Provident Fund· verified 1 July 2026