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Public Provident Fund (PPF) Withdrawal and Loan Calculator

A Public Provident Fund (PPF) account is locked for 15 years, but the scheme lets you borrow in the early years and make one partial withdrawal a year later on. Enter when the account was opened and what you deposit, and the table shows the balance, the loan limit, the withdrawal limit and what a loan would cost, year by year.

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Calculator and results

In 2026-27 (year 7) you can withdraw up to ₹2,58,489. Loans are allowed from 2022-23 to 2025-26, and partial withdrawals from 2026-27. A loan repaid within 36 months costs 1% a year plus the 7.1% PPF interest the borrowed money gives up, about 8.1% in all.

2020-21. This is year 1 for the loan and withdrawal rules.

₹

Between ₹500 and ₹1,50,000 a year. Assumed paid by 5 April.

%

7.1% for October–December 2026. Applied to every year; past rates were different.

months

Repay within 36 months for 1% a year; after that the rate is 6%.

Max withdrawal in 2026-27

₹2,58,489

under the PPF Scheme, 2019

Loan interest rate

1%

repaid in 36 months

Loan years

2022-23 to 2025-26

years 3 to 6

Withdrawals from

2026-27

year 7, once a year

Real cost of a loan

8.1% a year

loan rate + PPF interest given up

Balance at maturity

₹45,17,701

end of 2035-36

Year by year

PPF balance, loan and withdrawal limits by year
YearBalance at year endMax loanMax withdrawalLoan cost over 36 months
2020-21 (1)₹1,60,650---
2021-22 (2)₹3,32,706---
2022-23 (3)₹5,16,978₹40,162-₹9,760 (₹1,205 + ₹8,555)
2023-24 (4)₹7,14,333₹83,176-₹20,211 (₹2,495 + ₹17,716)
2024-25 (5)₹9,25,701₹1,29,244-₹31,406 (₹3,877 + ₹27,529)
2025-26 (6)₹11,52,076₹1,78,583-₹43,395 (₹5,357 + ₹38,038)
2026-27 (7)₹13,94,523-₹2,58,489-
2027-28 (8)₹16,54,184-₹3,57,166-
2028-29 (9)₹19,32,281-₹4,62,850-
2029-30 (10)₹22,30,123-₹5,76,038-
2030-31 (11)₹25,49,112-₹6,97,261-
2031-32 (12)₹28,90,749-₹8,27,092-
2032-33 (13)₹32,56,642-₹9,66,140-
2033-34 (14)₹36,48,514-₹11,15,061-
2034-35 (15)₹40,68,208-₹12,74,556-
2035-36 (16)₹45,17,701-₹14,45,374-

Loan cost is the loan interest plus the PPF interest the borrowed amount does not earn while it is out. "est." marks balances worked back from the one you entered. A loan outstanding has to be repaid, with interest, before a withdrawal.

Saved scenarios stay in this browser only. No sign-up.

Max withdrawal in 2026-27

₹2,58,489

Loan 1% a year
What it is:
A year-by-year table of what you can borrow from or withdraw out of a PPF account.
What it calculates:
The balance at the end of each year, the maximum loan and partial withdrawal allowed that year, and the interest cost of the largest loan.

Key Assumptions

  • The same deposit every year, paid by 5 April; real interest is on the lowest balance between the 5th and the end of each month.
  • One rate for every year; the government sets the PPF rate each quarter and it has changed over time.
  • The loan is repaid in one go at the end of the months you choose.
  • The account is active (not discontinued); loans and withdrawals are not allowed on a discontinued account until it is revived.

How does the PPF Withdrawal and Loan Calculator work?

Year 1 is the financial year the account was opened. Each year's deposit is assumed to be in by 5 April, so it earns the full year's interest, and interest is credited on 31 March at 7.1% (the rate for October–December 2026). Past and future years use the rate you enter, so for an older account the figures are an estimate; enter your actual balance to anchor them.

Loan: in financial years 3 to 6, you can borrow up to 25% of the balance at the end of the second year before the year you apply. One loan a year, and a second loan only after the first is repaid.

Loan interest is 1% a year on the principal if it is repaid within 36 months, and 6% a year if it is not. The amount borrowed also stops earning PPF interest while it is out, so the cost column adds that too.

Partial withdrawal: from financial year 7, once a year, up to 50% of the lower of the balance at the end of the fourth year before and at the end of the year before. Any loan outstanding, with interest, has to be paid first.

If you enter a balance you know, years after it are projected from it, and years before it are worked back with the same deposit and rate and marked as estimates.

PPF Withdrawal and Loan Calculator formula

Loan(n) = 25% x B(n - 2), for n = 3 to 6; Withdrawal(n) = 50% x min(B(n - 4), B(n - 1)), for n >= 7; B(n) = (B(n - 1) + D) x (1 + r)

n
= financial year of the account (1 = the opening year)
B(n)
= balance at the end of year n
D
= yearly deposit, made by 5 April
r
= PPF interest rate, as a decimal

Loan cost = L x 1% x m / 12 (or 6% if m is over 36) plus the PPF interest L would have earned, L x r x m / 12, where m is the months until repayment.

PPF Withdrawal and Loan Calculator: worked example

₹1,50,000 a year from 2020-21, at 7.1% every year

Balance at the end of 2020-21 (year 1)
₹1,60,650
Max loan in 2022-23 (25% of year 1)
₹40,162
Cost of that loan over 36 months
₹1,205 interest + ₹8,555 PPF interest given up
Balance at the end of 2022-23 (year 3)
₹5,16,978
Balance at the end of 2025-26 (year 6)
₹11,52,076
Max withdrawal in 2026-27 (50% of the lower)
₹2,58,489
Balance at maturity, end of 2035-36
₹45,17,701

PPF Withdrawal and Loan Calculator: frequently asked questions

When can I take a loan against PPF?
From the start of the third financial year to the end of the sixth, counting the year you opened the account as the first. The limit is 25% of the balance at the end of the second year before the year you apply.
What is the interest on a PPF loan?
1% a year on the principal, payable after the principal is repaid, if you repay within 36 months. If any part is still unpaid after 36 months the rate becomes 6% a year on the amount outstanding. Because the borrowed money is taken out of the account, it also misses the PPF interest, so the real cost is roughly the PPF rate plus 1%.
When can I make a partial withdrawal from PPF?
The scheme allows it after five years from the end of the year the account was opened, which is the 7th financial year counting the opening year as the first. Some bank pages describe the same rule as "after completing five financial years", so confirm the first eligible year with your bank or post office before you apply.
How much can I withdraw from PPF?
Up to 50% of the balance at the end of the fourth year before the year of withdrawal, or at the end of the year before, whichever is lower. Only one withdrawal a year is allowed, and an outstanding loan with interest must be repaid first.
Is it better to borrow or withdraw from PPF?
A withdrawal does not have to be paid back and has no interest charge, but the money never earns PPF interest again. A loan has to be repaid within 36 months but goes back into the account. The two do not overlap: loans are allowed only in years 3 to 6 and withdrawals only from year 7, and the table shows which applies each year.

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Reviewed by Pradipta Ray, MBA (Finance) · Updated