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PPF interest rate

The PPF interest rate is 7.1% for October to December 2026. What it earns on your money, when the rate is next revised, and the full rate history.

October to December 2026Best for: Long-term, tax-free savingChecked 21 October 2026
Current rate7.1%a year · compounded yearly, tax-free
In effect since1 April 2020Previous 7.9% · −0.8%
₹1.5 lakh a year for 15 years₹40,68,209grows to this at 7.1%, all of it tax-free

Rate history

Every change since 1 July 2019. Ministry of Finance, every quarter.

In effect fromRateChange
1 April 2020Current7.1%−0.8%
1 July 20197.9%–
The rates for January to March 2027 are due to be announced by 31 December 2026.

Key facts

Who can open
Any resident Indian, one account each
Deposit
₹500 to ₹1,50,000 a year
Lock-in
15 years, extendable in 5-year blocks
Withdrawals
Partial withdrawals from the seventh year
Tax
Interest and maturity tax-free; deposits deductible in the old regime

Run your numbers

Other rates

All interest rates →

About the PPF rate

How the rate is set

The Ministry of Finance reviews small savings rates every quarter, broadly in line with government bond yields of similar maturity, and announces them just before each quarter begins.

Rate: 7.1% a year, compounded yearly, tax-free.

Open the PPF calculatorPPF maturity over 15 years and extensions. Uses the current rate by default.Open the calculator

Frequently asked questions

What is the current PPF interest rate?

7.1% (October to December 2026). It has applied since 1 April 2020.

When will the PPF rate change next?

The rates for January to March 2027 are due to be announced by 31 December 2026.

What was the previous PPF rate?

7.9%, from 1 July 2019 until 1 April 2020.

Does a rate change apply to my existing PPF?

Yes. The new rate applies to your whole balance from the date it takes effect.

Sources