What happens if I deposit more than ₹1.5 Lakhs in a PPF account?

PPF Calculator 2026 - Tax-Free Maturity & Interest Calculation | myfinedu.com

Investment

Verified Indian financial mathematics, statutory regulations, and step-by-step actionable breakdowns.

Tags:#PPF#Tax-Free EEE#Sovereign Guarantee#Fixed Income

Government guaranteed 7.1% EEE tax-free returns

Annual Deposit (Max ₹1.5L / FY)₹1,50,000

Official Interest Rate7.1% p.a. (Annual Compounding)

Notified by Government of India quarterly.

Tenure15 Years

Total Invested

₹22,50,000

Tax-Free Interest

₹18,18,209

Maturity Corpus

₹40,68,209

PPF interest is compounded annually and calculated on the minimum balance maintained between the 5th day and the end of each calendar month.

A = P × (1 + r)^n (iterated annually over n years)

Zero credit risk backed by statutory sovereign guarantee

100% tax-free maturity and annual interest under Section 10(11)

Can be extended indefinitely in 5-year blocks

Any amount deposited beyond ₹1.5 Lakhs in a single financial year will not earn any interest and will not qualify for Section 80C deductions.

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