₹2000 PPF Interest Calculation for 15 Years [VIDEO]

ppf interest calculation for 15 years video on 2000 per month

How much interest you can get in PPF on Rs. 2000 per month in PPF (Public Provident Fund)? We will see ₹2000 PPF Interest Calculation for next 15 years in this post.

You can get Rs. 6,31,135 as maturity amount on Rs. 2000 monthly deposits in PPF account after 15 years at 7.1% interest rate consistently. You can make more deposits every month to get more interest amounts and maturity amount.

₹2000 PPF Interest Calculation Video

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PPF Interest Table on ₹2000 Deposits per month

Below is the PPF Interest table on Rs. 2000 deposits per month for 15 years at interest rate of 7.1% consistently throughout the tenure:

YearsTotal DepositsBalanceYearly Interest
1₹ 24,000₹ 24,923₹ 923
2₹ 48,000₹ 51,616₹ 2,693
3₹ 72,000₹ 80,204₹ 4,588
4₹ 96,000₹ 1,10,821₹ 6,617
5₹ 1,20,000₹ 1,43,612₹ 8,791
6₹ 1,44,000₹ 1,78,731₹ 11,119
7₹ 1,68,000₹ 2,16,344₹ 13,613
8₹ 1,92,000₹ 2,56,627₹ 16,283
9₹ 2,16,000₹ 2,99,771₹ 19,144
10₹ 2,40,000₹ 3,45,978₹ 22,207
11₹ 2,64,000₹ 3,95,465₹ 25,487
12₹ 2,88,000₹ 4,48,466₹ 29,001
13₹ 3,12,000₹ 5,05,230₹ 32,764
14₹ 3,36,000₹ 5,66,024₹ 36,794
15₹ 3,60,000₹ 6,31,135₹ 41,111
Rs. 2000 PPF Interest Calculation for 15 Years

PPF Features and Benefits

PPF full form is Public Provident Fund and you can consider it as a safe investment for long tenure of 15 years. Below are some features and benefits of PPF account:

  • PPF is a Government backed saving scheme with a lock in period of 15 years
  • It helps you to save for your long term goals
  • PPF gives you the income tax benefit under Section 80C with Old Tax Regime. You can get maximum deduction of Rs. 1.5 Lakh in a Financial Year to save income tax
  • Since PPF is a government backed saving scheme, the interest amount that gets accumulated in your account is guaranteed
  • Monthly Interest is calculated in PPF account which is compounded annually. Which means the interest you get every month in PPF is added to your PPF account at the end of financial year, which earns you interest in upcoming months
  • You can take loan against your PPF account at interest rate that is 2% more than current interest rate in PPF, after 5 years of opening of PPF account
  • Partial withdrawal is also available in PPF after 5 years of account opening
  • The latest interest rate in PPF is 7.1% for the quarter January to March 2024
  • This interest rate is reviewed every quarter by government of India and is subjected to be updated for any quarter
  • If interest rate is updated for any specific quarter, than it is applied to your current PPF balance to calculate monthly interest

ALSO READ: Top 6 PPF Account Benefits with Excel Calculator

How is interest on PPF calculated?

As mentioned above, PPF interest is calculated on monthly basis and is added to your balance at the end of financial year (31st March).

Let us understand interest calculation with example:

Deposits on or before 5th day of Month

If you make Rs. 2000 deposit in the month of April (before 5th) and your current balance becomes Rs. 2000 after this deposit, below are the steps to calculate April month’s interest:

  • Get monthly interest rate by dividing 7.1% / 12 = 0.5916%
  • Get monthly interest using formula = monthly interest rate * balance / 100 = 0.5916% * Rs. 2000 / 100 = Rs. 11.83
  • So this Rs. 11.83 is the interest for april month on your balance of Rs. 2000
  • Note that interest is calculated on your balance and not of the current month’s deposit

Let’s see another example where deposit is after 5th day of month

Deposits after 5th day of Month

If you make deposit of Rs. 2000 on 10th of May and your current balance becomes Rs. 4000:

  • Since you made deposit after 5th day, balance till 5th day will be considered in this case which is Rs. 2000
  • So for April you already received Rs. 11.83 interest, for may month as well you will receive same Rs. 11.83 as interest since your balance on 5th day of may was Rs. 2000
  • In the month of June you balance of Rs. 4000 will be considered and June month’s interest will be:
    = monthly interest * balance / 100
    = 0.5916% * Rs. 4000 / 100 = Rs. 23.66
  • So deposits made after 5th day of month will start getting interest from next month onwards

You can use PPF Calculator to know how much interest you can get for your deposits in a financial year.

What if I invest 5000 in PPF for 15 years?

For Rs. 5000 monthly investments in PPF for 15 years, you can get approximately Rs. ₹ 15,77,841 at consistent interest rate of 7.1% every quarter.

Below is the table for total maturity amount on your deposits of Rs. 5000 per month, Rs. 12,500 per month and Rs. 1.5 Lakh in April before 5th:

PPF Interest Calculation for 15 Years
PPF Interest Calculation for 15 Years

ALSO READ: Rs. 1000 PPF Interest Calculation for 15 Years

Is PPF better than FD?

PPF and FD (Fixed Deposits) are 2 separate saving schemes for different goals – PPF is used for long term goals and FD can be used for short term goals.

Below are some key points of PPF vs FD:

PPF (Public Provident Fund)FD (Fixed Deposit)
PPF is used for long term goals of at least 15 yearsFD is used for short term goals from 7 days to 5 years
Deposits in PPF provide income tax benefitsOnly 5 year tax saving FD provides income tax benefits
Interest earned in PPF is not taxableInterest earned in FD is taxable
Interest rate is reviewed quarterly and can change over timeInterest rate applied while opening FD will be fixed throughout the FD tenure
You cannot withdraw from PPF account before 5 yearsYou can break FD and liquidate entire amount before maturity period whenever required
Use PPF for long term goals like child education, retirement, etc.Use FD for short terms goals and as emergency funds
PPF vs FD which is Better

Can I withdraw money from PPF in 2 years?

No you cannot withdraw month from PPF account after 2 years of account opening. You can partially withdraw from your PPF account after 5 years of account opening.


We have seen how much interest you can get in PPF account with Rs. 2000 per month deposits for next 15 years at 7.1% interest rate. PPF is a good tax saving scheme that helps you for you loan term goals of at least 15 years.

After 15 years, you can extend PPF account with a block of 5 years with or without deposits.

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