₹1.5 lakh, fifteen years, a rate that moves
PPF deposit band ₹500–₹1.5 lakh per FY. Default tenor 15 years. Interest is notified, not a bank FD brochure. This sketch compounds the annual deposit once a year; the real account looks at monthly lowest balance after the 5th.
Worked example: ₹1.5 lakh every year, 15 years, 7.1%
Deposit ₹22.5 lakh. Ending corpus is higher by compounded interest. If you deposit on the 6th every month in real life, you will undershoot this sketch. Deposit on the 1st if you care.
Questions
Are my numbers uploaded?
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Can I share the inputs?
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Is this a filing?
No. Print the worksheet. Argue with payroll or a CA. Do not paste this into an ITR as authority.
Is 7.1% fixed?
No. Small-savings rates are notified. Type what DEA published for the quarter.
Extension after 15?
Type more years if you extend. Rules for partial withdrawal are not this FV.