NPS vs PPF Calculator

Neither is universally better. NPS is a market-linked retirement account with regulated exit conditions. PPF is a government-backed small-savings account with a notified interest rate, a 15-year term and different access rules. Compare risk, contribution limits, liquidity, tax treatment and the income route you need instead of choosing only by the projected corpus.

It applies the same monthly contribution and annual increase to both projections. Once the contribution reaches ₹12,500 per month, both sides are capped so annual deposits remain within the PPF limit of ₹1.5 lakh. Opening NPS and PPF balances are entered separately.

No. The calculator uses 7.1% as an editable constant assumption based on the current notified rate. The Government reviews small-savings rates periodically, so the rate credited in future periods may be different. The result is a scenario, not an official maturity quotation.

The PPF Scheme permits deposits from ₹500 up to ₹1.5 lakh in a financial year. The maximum includes deposits in an individual’s own account and an account opened on behalf of a minor. This calculator therefore limits the shared comparison contribution to ₹1.5 lakh a year.

PPF reaches maturity after 15 years from the end of the financial year in which the account was opened. The scheme permits continuation without further deposits or extension with deposits in blocks of five years, subject to the required option and timing. Projections beyond 15 years assume valid extensions with contributions.

It assumes each monthly deposit clears on or before the fifth, calculates interest monthly on the eligible balance and adds that interest to the account at the end of each projection year. It holds the selected annual rate constant and does not model financial-year alignment, rate changes, loans, withdrawals or penalties.

Eligibility for a contribution deduction depends on the tax regime, contribution route and law applying to the relevant tax year. PPF interest and eligible withdrawals have different treatment from NPS exit payments and annuity income. The corpus projections do not estimate personal tax saved; use the NPS tax calculator and current official tax rules for your circumstances.

Both have conditions. NPS has regulated partial-withdrawal and premature-exit paths. PPF permits loans, partial withdrawals and premature closure only under the scheme’s timing and eligibility rules, and premature closure can reduce the interest credited. This calculator does not model any of those transactions.