Indian Bank PPF Calculator

Indian Bank PPF Account offers Indian citizens to make contributions under its Public Provident Fund scheme. This scheme is a type of low-risk long term investment and provides tax-saving benefits. Furthermore, one can make use of the PPF calculator of Indian Bank to calculate the returns on their PPF account. This Scheme is operational in all branches of Indian Bank with a lock-in period of 15 years.

What is a PPF Scheme and How it Provides Returns?

The PPF account or Public Provident Fund scheme is one of the most popular long-term investment methods, owing to its benefits of safety, returns and tax savings. The reason behind its popularity is the government of India that guarantees your investments in the fund. The interest rate is also reviewed by the government every quarter. The lock-in period of this scheme is 15 years and one can invest a minimum of Rs. 500 and a maximum of Rs. 1,50,000 in a financial year. With the help of Indian Bank PPF Calculator, it becomes very easy to calculate the returns that you will earn on your PPF investment.

How is Interest on PPF calculated?

The Indian Bank PPF interest is calculated on a monthly basis based on the pre-determined rate of interest decided by the government. However, the interest accumulated s credited to the account at the end of the financial year.

PPF Maturity Calculation

The PPF returns are calculated with the help of following formula:

F = P [({(1+i) ^n}-1)/i]

This formula represents the following variables –

• F – Maturity of PPF
• P – Annual instalments
• i – Rate of interest
• n – Total number of years

How to Calculate the Maturity Value of your Indian Bank PPF Account?

Calculating the maturity value using this calculator is super easy quick! All you have to do is provide some basic details pertaining to your PPF scheme:

• Enter the yearly investment amount or adjust the slider to set the amount
• Choose the time period of the PPF investment.
• Once all the above details are provided, the PPF calculator of Indian Bank will calculate the total investment amount, total interest and the maturity value at the end of the investment period.

Benefits of Using PPF Calculator

• The Indian Bank PPF calculator provides you with an estimate of the interest you will earn and the cumulative maturity value for the principal value invested and investment period.
• This estimation of the returns earned at the end of the investment period helps you know whether the investment option chosen aligns with your financial goal or not.
• Easy to use; saves a lot of time by providing quick results