Indian Bank PPF Calculator

Indian Bank offers its customers the Public Provident Fund (PPF) scheme, a popular long-term investment option known for its safety, tax benefits, and stable returns. To help investors estimate their potential earnings, Indian Bank provides a convenient PPF Calculator.

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9.7 Crore

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What is a PPF Scheme and How it Provides Returns?

The PPF scheme is a government-backed investment option where you deposit a fixed amount annually. The government guarantees your investments, and the interest rate is reviewed quarterly.

Key Features:

Long-term Investment: 15-year lock-in period.
Tax Benefits:
- Deduction under Section 80C of the Income Tax Act.
- Tax-free interest and maturity amount.
Investment Limits: Minimum ₹500 and maximum ₹1.5 lakh per year.

How is Interest on PPF Calculated?

Interest is calculated monthly on the account balance.
The government determines the interest rate quarterly.
Accumulated interest is credited to the account annually.

Indian Bank PPF Calculator

Monthly
Yearly

Monthly Investment

₹500 ₹12.5K

Enter Monthly Investment

PPF Rate of Interest (Yearly)

Rate of Interest (Yearly)

Time Period

15 Years 50 Years

Enter Time Period

Total Investment

Interest Earned

Maturity Amount

PPF Maturity Calculation

The maturity value of a PPF account can be calculated using the following formula:

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

Access the Calculator: Locate the PPF Calculator on the official Indian Bank website or mobile app.
Input Details:
- Enter the annual investment amount.
- Select the investment tenure.
Calculate: The calculator will automatically determine:
- Total investment amount.
- Total interest earned.
- Maturity value at the end of the investment period.

Benefits of Using the Indian Bank PPF Calculator

Easy Estimation: Quickly estimate potential returns without manual calculations.
Financial Planning: Assess if PPF aligns with your financial goals and retirement planning.
Informed Decisions: Understand the impact of different investment amounts and tenures.

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FAQs

What returns can I expect from a PPF account after 15 years?

The maturity amount after 15 years depends on the principal amount you invest and the interest earned on it over the tenure.
What is the current interest rate for the PPF scheme?

The Government of India reviews and updates the interest rate for PPF quarterly. Currently, it stands at 7.1% per annum.
Can I avail of a loan against my PPF account? If yes, how?

Yes, PPF account holders can avail of a loan against their deposits. This facility is available from the third financial year of the account and can be availed until the end of the sixth financial year.

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*All savings are provided by the insurer as per the IRDAI approved insurance plan.
^The tax benefits under Section 80C allow a deduction of up to ₹1.5 lakhs from the taxable income per year and 10(10D) tax benefits are for investments made up to ₹2.5 Lakhs/ year for policies bought after 1 Feb 2021. Tax benefits and savings are subject to changes in tax laws.
¶Long-term capital gains (LTCG) tax (12.5%) is exempted on annual premiums up to 2.5 lacs.
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