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Bank of India PPF Calculator

Total Investment(Yearly)

Interest rate

%

Select Duration

Yrs

15 Yr

30 Yrs

Maturity Amount

0

Invested Amount

Interest (Total)

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What Is the Bank of India Bank PPF Calculator?

PPF, or Public Provident Fund, is a popular long-term investment scheme in India. It is a government-backed savings instrument that offers attractive interest rates and tax benefits. PPF is open to all resident individuals and provides a secure and stable investment avenue. Investors can open a PPF account with a designated bank, post office, or authorised financial institution. A Bank of India PPF calculator is a tool that helps you calculate the potential returns on your Public Provident Fund (PPF) investment. The calculator takes into account the amount you invest each year, the interest rate, and the duration of your investment.

How Does the Online Bank of India Bank PPF Calculator Work?

The Bank of India PPF calculator on Angel One is a simple tool. To use the calculator, you will need to provide the following information:

  • Your yearly investment amount
  • The time period of your PPF investment

Once you have entered this information, the calculator will automatically calculate the total investment amount, total interest and maturity value at the end of the investment period.

What Is the Bank of India Bank PPF Calculator Formula?

The Bank of India PPF calculator formula for maturity value calculation is as follows:

  • F = P [({(1+i) ^n} -1) /i]
  • Where,
  • F is the maturity value of the PPF
  • P is the annual instalments
  • i is the interest rate
  • n is the number of years

How To Use the Bank of India Bank PPF Calculator Online?

Here are the steps on how to use the Bank of India PPF calculator on Angel One:

  • Step 1: Go to Angel One’s official website and click on the "Calculators" tab.
  • Step 2: Select the "Bank of India PPF Calculator" from the list of calculators.
  • Step 3: Enter the following information:
    • • Your yearly investment amount
    • • The time period of your PPF investment
    The calculator will automatically display the following information:
    • • Total investment amount
    • • Total interest
    • • Maturity value

The Online Bank of India PPF calculator is a useful tool that can help you plan your PPF investments. By using the calculator, you can get an idea of how much money you will have saved at the end of your investment period. This information can help you make informed decisions about your financial goals.

Benefits of using Online Bank of India Bank PPF Calculator

Using an online PPF calculator offered by banks or financial institutions in India can provide several benefits for individuals considering PPF investments. Here are some advantages of using an Online Bank of India PPF calculator:

  • Quick and convenient: Online Bank of India PPF calculators are easily accessible from the comfort of your home or office. They eliminate the need for manual calculations, saving time and effort. With just a few inputs, you can obtain instant results, including interest earned, maturity amount, and annual contributions.

  • Accuracy and reliability: PPF calculations involve complex formulas and compounding interest calculations. Using an online Bank of India PPF calculator ensures accurate and reliable results, minimising the risk of errors that could occur with manual calculations. This helps individuals make informed decisions about their PPF investments.

  • Scenario planning: Online PPF calculators often provide flexibility in scenario planning. Users can experiment with different investment amounts, tenures, and interest rates to understand the impact on returns.

  • Real-time updates: PPF interest rates are subject to change periodically. Online PPF calculators usually incorporate the latest interest rates and automatically update the calculations accordingly. This ensures that users have access to up-to-date information, helping them stay informed about their investment's growth potential.

  • Educational tool: Online PPF calculators often provide a user-friendly interface that simplifies the understanding of PPF investments. They can serve as educational tools, helping individuals comprehend the nuances of PPF calculations and the impact of factors such as interest rates, contribution amounts, and tenures.

  • While online PPF calculators offer numerous benefits, it's essential to note that the results obtained from these calculators are estimates and should be used only for informational purposes. It is always essential to consult with a financial advisor or refer to official guidelines while making any investment decisions.

FAQs

What is the BOI PPF calculator?

The BOI PPF calculator is an online tool that helps you to calculate the maturity amount of your Public Provident Fund (PPF) account with the Bank of India.

How to use the BOI PPF calculator online?

To use the BOI PPF calculator, you will need to enter the following details:
  • Your annual investment amount
  • The number of years you want to invest
The calculator will then calculate your maturity amount, taking into account the current PPF interest rate.

Is the BOI PPF calculator free to use?

Yes, the BOI PPF calculator is free to use and can be accessed from Angel One’s website.

What is the tenure of BOI PPF?

The tenure of a BOI PPF account is 15 years. However, you can extend the account for another 5 years, up to a maximum of 20 years.

What is the BOI PPF interest rate?

The PPF interest rate is revised quarterly by the Ministry of Finance. This is compounded annually, which means that your interest earnings will also earn interest.

Enjoy Zero Brokerage on
Equity Delivery

Enjoy Zero Brokerage on Equity Delivery

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