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# Central 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 Central Bank of India PPF Calculator?

The Public Provident Fund (PPF) is a popular investment scheme in India that offers individuals an opportunity to save and grow their money in a secure and tax-efficient manner. It can be a good choice for individuals who aim to invest their idle funds or create a corpus for the future. However, since a PPF comes with a lock-in of 15 years, potential investors often wish to compute returns on investment to assess whether staying invested for so long will be beneficial. If you are looking to open a PPF account with the Central Bank of India, the Central Bank of India PPF calculator on Angel One can help you get an idea of the prospective returns.

The Central Bank of India PPF calculator simplifies the calculation process by allowing users to input their desired yearly investment amount and pre-populating the prevailing interest rate and the minimum tenure of 15 years.

The calculator instantly and accurately calculates the maturity value and interest income of the PPF account. You can also experiment with different values to determine the best combination for your financial goals.

## How Does the Central Bank of India PPF Calculator Work?

The Central Bank of India PPF calculator provided by Angel One offers a comprehensive assessment of the potential returns one can expect from their PPF account. The calculator determines the interest and maturity amounts with inputs such as the yearly investment amount, interest rate, and tenure.

To add to the convenience, the online Central Bank of India PPF calculator already includes the interest rate and tenure, simplifying the process for users. It is important to note that although the PPF matures after a term of 15 years, there is an option to extend it. Interest rates are also reset by the government every quarter.

## What Is the Central Bank of India PPF Formula?

The Central Bank of India PPF calculator formula is given below.

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 Central Bank of India PPF Calculator Online?

Visit the Central Bank of India PPF calculator on Angel One. Then follow the below-mentioned steps:

• Enter the amount you wish to invest annually in the designated field.
• You don’t have to manually enter the duration and interest rate since these are pre-determined, except when your tenure exceeds 15 years.

Once done, the online Central Bank of India PPF calculator will quickly process your input and produce an estimate of the maturity amount and interest you can receive on your investment. Let’s look at an example to understand it better. Suppose you want to invest Rs. 48,000 annually in a PPF account. The current interest rate set by the government is 7.1% per annum, and the minimum investment period is 15 years. Therefore, the maturity value of the PPF after 15 years will be Rs. 13,01,827. Your total investment amount will be Rs. 7,20,000, while your interest will be Rs. 5,81,827.

## Benefits of Using the Central Bank of India PPF Calculator

• Accurate and convenient calculations: With the online Central Bank of India PPF calculator, you can quickly and accurately calculate the return on your PPF investments. This user-friendly tool eliminates the need for manual calculations and saves you time and hassle.

• Enhanced financial planning: The online Central Bank of India PPF enables you to explore various scenarios by adjusting parameters. This lets you make optimal financial decisions based on your goals and requirements. You can evaluate the impact of different investment strategies and find the most suitable approach for your long-term financial needs.

• User-friendly interface: Angel One online Central Bank of India PPF calculator offers a user-friendly interface, making it accessible and intuitive for all users

• Free to use: The Central Bank of India PPF can be accessed on the Angel One website without charges.
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## FAQs

### What is the Central Bank of India PPF calculator?

The online Central Bank of India PPF calculator is a tool that estimates the potential returns on your investments in the Central Bank of India PPF account. It helps you calculate the maturity amount, interest earned, and the total investment made over a specific period.

### How to use the Central Bank of India PPF calculator online?

You can access the Central Bank of India PPF calculator online on Angel One. Enter the yearly investment amount. Duration (15 years) and interest rates (7.1%) are pre-determined, so you don’t have to enter them manually. The PPF calculator will instantly generate the maturity value and total interest earned.

### Is the Central Bank of India PPF calculator free to use?

Yes, the Central Bank of India PPF calculator on Angel One doesn’t require you to pay anything.

### What is the tenure of PPF?

PPF accounts have an extended maturity of 15 years. Beyond that, individuals have the option to renew in 5-year increments, provided they make this decision within a year of the account maturity date.

### What is the PPF interest rate?

The interest rate for the current quarter is set at 7.1%, according to the Ministry of Finance. The Angel One Central Bank of India PPF calculator automatically fills in the interest rate based on the latest update.

### Can I have two PPF accounts?

No, you can’t have two PPF accounts. The PPF scheme restricts individuals to maintain only one PPF account in their name. However, you can open one for a minor child.

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