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# IOB PPF Calculator

Total Investment(Yearly)

Interest rate

%

Select Duration

Yrs

15 Yr

30 Yrs

Maturity Amount

Invested Amount

0

Interest (Total)

0

What Is a PPF Calculator?

Public Provident Fund or PPF is among the preferred government-backed tax-saving instruments available to individuals. It allows you to build a corpus over time and save on taxes. Apart from this, the scheme also offers attractive interest rates and loan facilities. However, it comes with a lock-in period of 15 years, and it is ideal for investors to compute returns before committing for so long.

The online IOB PPF calculator empowers you to estimate your PPF maturity amount, total investment, and interest you can earn based on your monthly or yearly contributions. Its user-friendly interface lets you easily input your investment details and obtain accurate calculations to aid your financial planning.

By leveraging the IOB PPF calculator, you gain valuable insights into the benefits of investing in PPF scheme. It also allows you to tailor your investment amount. Leverage the power of the IOB PPF calculator to optimise your savings strategy and build a significant corpus for your future. You can find the online IOB PPF calculator on Angel One and access it anytime for free.

How Does a PPF Calculator Work?

TThe IOB PPF calculator is invaluable for effortlessly calculating the interest you will earn on your PPF deposits. It accurately estimates your returns based on factors such as the 15-year lock-in period, current interest rate (7.1% as of June 2023) and invested amount. This calculator lets you make informed financial decisions by balancing your investment and desired outcomes. By showcasing the power of compounding, the calculator illustrates how your PPF corpus grows over time, highlighting the advantages of long-term investments.

What Is the PPF Formula?

The IOB 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 current interest rate

n is the number of years

How to Use the Online IOB PPF Calculator?

Managing your Public Provident Fund is simple with Angel One's user-friendly IOB PPF calculator. Follow these easy steps to get the most out of this useful tool.

• Visit Angel One to access the PPF calculator
• Enter the required information, such as the investment amount.
• Since the tenure and interest rates are predetermined, you don't need to enter them; instead, the calculator will automatically show the maturity amount and provide a precise estimate of your future wealth.

By changing the inputs, you can experiment with various scenarios.

Suppose you wish to invest Rs. 5,000 monthly (totalling Rs. 60,000 per year) towards a PPF scheme. Currently, the scheme offers an annual interest rate of 7.1%. With an investment timeframe of 15 years, your PPF account would mature to a value of Rs. 16,27,284. Throughout this period, your total contributions would amount to Rs. 9,00,000, while the interest you’ll earn on your investments would reach Rs. 7,27,284.

Benefits of Using a PPF Calculator

With the help of the online IOB PPF calculator, calculating the interest earned and maturity proceeds is easy. Following are some of the benefits of using this calculator:

• Free to use The online IOB PPF calculator is freely accessible to anyone on the internet, making it available to a wide range of users without any cost or restrictions.

• Saves time The IOB PPF calculator offers instant results, eliminating the need for manual calculations and saving valuable time. Providing quick estimations of the maturity value and interest you can earn on a PPF account enables users to make informed investment decisions efficiently.

• Eliminates calculation errors An online IOB PPF calculator accurately estimates the maturity amount of PPF and the interest you can earn.It negates the possibility of human errors.
• Flexibility in planningThe IOB PPF calculator empowers you to explore different investment scenarios and make flexible plans based on your financial goals. Adjusting variables such as the investment amount and tenure allows you to visualise the impact on your returns.
• Transparency and clarityThe online IOB PPF calculator offers transparency by displaying the detailed breakup of your investment, the interest you’ll earn, and the maturity amount. This level of clarity enables you to assess the viability of the investment and make adjustments if needed. You can easily track your progress and stay informed about the growth of your savings.
Eligibility Criteria for Opening a PPF Account

To open a Public Provident Fund account, you must meet the following criteria:

Nationality: PPF accounts are available only to persons with Indian nationality.

Age: Persons 18 years and above are eligible to open a PPF account. However, you can also open an account in the name of a minor child.

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## FAQs

What is the IOB PPF calculator?

The IOB PPF calculator is a digital tool for calculating the maturity amount and the interest you can earn on your PPF investment. By considering variables such as the yearly investment amount, investment duration, and interest rates, the calculator enables you to estimate the future value of your returns from a PPF.

How to use the PPF calculator online?

Access the IOB PPF calculator and enter the yearly investment amount. The PPF calculator will display the maturity value based on the lock-in period and prevailing interest rates.

Is the PPF calculator free to use?

The IOB PPF calculator on the Angel One website is free and can be accessed without charge. You can use the calculator multiple times to calculate the maturity amount and returns on your PPF investment.

Can I have two PPF accounts?

No, under the guidelines established by the government, a person is only permitted to have one PPF account in their name. Opening many PPF accounts is not permitted in the same or different banks.

Is PPF taxable at maturity?

No, a PPF investment's maturity sum and interest income are tax-free. Due to this tax benefit, PPF is a popular long-term investment choice for people looking for tax-efficient savings and wealth creation.

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