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# Vijaya Bank 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 Vijaya Bank PPF Calculator?

The Vijaya Bank PPF calculator is a powerful tool designed to assist you in making informed decisions about your PPF investments with Vijaya Bank. Using this calculator, you can effortlessly compute the potential returns and maturity values associated with your PPF investments.

The online Vijaya Bank PPF calculator on Angel One is a robust tool that prepopulates the prevailing interest rate and the minimum tenure (15 years) of PPF investments. It uses the principal entered by you to estimate your PPF maturity amount, total investment, and interest you can earn.

Its user-friendly interface lets you easily input your investment details and obtain accurate calculations to aid your financial planning.

You can use this comprehensive tool to optimise your savings strategy and build a substantial corpus for the future. Whether you are mobilising your idle funds or setting aside a portion of your income, the Vijaya Bank PPF calculator will guide you to determine whether a PPF investment suits your financial goals.

## How Does a Vijaya Bank PPF Calculator Work?

The Vijaya Bank PPF calculator is a financial tool that instantly calculates the interest you can earn on your PPF deposits and the maturity amount. The calculator accurately estimates your returns based on the tenure (15 years), prevailing interest rate, the invested amount, and the investment frequency. It helps you balance your investment and desired outcomes, enabling you to make informed financial decisions. The calculator showcases how your PPF corpus grows over time, emphasising the benefits of long-term investments and the power of compounding.

## What Is the Vijaya Bank PPF Calculator Formula?

The Vijaya Bank PPF calculator formula is 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 Vijaya Bank PPF Calculator Online?

With Angel One's user-friendly Vijaya Bank PPF calculator, making a decision about investing in a Public Provident Fund becomes a breeze. Follow these simple steps to make the most of this convenient tool.

• Step 1: Access Angel One's online Vijaya Bank PPF calculator.
• Step 2: Enter the necessary details, such as the investment amount.
• Step 3: Since these are pre-determined, you don't have to enter the tenure and interest rate.
• Step 4: The calculator will automatically calculate the maturity amount, giving you a clear projection of your future wealth.The calculator will automatically calculate the maturity amount, giving you a clear projection of your future wealth.
• Step 5: Experiment with different scenarios by adjusting the inputs and observing how the projected returns vary to understand what works best for you.

Using Angel One's Vijaya Bank PPF calculator is a great way to make financial decisions and plan for the future.

Consider a scenario where you invest Rs. 5,000 monthly (totalling Rs. 60,000 per year) towards a PPF scheme. Consider that the current annual interest rate is 7.1%. With an investment timeframe of 15 years, your PPF account would mature to a value of Rs. 16,27,257. Throughout this period, your total contributions would amount to Rs. 8,99,985, while the interest earned on your investments would reach Rs. 7,27,272.

## Benefits of using Vijaya Bank PPF Calculator

The following benefits prove why using the online Vijaya Bank PPF calculator on Angel One is a good idea:

• Accurate and instant results: The Vijaya Bank PPF calculator on Angel One provides accurate and instant calculations of your potential returns. You no longer need to trouble yourself with long and tedious calculations because the calculator lets you get a clear picture of the expected returns by entering the relevant details.

• Flexibility in planning: The online Vijaya Bank PPF calculator empowers you to explore different investment scenarios and choose one based on your financial goals and means. Adjusting variables such as the investment amount lets you visualise how it will affect your returns.

• Comprehensive understanding: Investing in the PPF scheme requires a thorough understanding of how it works. The Vijaya Bank PPF calculator acts as an educational tool, providing insights into your investment's growth over time. By seeing how your money compounds and accumulates, you can understand the long-term benefits of the PPF scheme and make informed decisions about your financial future.

• Transparency and clarity: The online Vijaya Bank PPF calculator offers transparency by displaying the detailed breakup of your investment, interest earned, and 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.
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## FAQs

### What is the Vijaya Bank PPF calculator?

The Vijaya Bank PPF calculator helps you estimate the potential returns on your PPF investment. It allows you to calculate the maturity amount, the interest you can earn, and the growth of your PPF account over the tenure.

### How to use the Vijaya Bank PPF calculator online?

Access the online Vijaya Bank PPF calculator via Angel One and enter the yearly investment amount. The PPF calculator will display the maturity value based on the 15-year lock-in period and prevailing interest rates.

### Is the PPF calculator free to use?

Yes, you can use the Vijaya Bank PPF calculator for free on Angel One.

### Can I have two PPF accounts?

No, as per the rules set by the Indian government, an individual is allowed to have only one PPF account in their name. The intention behind this rule is to encourage long-term savings and ensure that the benefits of the PPF scheme are available to a broader population. You can, however, open an account for a minor child.

### Is PPF taxable at maturity?

No, the maturity amount and interest earned on a PPF investment are exempt from tax. This tax benefit is one of the primary advantages of PPF and makes it a popular long-term investment option among individuals seeking tax-efficient savings and wealth accumulation.

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