Bank Of Maharashtra PPF Calculator

A Public Provident Fund (PPF) is a government-backed investment scheme in India that offers attractive interest rates, tax benefits, and opportunities for long-term wealth accumulation. It has gained immense popularity due to its low-risk nature and the guarantee of preserving the principal amount. You can invest a minimum of Rs. 500 and a maximum of Rs. 1.5 lakh annually, with a lock-in period of 15 years.

However, to understand if it is a good idea to invest in PPF, you must calculate the returns beforehand. A PPF calculator can help you do so.

When opting to open a PPF account with the Bank of Maharashtra, you can calculate your PPF returns using the Angel One Bank of Maharashtra PPF calculator. This will enable you to determine whether it is a viable investment option for you. You can also ascertain the right investment amount based on your financial goals and budget.

The calculator takes into account the amount invested annually, the prevailing interest rate, and the investment duration (minimum 15 years) to provide an accurate projection of returns.

Listed below are the steps you must follow to use the Angel One Bank of Maharashtra PPF calculator:

• Visit Angel One and navigate to the online Bank of Maharashtra PPF calculator
• Enter your annual investment amount. Remember, it cannot exceed Rs. 1,50,000 per year
• You can’t change the PPF interest rate since it’s fixed so you cannot modify the field
• Moreover, PPF matures after the completion of 15 years. Partial withdrawal is allowed only after the completion of 7 years

Once you enter the required variables, the Bank of Maharashtra PPF calculator will instantly display your investment's maturity amount and the interest you will earn.

Here’s an example to help you understand the calculation better. Suppose you want to invest Rs. 12,000 yearly in a PPF. Considering the duration as 15 years, and the interest rate is 7.1% p.a, the maturity value of your investment will be Rs. 3,25,457. The total interest will amount to Rs. 1,45,457.

• Accurate and instant calculations: With the Bank of Maharashtra PPF calculator, you can quickly calculate the potential returns on your PPF investment. By entering the desired deposit amount and tenure, the calculator generates accurate projections, allowing you to assess the growth of your savings over time.


• Time-saving and convenience: The Bank of Maharashtra PPF calculator can save you the time and effort you would otherwise spend calculating the returns manually. You can access this tool anytime, anywhere. This convenience lets you plan your investments at your own pace without the hassle of visiting a bank branch.


• Flexibility in investment planning: The online Bank of Maharashtra PPF calculator allows you to explore different scenarios and investment options. You can assess the impact of varying deposit amounts and durations on your savings. This flexibility lets you customise your investment strategy according to your financial preferences.


• Free to use: The Bank of Maharashtra PPF calculator on Angel One is free to use.