Canara Bank PPF Calculator

Canara Bank is amongst the top nationalized Indian banks that offer a plethora of schemes and policies to their customers with easy and hassle-free ways of investing in them. Public Provident Fund is one such Government-backed scheme provided by Canara bank to their customers. The Canara Bank PPF Calculator helps in the easy computation of returns the account holder will receive after the completion of scheme tenure.

Read more
Save Tax
Upto ₹46,800 Under Sec 80C
Best Tax Saving Plans
  • High Returns

    Get Returns as high as 17%*
  • Zero Capital Gains tax

    unlike 10% in Mutual Funds
  • Save upto Rs 46,800

    in Tax under section 80 C

*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply

Get Instant Tax Receipts
Save upto ₹46,800 in Taxes Under Section 80C
View Plans
Please wait. We Are Processing..
Plans available only for people of Indian origin By clicking on "View Plans" you agree to our Privacy Policy and Terms of use #For a 55 year on investment of 20Lacs #Discount offered by insurance company Tax benefit is subject to changes in tax laws
Get Updates on WhatsApp
We are rated
58.9 million
Registered Consumers
26.4 million
Canara Bank PPF Calculator
  • Monthly
  • Yearly

Monthly Investment

₹500 ₹12.5K
Enter Monthly Investment

PPF Rate of Interest (Yearly)

Rate of Interest (Yearly)

Time Period

15 Years 50 Years
Enter Time Period
Total Investment
Interest Earned
Maturity Amount

Let us know in detail about what is PPF, the Canara bank PPF scheme, what Canara bank PPF Calculator is, and how does it work.

What is PPF and Why is it Popular?

PPF or Public Provident Fund is a long term investment plus savings scheme considered as one of the top investment options for investors planning risk free or low risk investments. PPF scheme was launched in the year 1968 by the National Saving Institute of the Ministry of Finance that is under the Central Government of India. The objective of this scheme is to create a financial corpus, offer capital gains, and also provide tax benefits to the investors after the completion of the 15-year tenure of the scheme. The Canara Bank PPF Calculator rescues the investor’s life from complicated complex manual calculations and calculates the returns expected at the time of maturity within seconds.

The PPF interest rate is revised every quarter and applies to all public and private banks. The current Public Provident Fund Interest Rate is 7.1% annually. With benefits like Tax Return, loan facility, partial withdrawals, risk-free guaranteed returns, etc. investing in PPF is extremely safe and highly recommended for low-risk taking investors.

PPF is one of the popular investment options in India. The following features make Public Provident Funds account popular amongst the public:

  • It is a savings plus investment option available for all

  • It does not involve high-risk and hence can be purchased by all the classes

  • A safe investment option as it is completely government-backed

  • Offers tax saving benefits under Section 80C of the Income Tax Act, 1961

  • PPF has a 15-year lock-in period that helps investors save for the long term

  • A minimum of Rs. 500 can be deposited annually in the Canara PPF account

  • A maximum of Rs. 1,50,000 can be deposited in the PPF account in a financial year

  • Canara PPF Calculator calculates the maturity amount within a fraction of seconds

Canara PPF Calculator

Canara Bank PPF Calculator is a simple online financial tool that easily computes PPF maturity value saving the investor’s precious time from complicated complex manual calculations and calculates the expected returns at the time of maturity within seconds. Canara Bank PPF Calculator calculates the returns taking into consideration the investment tenure, contributions made, and the prevailing interest rates of the Public Provident Fund scheme.

The Public Provident Fund scheme, as per the Governments’ rule comes with a lock-in period of 15 years. It is important to know that partial withdrawals are allowed only after the 7th year of the PPF scheme.

Benefits of Using Canara Bank PPF Calculator

The Canara Bank PPF Calculator is beneficial to the investors in the following ways:

  • Gives you a clear understanding of how much should be invested to achieve the desired outcome.

  • Calculates and predicts the total amount an investor will invest till the end of the tenure based on current investments made.

  • Calculates the total interest earned at the time of maturity.

  • Total amount to be received at the time of maturity.

How to Use PPF Calculator?

PPF Calculator is a simple financial tool available online that computes maturity returns with just a few basic details related to the scheme. Following are the steps to use the Canara Bank PPF Calculator:

  • Drag the slider to the monthly invested amount under the Canara Bank PPF scheme

  • Next, the prevailing PPF interest rate will be auto-filled in the column

  • Drag the next slider to the number of years PPF investment is to be made

  • The PPF Calculator will compute the total investment amount, interest earned till date, and maturity amount at the end of the tenure in a fraction of seconds

Canara Bank PPF Calculator Formula

The following compounded formula is used for the computation of Canara Bank PPF maturity value:

F = P [({(1+ i) ^ n} – 1) / i]

The elaboration:

F = Maturity value of the Public Provident Fund

P = The annual installments made throughout the tenure

i = Rate of Interest

n = Total number of years


  • How is the PPF interest rate calculated?

    Ans: The Government of India revises the PPF interest rates every quarter. It is important to know that the PPF interest is calculated monthly but compounded and credited to the account of the investor annually, that us, 31st March.
  • Can I withdraw PPF before 5 years?

    Ans: No. Partial withdrawals can be made only after the 7th year of the Public Provident Fund that is subject to certain conditions.
  • How much returns are provided on PPF after 15 years?

    Ans: The principal amount invested in the PPF scheme plus the interest earned on the invested amount is the main factors taken into consideration to compute the returns after the period of 15 years.
  • What are the minimum and maximum limits of investment in the PPF account?

    Ans: The minimum amount an investor needs to add annually in their PPF account is Rs. 500 whereas the maximum amount that can be invested in a year is Rs. 1,50,000.
  • Are there any tax benefits while making investments in PPF?

    Ans: Yes, the PPF account allows the investor to claim tax benefits up to Rs. 1,50,000 annually under Section 80C of the Income Tax Act, 1961.
Maximise your
Tax Savings!
  • Tax savings under Sec 80c
  • Get Instant Tax receipt
  • Tax free returns upto 18%
View plans
Standard T & C Apply*
Double tax benefit
Save Tax Under Section 80C
Save Tax Under Section 80C

Income Tax articles

Recent Articles
Popular Articles
HRA Exemption

19 Jan 2023

HRA refers to House Rent Allowances, which an employer provides
Read more
15 Best Tax Saving Schemes in India

19 Jan 2023

It is essential to save tax to plan an investment scheme
Read more
How to Make SIP Investment Under 80C?

02 Dec 2022

A systematic Investment Plan (SIP) is an investment tool that
Read more
Income Tax Above 10 Lakh

10 Jun 2022

Every year on the 1st of February, the Government of India
Read more
Investment Declaration with Form 12BB

08 Jun 2022

Tax planning is vital for salaried individuals to streamline
Read more
Tax Saving Investments
Tax Saving Investments Tax Saving Investments are an integral part of one’s life as they offer tax deductions
Read more
Income Tax Above 5 Lakh
Income tax is the tax levied on the income earned by an individual through any source and hence is taxable in the
Read more
Income Tax Above 15 Lakh
Annual income tax payment is a big concern for individuals, especially the salaried class, who commence tax
Read more
Income Tax Above 10 Lakh
Every year on the 1st of February, the Government of India announces the Union Budget, wherein the income tax slab
Read more
Gratuity Eligibility Before and After Completion of 5 Years
An employee is a person who is hired by an organization to work in a specific field that they have expertise in
Read more

Download the Policybazaar app
to manage all your insurance needs.