PNB Bank PPF Calculator

Public Provident Fund is a scheme launched by the Central Government of India provided to all the adults and minors, made easily available through centralized private and public sector banks in the country. (PNB) Punjab Nation Bank PPF (Public Provident Fund) is an investment scheme that offers decent returns to investors after a 5 year lock-in period that helps in building a financial corpus even after retirement. PNB PPF Calculator helps in calculating the PPF interest returns and maturity value after the completion of the tenure.

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PNB 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

What is PPF?

Public Provident Fund is considered as a long term investment plus saving scheme and considered one of the best investment options for investors planning to make 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 purpose behind this long term investment option is the offer capital gains to investors with additional tax benefits at the end of a 15-year tenure. PPF Calculator of Punjab National Bank makes it very easy for the investor to calculate returns expected at the time of maturity.

Public Provident Fund allows the investors to achieve financial goals and build a substantial corpus by offering guaranteed returns with minimal risk involved. 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.

Why is PPF Popular Amongst Investors?

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 PNB PPF account

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

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

PNB PPF Calculator

PNB Public Provident Fund Calculator is a simple and easy-to-use online financial tool that helps in the computation of PPF maturity value within seconds without any complicated manual calculations being involved. The returns are calculated on the PPF Calculator keeping in mind the contributions made by the investor throughout the tenure, the prevailing interest rate, and the tenure of the PNB PPF scheme. As per the Government rules, the Public Provident Fund scheme 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 PNB PPF Calculator

The PNB 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?

This simple online financial tool computes maturity returns with just a few basic details related to the scheme. Follow the below mentioned easy steps to compute the desired results:

  • Drag the slider to the monthly invested amount under the PNB 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

PNB Public Provident Fund Calculator Formula

The following compounded formula is used for the computation of PNB 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

Advantages of PNB PPF Calculator

Some of the advantages of using a PNB PPF Calculator are:

  • Hassle-free results in comparison to manual calculations.

  • Safest investment option for low risk-taking investors.

  • Accurate results with minimum basic details.

  • Guides how much investment should be made to achieve a desirable maturity amount.

FAQ's

  • How to open a PPF Account?

    Ans: PPF Account is easily available at all the centralized private and public sector banks in India.
  • What if I miss an installment in PPF?

    Ans: If no deposits are made in a complete financial year, the account will be considered inactive. However, paying a penalty of Rs. 50 can re-active your PPF account.
  • 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.
  • How many contributions can be made to my PNB PPF Account in a year?

    Ans: A maximum of 12 contributions can be made in a year and the amount shall not increase Rs. 1.5 lakhs.
  • 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.
  • 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.
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