Vijaya Bank PPF Calculator

Vijaya Bank, now merged with Bank of Baroda, is one of the renowned nationalized banks in India that provides a plethora of schemes and plans, including Public Provident Fund (PPF) accounts to their customers. PPF or Public Provident Fund is a scheme designed by the Central Government of India for all the citizens of the country, be it an adult or a minor, that is easily available through all the centralized public and private sector banks across India. Vijaya Bank PPF Calculator easies the process of PPF interest return and maturity value calculation based on the tenure of the scheme.

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Vijaya 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

Here is a little detail about the Vijaya Bank PPF scheme for all the citizens, what Vijaya Bank PPF Calculator is, and how does the PPF Calculator work.

What is PPF Scheme and How is the PPF Calculator Beneficial?

One of the safest and most reliable Government backed savings plus investment schemes, the Public Provident Fund can be considered as an ideal investment option for investors who do not want to risk their hard-earned money and want decent returns on their investments after a pre-defined tenure. Some of the top features and benefits that will lure an investor to invest in PPF (Public Provident Fund) are:

  • Mostly all the banks and financial institutions offer a PPF account to all

  • Public Provident Fund is an investment as well as a savings plan completely backed by the Government

  • PPF is a risk-free investment type that offers decent fixed returns to all the classes

  • Currently, as of the financial year 2022-2023, the rate of interest offered under a PPF investment is 7.1% annually

  • PPF comes with a 15-year lock-in period that can be further extended to 5 years at the end of the tenure

  • The annual minimum deposits to be made in a PPF account is Rs. 500

  • The annual maximum deposits to be made in a PPF account is Rs. 1,50,000

  • PPF offers tax benefits under Section 80C of the Income Tax Act, 1961

  • PPF is considered one of the safest investment options for investors which offer decent returns

  • Vijaya Bank PPF Calculator helps in easy and quick calculation of PPF returns

Vijaya Bank PPF Calculator

A PPF (Public Provident Fund) Calculator is a hassle free financial tool specially designed to calculate the maturity returns of the amount invested in the PPF account throughout the tenure of the scheme. Vijaya Bank PPF Calculator saves the precious time of the investor from the complicated and complex manual calculations and provides instant results of the expected maturity value in no time. With minimum details like the investment tenure, contributions to be made throughout the tenure, and prevailing interest rates, an investor can easily calculate the approximate returns on the Public Provident Fund.

It is important to know that as per the Government of India, the PPF account comes with a lock-in period of 15 years. Also, partial withdrawals under the PPF account can be made only after the 7th year of successful payments in the scheme.

Benefits of Using Vijaya Bank PPF Calculator

Following are the benefits of using the Vijaya Bank PPF Calculator:

  • PPF Calculator helps in a clear understanding of how much money needs to be invested to achieve the desired outcome.

  • It predicts the total amount an investor will invest throughout the tenure based on the investments made to date.

  • PPF Calculator calculates the total interest earned at the time of maturity.

  • Predict the approximate amount to be received at the time of maturity.

Vijaya Bank PPF Calculator Formula

The following compounded formula is used for the computation of Vijaya 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 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 Vijaya Bank PPF Calculator:

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


  • 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. The current rate of interest of PPF is 7.1%
  • 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.
  • 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.
  • Are yearly deposits mandatory in the PPF account?

    Ans: Yes. A minimum of Rs. 500 needs to be deposited annually to keep the PPF account active.
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