Bank of Baroda PPF Calculator – Calculate Public Provident Fund Returns
The Bank of Baroda PPF Calculator is a user-friendly online tool that helps investors estimate the maturity amount and interest they can earn from a Public Provident Fund (PPF) account with BOB. Ideal for long-term, tax-free savings, the PPF scheme through Bank of Baroda provides secure investment opportunities with consistent returns backed by the government.
About Bank of Baroda PPF Account
BOB offers the PPF scheme with a 15-year tenure, extendable in blocks of 5 years. It allows flexible yearly contributions between ₹500 and ₹1.5 lakh, and the interest is compounded annually. With complete tax exemptions and guaranteed returns, PPF is a preferred option for conservative investors planning for retirement or long-term goals.
How the BOB PPF Calculator Works
Using the Bank of Baroda PPF Calculator, you can easily:
- Estimate the maturity value of your investment
- Calculate the total interest earned over time
- Adjust contribution amounts to compare scenarios
Key Features of BOB PPF Scheme
- Minimum yearly investment: ₹500
- Maximum investment: ₹1.5 lakh per financial year
- Lock-in period: 15 years (extendable)
- Interest rate: ~7.1% p.a. (subject to quarterly revision)
- Partial withdrawal and loan facilities available
Example Calculation
If you invest ₹1.5 lakh annually in a BOB PPF account at 7.1% interest for 15 years:
- Total Investment: ₹22,50,000
- Total Interest Earned: ₹18,18,209
- Maturity Amount: ₹40,68,209
Tax Benefits of PPF
Investing in a Bank of Baroda PPF account gives you tax advantages under the EEE model:
- Investments qualify for Section 80C deductions up to ₹1.5 lakh/year
- Interest earned is completely tax-free
- Maturity amount is also tax-exempt
Why Use the Bank of Baroda PPF Calculator?
- Instant results for financial planning
- Compare different investment scenarios
- Accurate projections based on government interest rates
- Helps maximize your long-term tax-free savings
Conclusion
The Bank of Baroda PPF Calculator is a powerful financial planning tool that helps investors visualize and plan their long-term savings goals. With the stability of government-backed returns and full tax benefits, opening a PPF account with BOB is a reliable way to grow wealth securely. Use the calculator to make informed decisions and optimize your savings journey.