Axis Bank PPF Calculator – Calculate PPF Returns Easily
The Axis Bank PPF Calculator is an easy-to-use online tool designed to help you estimate the returns from your Public Provident Fund (PPF) investments. Whether you’re planning for retirement or saving for the future, PPF with Axis Bank offers secure, tax-free growth and long-term stability backed by the Government of India.
About Axis Bank PPF Account
Axis Bank facilitates the opening and management of PPF accounts as per government rules. You can invest a minimum of ₹500 to a maximum of ₹1.5 lakh per financial year for a tenure of 15 years. The interest is compounded annually and is fully tax-free under the EEE category.
How the Axis Bank PPF Calculator Works
With the Axis PPF Calculator, you can:
- Input your annual or monthly contributions
- Calculate your estimated maturity value
- See total interest earned over the chosen investment period
- Adjust inputs to compare multiple investment scenarios
Axis PPF Scheme Highlights
- Investment tenure: 15 years (extendable in 5-year blocks)
- Interest rate: ~7.1% p.a. (subject to quarterly review)
- Flexible investment mode: Monthly or yearly
- Loan and partial withdrawal facility available
- Safe, government-backed returns
Example Calculation
Suppose you invest ₹1.5 lakh every year in a PPF account with Axis Bank for 15 years at 7.1% annual interest:
- Total Investment: ₹22,50,000
- Interest Earned: ₹18,18,209
- Maturity Amount: ₹40,68,209
Tax Benefits of PPF
- Deposits eligible for deduction under Section 80C
- Interest earned is completely tax-free
- Maturity proceeds are exempt from tax
Why Use the Axis Bank PPF Calculator?
- Instant and accurate results
- Helps in goal-based financial planning
- User-friendly and mobile-responsive
- Supports investment comparison scenarios
Conclusion
The Axis Bank PPF Calculator is a valuable tool for anyone looking to invest in a safe, long-term savings scheme with tax benefits. By helping you understand your future returns, it enables smarter financial decisions and effective planning. Open your PPF account with Axis Bank and start building your secure financial future today.