Axis Bank PPF Calculator – Calculate Returns & Maturity Value

Key takeaways: 

• The Axis Bank PPF calculator helps you to estimate total maturity value, interest earned and total investment under a PPF account. 
   
• You can use these parameters to compare results with other tools like post office PPF calculator and HDFC bank PPF calculator. 
   
• The Axis Bank PPF calculator is based on the current Axis Bank PPF interest rate regulated by the government of India. 

Bonus tip: 

The Axis Bank PPF calculator can be used as a planning tool that can compare results among different institutions and banks like post office PPF calculator and HDFC Bank PPF calculator. You can use the calculator to test many different term scenarios like extending your PPF account beyond the 15 year lock in period. 

Public provident fund (PPF) is a scheme offered by the Government of India. Under this scheme, you can avail tax benefits and also the fixed and guaranteed returns. The initial lock-in period of the account is 15 years and except on certain grounds, it cannot be closed prematurely. The Axis Bank PPF calculator helps you choose the right investment amount. It helps you make a better decision on how long the investment should be held to reach your final goal. 

What is the Axis Bank PPF calculator ?

The Axis Bank PPF calculator is like planting a tree and the amount you invest is like a seed to that plant. The interest rate is the sunlight and water to your invested amount provided by the Government. Now before planting the tree, you want to know how long the tree will grow, this is what exactly the Axis Bank PPF calculator is. It is an interactive online tool that helps you to estimate the maturity value of the invested amount over a period of 15 years. 

Axis bank PPF interest rate: PPF rates are decided every quarter by the government. The current Axis PPF interest rate is 7.10% per annum. A PPF account has a 15 years lock-in period.

For example, Rahul, a 30 year old man wants to make tax free wealth using a PPF account with Axis Bank. He decides to invest Rs. 1,50,000 every year for next 15 years with an interest rate of 7.1% per annum. By using the Axis Bank PPF calculator he found that the maturity value of his investment will be Rs.40,68,000. He realised how consistent investment can double his total investment in the long run. 

Examples: 

Try understanding the Axis Bank PPF calculator with the help of some examples:

Example 1. karan is a 27 year old man who has just started his first job. He wants to build tax free wealth for his future goals. 

Investing in PPF scheme helped Karan to build a tax free wealth for his secure future. 

Example 2.  Anjali is a married woman who wants to invest every year for her child’s higher education.

Anjali’s small yearly investments turned into tax free amounts over a period of time. 

How to use the Axis Bank PPF Calculator?

Following the below step by step process, you can easily access the Axis Bank PPF calculator:

Step1- go to the official page https://www.axis.bank.in/calculators/ppf-calculator. 

Step 2- enter your yearly investment amount or adjust the slider accordingly.

Step 3-provide the time of the investment.

Once all the above information is provided, you will get the total investment amount, total interest and the maturity value. 

What are the benefits of using the Axis Bank PPF calculator? 

If you thinking to invest in a PPF scheme, it is important as well as beneficial to use the Axis Bank PPF calculator as:

1- The calculator gives you the clarity to choose the right investment amount.

2-It shows you the total amount that you have invested as per the tenure.

3- It also calculates the total interest earned on maturity of the account. 

4-the calculator helps you to make a better decision on how long your investment amount should be held. This will allow you to achieve your financial goals. 

Conclusion:

The Axis Bank PPF calculator is an online tool. It gives you an accurate estimate of the return at the end of a 15 year lock in period of investment. The calculator requires a few basic investment parameters such as investment frequency, amount and current interest rate. It helps you to make a clear and confident decision before investing. By using the calculator before committing to a particular PPF scheme, you can get an idea of your financial goals.

FAQs

1-what is a PPF calculator? 

PPF calculator is an interactive online tool that helps you to know the estimated return of your PPF investment. The initial lock in period is of 15 years. To avoid the complex calculations to know the amount, it is easy to use the PPF calculator . 

2-what are the benefits of using the PPF calculator? 

There are so many benefits of using the PPF calculator. It is a time saving tool that eliminates the complex calculations and gives you instant results. It is a free tool that can be used by anyone from anywhere. The calculator helps you in making a better decision before investing in any PPF schemes. 

3- I opened a PPF account in September 2018 but now I need some money for a down payment. Am I eligible to withdraw the PPF amount? 

Yes, if you have completed your 6 years then you are eligible to withdraw subject to the 50% limit.

4-how does the PPF work and is worth investing in it?

PPF works with an investment amount, tenure and interest rate. Yes, it is worth investing in a PPF scheme but it completely depends on your financial goals. By using a PPF calculator, you can see how even a small investment can grow over a period of time.