Indian Bank is an Indian state-owned financial services company established in 1907 and headquartered in Chennai, India. It has 20,661 employees, 2594 branches and is one of the top performing public sector banks in India. (Source: Wikipedia)
Indian Bank PPF Interest Rate
Interest rate on PPF account in Indian Bank is no different to all other bank and post office’s rate. Current (FY16-17) interest rate for Indian Bank’s PPF Account is 8.1%
How to use above Indian Bank PPF Return Calculator?
We provide different ppf calculation modes, which are
- Fixed yearly amount
- Fixed monthly amount
- Variable yearly amount
- Variable monthly amount
Fixed yearly amount: If you want a quick estimate of how much return should I earn if I invest x amount of money every year for the next 15 years you can use this mode.
Fixed monthly amount: If you want a quick estimate of how much return should I earn if I invest x amount of money every month for next 15 years you can use this mode.
Variable yearly amount: In most of the cases we don’t invest the same amount of money every year. If you select this mode, you will be able to enter different money for each year. Also, you can assume/estimate how much rate of interest should be there in future (This is a great add-on).
Variable monthly amount: This is very advanced and detailed level of calculation. Here you can estimate your return maturity amount by providing detailed month wise investment.
We provide one more feature, which is you can select your investment starting year. There are two main benefits of this tool
- You’ll know the maturity date of your investment. You’ll also get information of how much you’ll earn after this amount of time, so if you have partial withdrawal in your mind you can plan better.
- PPF interest rates change year to year. So for folks who have invested earlier need to just select starting year, and their maturity amount is calculated with used of proper interest rate.
How to calculate Indian Bank PPF maturity amount for 20, 25 or 30 years?
PPF amount maturity locking period is 15 years. After 15 years your PPF deposit is matured, now if you wish to continue ppf scheme for another 5 years you can do that. In that case, your total locking period will become 20 years. Same way by extending the locking period to 5 years more it becomes 25 and 30 years. Daily tools provide a way to calculate maturity amount for 20, 25 or 30 years. Let’s see how you can do that
PPF Calculator for 20 years Just select maturity duration to 20 years and perform calculation.
PPF Calculator for 25 years Just select maturity duration to 25 years and perform calculation.
PPF Calculator for 30 years Just select maturity duration to 30 years and perform calculation.
