Invested amount | ₹ |
Total interest | ₹ |
Maturity value | ₹ |
Allahabad Bank PPF or Public Provident Fund is a savings cum tax saving instrument offered in India. The focus of the Allahabad Bank PPF account is to facilitate every Indian citizen to make small savings in the Public Provident Fund (PPF). The most interesting part is it not only offers good returns but also comes with income tax benefits. Nomination facility is available in this account. One can check their PPFs maturity value by using the Allahabad Bank PPF calculator anytime.
A PPF scheme is a great investment method which offers substantial return and tax benefits. One can invest an amount as low as Rs. 500 to a maximum of Rs. 1,50,000 in one financial year. PPF account comes with a lock-in period 15 years, however, anyone can partially withdraw after the completion of 5 years. Not all the branches of Allahabad Bank provide you with the facility to open a PPF account. You can look for a branch that offers you the option of opening the PPF account. One should have a savings account with the Allahabad Bank so you can transfer the PPF subscription amount online. To open the PPF account, you can download Form A from the Allahabad Bank website.
Allahabad Bank PPF Return Calculation Formula
The formula for Allahabad Bank PPF maturity value calculation is given below:
F = P [({(1+i) ^n}-1)/i]
The variables used in the formula represents the following–
The maturity value calculation on your Allahabad Bank PPF account takes less than a minute and can be done with a few simple steps:
The PPF calculator is not only easy to use and understand but has certain benefits also: