PPF accounts are one of the many savings schemes offered by the Andhra Bank. Being a nationalized bank, one can apply for this scheme in any one of its branches. A PPF account in Andhra Bank provides loan benefits, nomination facility, and tax exemptions to the depositors. One can make use of the Andhra Bank PPF Calculator to calculate the return on their PPF account upon maturity. Though a PPF account can’t be opened online in this bank, the offline process of applying is simple and quick.

In this article

**What is PPF and How it Works?**

The Public Provident Fund PPF scheme is an efficient investment scheme that allows investors to maintain a retirement corpus by contributing towards the account either by making monthly or lump-sum payments. PPF scheme comes with a mandatory lock-in period of 15 years during which the investors cannot close their accounts. PPF has become one of the most preferred investment options nowadays owing to the attractive interest rate that it offers, along with the tax benefits under section 80C of the Income Tax Act. Furthermore, depositors are also provided with the facilities of loans, an extension of account in blocks of 5 years after maturity, etc. With the help of PPF calculator of Andhra Bank, one can easily calculate the year-wise PPF returns with ease.

**What is PPF Calculator for Andhra Bank?**

It’s a handy tool that can help you in performing the most complicated PPF related calculations in a fraction of seconds. With the help of this PPF calculator, you can easily calculate the year-wise PPF returns you can earn by contributing to your PPF account over a fixed time period and with a specific frequency.

**How is interest on PPF calculated?**

The PPF interest is calculated on a monthly basis based on the pre-determined rate of interest decided by the government. However, the interest is credited to the account at the end of the financial year.

**PPF Calculation Formula for Andhra Bank**

PPF returns are calculated with the help of following formula:

F = P [({(1+i) ^n}-1)/i]

The variables used in the formula represents the following–

- F – Maturity of PPF
- P – Annual instalments
- i – Rate of interest
- n – Total number of years

**How to Calculate the Maturity Value of your Andhra Bank PPF Account?**

The PPF account calculator for Andhra Bank provides an estimate of interest earned, maturity value for a given amount invested and investment period. This estimation of the returns earned at the end of the investment period helps you know whether the investment option chosen matched with your financial goal or not.

Steps to use the Calculator are as follows:

- Enter the yearly investment amount or move the slider to adjust the amount
- Enter the time period of the PPF investment.
- Once you enter the above details, the Andhra Bank PPF calculator will provide you with the total investment amount, total interest and the maturity value at the end of the investment period.

**Benefits of Using PPF Calculator of Andhra bank**

- It helps investors to gain an idea about how much interest can be earned with their investment
- The PPF calculator saves a lot of time as investors don’t have to go through complicated calculations, thus mitigating the scope of any miscalculations.
- It helps to estimate the total investment in a financial year

**Andhra Bank PPF Calculator – FAQs**

**Ques**. How is the PPF interest rate calculated?

**Ans**. The PPF interest rate is reviewed every quarter. The interest is compounded annually for this scheme and is calculated every month but credited to the investors’ account at the end of the year on the 31st of March.

**Ques**. Can PPF amount be withdrawn before 5 years?

**Ans**. No. Partial withdrawals before five years are not allowed under this scheme. Even after five years, PPF has a restriction on the withdrawal limit.

**Ques**. How much return can I expect on PPF account after 15 years?

**Ans**. An investor receives the matured amount in the PPF account after 15 years which is the principal amount invested and the interest earned on it.