Canara Bank PPF Calculator

The Public Provident Fund (PPF) is a government-approved investment vehicle that enables you to save a substantial amount by investing a certain amount periodically. It also helps you save tax under Section 80C of income tax. Many consider a PPF account as a good retirement plan because of its 15-year lock-in period and hence invest in it, while others may use it to fulfil financial goals. The government fixes the interest rate on a PPF account. It is variable and changes quarterly.

Many banks offer PPF accounts, and customers can choose based on their preferences. However, the lock-in period makes many think if the returns on their PPF investment will be worth the wait. Online PPF calculators are useful tools that can help compute returns on investment. They enable you to determine whether a PPF investment suits your financial goals. Among these calculators is the Canara Bank PPF Calculator on Angel One.

Canara Bank, one of India’s leading banks, offers PPF accounts to its customers. If you want to open a PPF account with this bank, you can use the Canara Bank PPF calculator. It helps you determine the amount you can receive at the end of the investment period and thus saves you from tedious and time-consuming manual calculations.

The Online Canara Bank PPF Calculator is an efficient online tool that helps calculate the maturity value of the PPF. To use Angel One’s Canara Bank PPF Calculator, follow the steps below:

• Open the Canara Bank PPF Calculator page.
• Enter the amount you wish to invest annually.
• You do not have to put in the interest rate or tenure, as the tool has them already.

Let’s take an example. If you wish to invest Rs. 40,000 annually, enter it in the field for annual investment. The tool will take 15 years as the duration as that is the lock-in period; you can choose to increase it in blocks of 5 years. The prevailing interest rate is also available in the tool.

As soon as you enter the annual investment, the tool will yield a maturity sum of Rs. 10,84,829. The total invested sum would be Rs. 6,00,000, while it will show that you will earn a total interest of Rs. 4,84,829.

• Free of cost: The Canara Bank PPF Calculator on Angel One is a free online tool.


• Time efficiency and accuracy: The Angel One Canara Bank PPF calculator is efficient and yields accurate results. It saves you from lengthy and complex manual calculations.


• Ease of financial planning:The results of the calculator show the estimated amount one would receive at the end of the investment tenure. You can try different investment amounts in the tool to check what yields returns adequate for your financial goals. This can ease budgeting and financial planning.

To open a Public Provident Fund account, you must meet the following criteria:

Nationality: PPF accounts are available only to persons with Indian nationality.

AgePersons 18 years and above are eligible to open a PPF account. However, you can also open an account in the name of a minor child.