Bank of Baroda PPF Calculator

Public Provident Fund (PPF) is a long-term saving scheme that offers tax benefits and is backed by the Government of India. The PPF account can be opened with any bank or post office in India. The account holder can contribute up to Rs 1.5 lakh per year. The PPF account matures in 15 years, and the interest earned is tax-free. After that, you can extend it for a period of 5 years at a time. The money in your PPF account compounds annually. 

Bank of Baroda: An Overview

Bank of Baroda is an Indian public sector bank with its headquarters in Vadodara, Gujarat. Bank of Baroda offers its customers a wide range of banking products and services, including savings and current accounts, credit cards, loans, mortgages, investment products, and insurance. The bank also provides various digital banking products and services, such as mobile banking, online banking, and UPI. It is the second-largest bank in India by assets and third-largest by market capitalisation. The bank has a network of over 9,300 branches and 13,400 ATMs spread across the country. Bank of Baroda offers a PPF scheme across its branches all over the country. 

How Does The Bank of Baroda PPF Calculator Work? 

The Bank of Baroda PPF interest rate calculator is a simple and easy-to-use online tool that can help you calculate the interest and maturity value of your PPF investment. All you need to do is enter the investment frequency and investment amount. The PPF calculator will then do the rest of the work for you and provide you with an estimate of the interest and maturity value of your PPF investment. This can help you make informed decisions about your investment and ensure you get the most out of your PPF account.

Bank of Baroda PPF calculator uses the above formula to compute the maturity value of your investment:

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

Here:

• F means maturity value,
• P means annual instalments,
• I  means the rate of interest
• N means tenure of PPF

Key Benefits of the Bank of Baroda PPF Calculator 

• Bank of Baroda PPF calculator can help you estimate how much you will need to save to achieve your financial goals.
• The PPF interest rate calculator is a great tool for anyone who wants to keep track of their PPF account and ensure they get the best return on their investment.
• Bank of Baroda PPF calculator enables you to make informed investment decisions.

Bank of Baroda PPF Interest Rates

The Bank of Baroda PPF interest rate is decided by the Ministry of Finance based on recommendations made by the Banking Regulation and Development Authority (RBI).

Month	Rate of Interest
January	7.1% p.a.
February	7.1% p.a.
March	7.1% p.a.
April	7.1% p.a.
May	7.1% p.a.
June	7.1% p.a.
July	7.1% p.a.

Bank of Baroda PPF Calculator: Investment Schedule

An investment schedule is a tool that helps you track your investments and progress towards your financial goals. The schedule includes your investment goals and risk tolerance. The Bank of Baroda PPF investment schedule will help you identify the interest receivable and maturity value throughout the PPF tenure.

Let's take an example to understand how the BOB PPF Calculator works. 

Let’s assume, the principal invested is INR 1,500 on a monthly basis for a tenure of 15 years at 7.10% p.a.

Year	Deposit Amount	Interest	Balance
1	INR 18,000	INR 18,692	INR 692
2	INR 36,000	INR 38,711	INR 2,712
3	INR 54,000	INR 60,152	INR 6,152
4	INR 72,000	INR 83,115	INR 11,115
5	INR 90,000	INR 1,07,708	INR 17,709
6	INR 1,08,000	INR 1,34,048	INR 26,048
7	INR 1,26,000	INR 1,62,258	INR 36,258
8	INR 1,44,000	INR 1,92,471	INR 48,471
9	INR 1,62,000	INR 2,24,829	INR 62,828
10	INR 1,80,000	INR 2,59,484	INR 79,483
11	INR 1,98,000	INR 2,96,600	INR 98,599
12	INR 2,16,000	INR 3,36,351	INR 1,20,350
13	INR 2,34,000	INR 3,78,294	INR 1,44,923
14	INR 2,52,000	INR 4,24,520	INR 1,75,519
15	INR 2,70,000	INR 4,73,353	INR 2,03,352

How To Open A PPF Account in Bank of Baroda?

You can visit your nearest Bank of Baroda branch and request a PPF form. Fill in the application form and attach the required documents along with it. You will receive an acknowledgement slip once your PPF account has been activated and you pay the first instalment. 

You can also opt for opening a BOB PPF account online. Follow the steps listed below:

Step 1: Visit the official website of Bank of Baroda

Step 2: Log in to your internet banking account.

Step 3: Click on ‘Open PPF Account’

Step 4: Provide your account details and other basic information.

Step 5: Click on ‘Proceed’

Step 6: An acknowledgement will pop up on the screen; click on ‘confirm’ to proceed.