Kotak PPF Calculator

PPF (Public Provident Fund) has been one of the favourite investment tools for several years. Since the Government of India backs it, the scheme is safe to invest in and has minimal risk-associated factors. PPF offers a lock-in period of 15 years, which makes it an apt time for many parents to invest in the scheme for multiple reasons. One of them includes the planning of their child’s higher studies. By the time they reach, you will have a neat sum prepared for your child’s future.

Kotak Mahindra Bank offers a wide array of investment options, among which Kotak Bank PPF is one of the safest investment alternatives. Other options include Fixed Deposits, Mutual Funds, Operative Accounts, etc.

To know what makes Kotak Bank PPF worth investing in, how to determine the maturity value using the Kotak PPF calculator, and more, keep reading!

Public Provident Fund - What does it means?

Public Provident Fund, commonly known as PPF, is a financial and tax-saving tool tailored for people having a low to no appetite for investment. Since the government backs the scheme, it saves investors from being taxed. In 1968, the National Savings Institute of the Ministry of Finance introduced PPF with a motive to muster small savings by providing an investment with impressive returns.

Moreover, the scheme offers income tax benefits.  

The Central Government entirely ensures Public Provident Fund and the account must not be attached under any court's order, as specified under the Savings Banks Act, 1873. The PPF scheme introduced by the Government on December 12, 2019, cancels the previous Public Provident Scheme launched in 1968. 

Investors parking their money in a PPF account can earn better interest on their savings. Plus, there are minimal to zero risks associated with this scheme, making it a worthwhile investment option. 

What is Kotak Bank PPF Calculator?

Kotak PPF calculator is an AI-based online tool employed to compute PPF returns upon maturity. You can use the tool to calculate the probable earnings on a PPF account in Kotak Bank by providing specific details, including the investment duration and yearly investment fund. 

The calculator then estimates the precise wealth gained depending on the input furnished by the user. It will calculate the interest you earn on PPF investment. The Kotak PPF calculator automatically computes the interest earned and maturity value on investing in a PPF. 

Nevertheless, you can also use the Kotak PPF interest rate calculator to compare the maturity value and interest earned with other banks or lenders.

Kotak PPF Calculator Requirement

The PPF calculator Kotak Mahindra Bank works on the following inputs:

  • Current Interest Rate (%): Interest rates for the PPF scheme differ for every quarter. Based on the current interest rate offered by Kotak Mahindra Bank, Urban Money keeps updating the same on its calculator. 
  • Duration of Investment (in years): The lock-in or investment period of the Public Provident Fund is 15 years. However, if you want to stretch your investment tenure, you can do so by a block tenure of five years.
  • Yearly Investment: It refers to the amount of money an investor opts to invest in the PPF account every year. 

Once you have furnished those inputs, the Kotak PPF account calculator provides you with the following values:

  • Wealth Gained: It refers to the total amount gained during the PPF investment term.  
  • Maturity Amount: The total amount the investor receives when the investment tenure is over. 
  • Total Investment: The total summation of all the yearly investments merged until the lock-in period is reached. 

Kotak Bank Maturity Value Calculation

You can calculate the maturity value of PPF using the Kotak Mahindra Bank PPF calculator or the mathematical formula.

Kotak Bank Public Provident Fund Calculator Formula

The Kotak PPF calculator is embedded with the same formula that helps calculate the maturity amount at the end of investment tenure.

A = P [({(1+i) ^n}-1)/i] 


  • A = Maturity amount 
  • P = Investment amount
  • n = the tenure of investment
  • i = Interest rate on PPF

How does the Kotak PPF Calculator Help You?

The Kotak PPF calculator uses the input provided by the user and computes the maturity value along with interest earned using the formula described above. 

It will also show the total amount you have invested for 15 years. 

Furthermore, the tool helps you compare the interest earned with different investment amounts for different investment tenures. Additionally, it helps in making an informed decision about the investment. 

Key Benefits of Kotak Bank PPF Calculator

Besides offering you certain values, here are some additional benefits a Kotak Bank PPF calculator offers:

  • Easy to Use: Kotak PPF interest rate calculator is a user-friendly tool that helps you determine specific values by entering the correct numbers in the required fields. The calculator gives you the values of wealth gained, maturity amount, and the total amount you have invested. Furthermore, it also helps you decide on an alternative for PPF. 
  • Calculates the Wealth Gained: The Kotak PPF calculator helps you derive the amount of wealth gained along with the maturity amount when the lock-in period ends. 
  • Beneficial in Managing Finances Better: If you are aware of the returns you can receive from PPF investment, you will be able to manage your finances better.
  • Accurate and Fast: The PPF calculator Kotak Bank is quick, hence, you get results within seconds. Moreover, it provides you with precise values based on the inputs furnished. However, the calculator doesn’t guarantee any return. It only calculates the possible return you can obtain from a PPF investment. 

Kotak Bank PPF Investment Schedule

Assume that you wish to deposit ₹ 50,000 yearly in the Kotak PPF scheme for 15 years. Currently, the interest rate on PPF is 7.1%. Therefore, Kotak Bank PPF investment schedule would be as follows:

YearOpening Amount (INR)Investment (INR)Interest (INR)Closing Amount (INR)

Let us calculate the maturity amount of the same using the formula. 

Suppose a depositor wishes to invest in a Public Provident Account for 15 years. As aforementioned, the current interest rate on the Kotak PPF account is 7.10%. The depositor will be depositing ₹ 50,000 every year in the scheme. In such cases, the maturity value when the PPF reaches the lock-in period would be– 

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

A = 50,000 *[({(1+0.071) ^15}-1)/0.071]

A = INR 13,56,070

Thus, the depositor will receive ₹ 13,56,070 after 15 years (upon maturity). Also, he/she will earn a total interest of ₹ 89,898. 

Steps to Open a PPF account in Kotak Bank

The PPF account opening procedure with Kotak Bank is quite simple. You can open an account online by visiting Kotak Bank's official website and clicking on the required option. Or you can simply approach the nearest branch of Kotak Mahindra Bank and ask them for an application for opening a PPF account. 

Fill up the application form thoroughly and submit it along with the documents required. Also, make the required monthly or yearly payment (whatever deposit option you have opted for).

Frequently Asked Questions (FAQs)

How much do I receive after investing for 15 years in Kotak PPF?

At an interest rate of 7.1%, if you invest ₹ 60,000 every year for 15 years, you will earn a total interest amount of ₹ 7,27,284. Moreover, your total wealth will equate to ₹ ₹16,27,284 on maturity.

How is PPF interest calculated in Kotak Bank?

Either you can use the Kotak PPF calculator or a mathematical expression (already described in this blog) to compute the wealth gained/interest earned on the PPF account in Kotak Bank.

What is the Kotak PPF rate of interest?

Currently, the interest rate on Kotak Bank PPF or any bank’s PPF is 7.10%.

Is Kotak Bank good for the PPF account?

Kotak Mahindra Bank has performed exceptionally well in the past few years. Plus, the PPF scheme is backed by the Government of India, which makes the scheme completely safe to invest in.  Moreover, the Kotak PPF scheme will offer you 7.1% on investment. Hence, it’s suitable for a long-term investment. In short, investing in Kotak Bank PPF would be a good option.

Get your latest Credit Score, FREE

Urban Money