SBI PPF Scheme

SBI PPF plan information! Invest ₹1,000 every month and get ₹3.25 lakh secured

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SBI PPF Scheme :There are many schemes in India in which you can invest and get good returns. In SBI PPF scheme, you can get 3.25 lakhs by investing up to ₹ 1000 every month and in today’s time, investing is very important.

You can reduce the financial risk in the future by investing under SBI PPF scheme with guaranteed growth returns by the Government of India. Let us tell you the process of investing in SBI PPF scheme and all the information about the necessary documents apart from opening an account.

Know about SBI PPF scheme

SBI is considered to be one of the most trusted banks in the country and the Public Provident Fund offered by SBI is a long-term savings scheme. You can get a good return by investing ₹ 1000 every month in it. Apart from this, the Public Provident Fund available here is governed under the Act 1968. In today’s time, a good interest is also provided. If you invest in such a scheme of SBI, then your money is considered absolutely safe.

Key features of SBI PPF scheme

  • You can start investing in this scheme with as little as ₹500 per year
  • You can invest up to ₹1.5 lakh per year in this scheme
  • The investment period in this scheme is 15 years, which can be extended in blocks of 5 years
  • If we talk about the interest rate in this scheme, then 7.1% interest is given

Complete information about the benefits of SBI PPF scheme

  • If you start investing in this scheme, then your investment and interest are considered completely safe with government guarantee
  • Under this scheme, you are also provided attractive returns for the long term
  • Not only this, you can invest tax-free income that is income free from income tax
  • You can invest money in installments. You can invest a maximum of 12 times annually

Documents required to open an account

Aadhaar card, PAN card, Passport

Utility bill or Passport, Aadhaar

Passport size photo

SBI Savings Account

SBI PPF Account Opening Process

To open an account in this scheme, you can go to the nearest SBI branch and fill the PPF account opening form. Apart from this, all the necessary documents have to be attached with the form. You can also open an account online. By logging into SBI’s internet banking, you can open a PPF account and start investing.

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