SBI PPF Latest interest Rate 2025: Knowing the benefits of opening SBI PPF Account, if you are also thinking of opening a Public Provident Fund, then SBI Bank gives the Bumper interest, SBI gives a lot of interest to your customers on PPF Account.
SBI PPF Latest interest Rate 2025: State Bank of India is one of the oldest banks in India, on which the people of the country trust a lot. Many facilities are launched by SBI from time to time for all the people of the country so that the people of the country can be benefited.
SBI PPF Account is for future, very profitable
SBI PPF Account is a very good option for any person of the country who wants to secure his future completely. The full form of PPF is Public Provident Fund. When you open a PPF account, Currently, you get an interest rate of 7.1% in it . Not only this, you also get the benefit of Compound Power by investing in PPF Account.
In PPF account, you do not have to pay any kind of tax on Maturity Amount, Earned Returns and Composite Interest. When you invest 1.50 lakh in SBI PPF Account, you are also given tax exemption.
Next, we also explain to you the process of opening SBI PPF Account so that you can secure your future by opening this account.
You can start PPF account with only Rs.500
The minimum amount required to open a PPF account is only Rs 500, while the maximum investment limit has been kept at Rs 1.50 lakh per year. But remember that your SBI Saving Account should be linked to your Aadhar Card Number. Because to open PPF account, OTP comes only on the number linked to the Aadhaar card.
SBI PPF Account matures in 15 years
- SBI PPF Account matures in 15 years. While you also get the facility that when your PPF account is about to mature, you can also extend it for a further 5 years. For this, the account has to be increased 1 year before the completion of maturity.
- When you open a PPF account, you cannot withdraw money from it until the account is 5 years old. If you withdraw money before 15 years, 1% is also deducted from your fund.
If you have a bank account in State Bank of India (SBI), then you can open a PPF account from home. Let’s know its complete process.
Use net banking or YONO app
SBI (State Bank of India) customers can use the bank’s net banking website or YONO app to open a PPF (Public Provident Fund) account online from home.
Process to open PPF account through SBI Net Banking
- Go to the official website of SBI Net Banking
- Login by entering username and password
- Then go to the “Accounts” section
- Then click on New PPF Account
- Fill in the required information (name, PAN number, nominee details etc.)
- Select your branch and submit the form
- After this, an OTP will come on the mobile. Verify the OTP and confirm the application.
- After this your PPF account will be opened. Note down the PPF account number.
Process to open PPF account through YONO app
- Go to the Accounts section of SBI YONO app
- Select the “Open PPF Account” option
- Fill in the details and submit
- Verify through the OTP received on the registered mobile number
- Your PPF account will be opened successfully
Required Documents
- Enrollment form
- Aadhar Card
- PAN card
- Residence certificate
- Passport size photo
- Adding nominee is necessary
- Minimum deposit: ₹500 (maximum ₹1.5 lakh per year)
