PPF Account These days people have many options for investing. Many banks are also offering to open PPF accounts for their customers. Know how you can open an online PPF account in SBI?
Nowadays most people think about investing in some scheme or the other. The government also runs various schemes for investment. When we need money in the future, keeping this in mind, we should definitely invest in some scheme.
With so many schemes available in the market, many times we get confused as to which scheme will give us better returns than other schemes. Today we will tell you about such a scheme, where you can invest for a long time.
India’s largest government bank State Bank of India (SBI) has launched a PPF scheme for its customers. In this scheme, security is also being provided in the best interest of the customer. Customers can also open their PPF account online.
How much interest will you get (PPF Interest Rate)?
In this scheme, your investment amount matures after 15 years. At the same time, interest is being given at the rate of 7.1 percent in this scheme. The Public Provident Fund (PPF) scheme is administered by the government. This scheme also provides tax benefits along with savings after retirement.
How to open PPF Account?
First of all, you have to go to www.onlinesbi.com and open SBI online account tab. After this, you have to select the option of Requests and Inquiries. Click on the New PPF Account link from the dropdown menu shown below. After this, a new window will open, on which the new page account will be displayed. After clicking there you need to enter many details like name, address, PAN card, and CIF number. If you are opening an account on behalf of a minor, then you must tick both the boxes shown below. If you are not a minor, then you should not click on that box. After this, you have to enter the code and name of the branch of your bank, in which you want to open an account. After this, you click on the submit button, after which your application form will be submitted and will appear on the screen. You have to write the reference number showing on the screen and download the form. You have to take a printout of the account opening form from the PPF online application print option. You have to submit this form along with your passport-size photograph and KYC at the branch within 30 days.
