Thursday, August 14, 2025
spot_img

PPF Account Benefits: SBI customers open PPF account sitting at home, will get bumper exemption in tax; Learn Process

Public Provident Fund: PPF is the best option to keep your future safe and secure. Along with this, it also gives tax benefits at every step. By investing in it, the returns earned during this period, maturity amount, and overall interest are completely tax-free. Under this, you will also get a tax exemption on investment of 150000 under Section 80C of Income Tax.

public provident fund benefits 

At present, the PPF account is giving an interest rate of 7.1 percent. According to experts, investing in PPF for a long period also gives the benefit of compound power i.e. extra profit. The country’s largest public sector bank State Bank of India (SBI) also allows customers to open PPF account online. Then what is the delay, open your PPF account today.

Read More: EPFO UAN: EPF members can generate a UAN to monitor their provident fund balance from the comfort of their own homes

required documents 

An enrollment form, passport size photograph, Permanent Account Number (PAN) card copy, ID proof, and residence proof are required to open PPF accounts. You must have these documents to open the account as per the KYC norms of the bank. So let’s know the process of opening a PPF account in the country’s largest bank SBI.

Procedure to open PPF account in SBI

1. For this, first go to the SBI net banking portal – onlinesbi.com and log in.

2. Now go to the ‘Request and Enquiries’ tab and click on the ‘New PPF Account’ option.

3. Then click on the ‘Apply for PPF Account’ section.

4. Here on the screen, fill in the required details like name, PAN, and address.

5. After this, enter the branch code of the bank from where the account is to be opened.

6. Now enter your nominee details and submit.

7. After this you will get an OTP which you need to enter and click on ‘Print PPF Account Online Application’ to print the form.

8. Visit the branch within 30 days with your Know Your Customer (KYC) documents and photographs. The account opening form gets deleted after 30 days from the date of submission as per SBI.

spot_img
RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Most Popular

Latest

Airport Authority India Recruitment: Salary Up To 1.4 Lakh

The Airport Authority of India has released a recruitment notice for 976 Junior Executive positions. Applications can be submitted online between August 28 and...

160 KM Scooter With 56L Storage, Booking Open

The family-friendly Ather Rizta electric scooter has 56 liters of storage space and two battery packs. Let's know all the specifics of its characteristics,...

Vivo X Fold 5 Vs Galaxy Z Fold 7

Vivo X Fold 5 vs. Samsung Galaxy Z Fold 7: The Vivo X Fold 5 weighs 217 grams and has a thickness profile of...

Hanuman Bahuk Relieves Pain, Explains Rules, Benefits

Hanuman Bahuk Path: Reciting the Hanuman Bahuk Path strengthens the intellect and brain. Tell us about the significance, guidelines, process, and advantages of reciting...

Tata Tiago: Rs 5 Lakh Discount, 900km

Sale on Tata Tiago: When fully charged, the Tata Tiago's 35-liter gasoline tank and 60-liter CNG tank can go up to 900 kilometers. Let's...

Most Popular