This article offers a brief summary of the key aspects of the State Bank of India’s PPF schemes. Since these details are subject to frequent updates, please refer to the bank’s official website for the most current information on features and interest rates.
SBI – PPF Features:
- You can deposit a minimum of Rs. 500.00 up to a maximum of Rs. 1,50,000 per year.
- Enjoy tax benefits under Sec 88 of the IT Act.
- You can take out loans or make withdrawals based on your account’s age and balances on specified dates.
- The initial duration is 15 years, but you can extend it for one or more 5-year blocks by requesting it.
- Transfer your account to other branches, banks, or Post Offices free of charge upon your request.
How to invest?
Click here to invest in the State Bank of India’s PPF schemes.
Note: The information presented here is sourced from publicly available data. We cannot be held responsible for any inaccuracies in the details. For the most current and accurate information, please visit the official website of the respective bank/institution.