INSUBCONTINENT EXCLUSIVE:
Application for SBI's PPF account can be submitted online.A Public Provident Fund (PPF) account is considered among the most sought after
investment products by financial advisors
Offered by various institutions including India Post and commercial lenders such as State Bank of India (SBI), PPF is a retirement
planning-focused investment instrument that helps individuals save from a long-term perspective
A Public Provident Fund account can be set up against an investment of Rs 500, up to Rs 1.5 lakh in a financial year
The amount can be deposited in a lump sum or in a maximum of 12 installments per year (in monthly instalments)
A PPF account matures in 15 years
Thereafter, on application by the subscriber, it can be extended for 1 or more blocks of 5 years each, according to State Bank of India's
State Bank of India allows its customers to open a PPF account online through its internet banking portal.For applying a new PPF account a
customer has to log in to online SBI account and click on request and enquiries tab
From the drop down you will have to click on new PPF account
After clicking the link you will be directed to a page containing your account details.If a person wants to open a PPF account for minors,
then one has to check the tab which says "If account to be opened in the name of a Minor, click here" and fill the details of a minor such
as his or her date of birth, name and relationship with the applicant.If a person is opening an account which is not meant for minors then
one needs to uncheck the tab "If account to be opened in the name of a Minor, click here".: Public Provident Fund (PPF) Account: Revised
Interest Rates, Tax Benefits, Other DetailsThe customer then has to choose in which branch he or she wants to open the PPF account by
The five-digit branch code can be found online by clicking on branch locator link given below the tab.After putting in branch code the
customer will be asked to put in the names of nominees
A maximum of five nominees can be added for a PPF account and their details can be added online by assigning the percentage of total share a
PPF account holder wants to nominate.After submitting, the page would say your application has been successfully submitted with a reference
number.: Post Office Public Provident Fund (PPF) Account: Interest Rate, Tax Benefits, Key FeaturesBy clicking on Print PPF Application tab
the reference number for the application will appear and by clicking that reference number the form will be downloaded.After downloading the
form, one needs to print and fill the form and submit it at the branch within the 30 days along with KYC documents
Aadhaar and PAN Card are mandatory for opening a PPF account.
