SBI PPF Latest interest Rate: Big news! SBI gives the highest interest on Public Provident Fund, know interest and benefits

in #state2 years ago

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.

Recently, the facility of PPF account has been started by the State Bank of India for the people of the country. If you want to secure your future completely, then SBI PPF Account is the best option for you. Because by opening this account, you also get many benefits, which we will know in further detail.

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, 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 Aadhar card.