If you want to deposit a huge amount for your future, then you can invest in PPF scheme for 25 years. Talking about the investment limit, you can easily invest more than Rs 1 crore in this scheme.
At present, those investing in PPF are getting huge benefits. If you are also thinking of investing somewhere, then this can become a great option for you. Because one gets good interest on investment in it. This is a long term investment plan.
If you want to deposit a huge amount for your future, then you can invest in PPF scheme for 25 years. Talking about the investment limit, you can easily invest more than Rs 1 crore in this scheme.
The government gives interest at the rate of 7.1 percent on investment in PPF. To invest in PPF, it is very important for you to have a PPF account. To open it, you can go to any bank or post office.
SBI is providing great facilities
At the same time, the country’s largest bank SBI is providing great facilities to the people. The bank is providing the facility to PPF account holders to open PPF account online from home.
For this, it is very important to do KYC of their savings account. PPF account can be opened only after KYC of the bank account. Let us know about the process of opening PPF account in the bank.
Know what is the easy process
- To open a PPF account in SBI, you will have to login to the online website or app.
- After this you will have to select the option of Request and Inquiry.
- Now you can select New PPF Account from the dropdown menu below.
- After this a new page will have to open. Here you will have to fill the PAN card information.
- Now you have to fill the code at the bank branch where you have to open your PPF account.
- Now you have to fill all your personal details and click on Next.
- After this, tick the box and click on submit.
- Now the form will be shown to you on a new page which you will have to download.
- After this, download the form from PPF online application and process of doing KYC in the bank within 30 days.
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