SBI PPF Calculator 2018-19 | SBI PPF Account

SBI PPF Interest Rate

Current SBI PPF interest rate is 7.1%. (Effective from Jul 1st, 2023)

State Bank of India (SBI) PPF Account

PPF or Public Provident Fund is one of the Scheme introduced by the National Savings Organization in 1968 to increase small savings. In India, State Bank of India is the most popular public sector bank. Since, SBI is one of the most trusted bank in Indian banks so the certainty of safety comes along too with the SBI PPF scheme. The PPF scheme from SBI offers beneficent returns on the invested money.

Currently, the PPF account can be opened in any of the nationalized bank or post offices. In earlier it was just obtained only in post offices so it was tedious to maintain but now a days it's easy to maintain in bank than post offices. SBI provides online deposit facility for PPF account.

Use of SBI PPF Calculator

SBI PPF Calculator is an easy way to calculate PPF related calculations online. This tool will be helpful to you if you are saving/investing money under PPF scheme. You can estimate earned interests, maturity amount over the period or can estimate how your investment grows over the years. You need to just enter deposit amount and select term of deposit and it will calculate your invenstment grow for next 15 financial years.

Benefits of SBI PPF Account

• SBI PPF scheme offers income tax benefits. The interest earned is totally exempt from income tax under section 88 of the Income Tax Act. The outstanding PPF amount for customers is also fully exempt from wealth tax payment.
• You can avail Loans and withdrawals against SBI PPF account
• You can transfer your PPF Account from other banks and post office to SBI bank.
• SBI PPF account can be transferred to another SBI branch or other banks.
• SBI PPF scheme provides nomination facility as well as nomination can be made in terms of the number of PPF shares too.

Current Features of SBI PPF Account

• SBI PPF Scheme Duration : 15 Years.
• SBI PPF Interest Rate : 7.1% (effective from Jul 1st, 2023)
• Maximum number of PPF Account for one Person : Only One Account
• Minimum SBI PPF amount per year : Rs.500 per annum
• Maximum SBI PPF amount per year : Rs. 1,50,000 per annum

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