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