Don’t worry buddy I will tell you easy way to make Public Provident Fund (PPF) online payment through online medium facility started by State Bank Of India.

I’ telling you way to make payments
The State Bank Of India offers you the convenience of viewing your Public Provident Fund (PPF) Account balance, transferring funds from linked savings account online and viewing your Public Provident Fund (PPF) account statement online in your SBI Net Banking Account.

Eligibility for this account
Individuals in their own name as well as on behalf of a minor can open the account at any Branch. As per extant instructions, opening of PPF accounts in the name of Hindu Undivided Family is not permitted.

Investment Limits
With effect from August,2014 a minimum of Rs.500.00 subject to a maximum of Rs.1.50 lac per annum may be deposited.

The subscriber should not deposit more than Rs.1.50 lac per annum as the excess amount will neither earn any interest nor will be eligible for rebate under Income Tax Act.

The amount can be deposited in lump sum or in a maximum of 12 installments per year.

Rate Of Interest
8.70% per annum with effect from 01.04.2013. Interest will be paid on 31st March every year. Interest is calculated on the minimum balance between 5th day and end of the month.

Nomination –
Nomination facility is available in the name of one or more persons. The shares of nominees may also be defined by the subscriber.

Address:-
State Bank Of India
3rd Floor, G Block, Synergy Buidling, Bandra Kurla Complex-Bandra East, Mumbai - 400051, Behind National Stock Exchange

Phone:-
+(91)-80-26599990
18004253800,1800112211