How much is the interest rate of State Bank of India (SBI) on Public Provident Fund (PPF) Scheme account ?

Public Provident Fund (PPF) Scheme is one of the saving account Scheme .

Public Provident Fund (PPF) Account:

Rate Of Interest –
8.70% per annum .
Interest will be paid on 31st March every year. Interest is calculated on the minimum balance.

Eligibility –
Individuals

Investment Limits –
Minimum of Rs.500.00
Maximum of Rs.1.50 lac per annum

Duration of Scheme –
Original duration :15 years.

SBI PPF account features and benefits
Nomination Facility
Tax benefits applicable on SBI PPF scheme
Loans and withdrawals against SBI PPF account
Transfer of SBI PPF Account

Documents required to open SBI PPF Account

Duly filled PPF account opening form
Proof of identity.
Proof of residence
Couple of passport size photographs

Contact :
State Bank of India
1800 425 3800