PPF (Public Provident Fund) is a popular small savings scheme with a tenure of 15 years, offering good returns and government guarantee
PPF accounts can be extended for 5 years after the initial 15-year tenure
Account Extension
Opening a PPF account with State Bank of India (SBI) is now possible online, eliminating the need to visit a bank branch
Opening a PPF Account with SBI
To open a PPF account with SBI, link your SBI savings account with your Aadhaar card number
Linking SBI Savings Account and Aadhaar Card
Ensure that your registered mobile number is linked with your Aadhaar card and has OTP activation
Registered Mobile Number and OTP Activation
With a linked SBI savings account, Aadhaar card, and OTP activation, you can easily open a PPF account online
Easy PPF Account Opening Process
Access the SBI online portal through the link www.onlinesbi.sbi and log in to your account
Logging into SBI Online Account
In your SBI online account, click on the "request and enquiries" option located at the top right corner
Navigating to Request and Enquiries
From the dropdown menu, select the "New PPF Accounts" link
Selecting New PPF Accounts
Enter your name, address, PAN card, CIF number, branch details (if applicable), and nominee details. Submit the application
Providing Details and Submitting Application
Note down the reference number, download the application, and submit it along with photos and KYC documents to your nearest branch within 30 days
Final Steps and Document Submission
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