How to open a PPF account in SBI Online?

SBI currently allows you to partially complete the PPF account opening process online. The online SBI PPF account opening system is at present available only to existing savings/current account holders. The following are key steps in the SBI PPF account opening process: Step 1: Log in to your SBI net banking or mobile banking account using the respective banking credentials

Step 2: Navigate to the “New PPF Account” link located under the “Requests & Enquiries” menu

Step 3: On the next screen, you will see a PPF form which needs to be filled

Step 4: After filling out the online PPF form, you will be provided with a reference number and a link to download and print the online filled out form Step 5: Now, you need to sign the applicable pages and visit your chosen SBI PPF account branch with self-attested copies of applicable KYC documents (PAN, Aadhaar, etc.) and passport size photographs to complete the account opening process The minimum initial account deposit amount of Rs. 500 also needs to be paid in cash/cheque at the time of account opening. Once your PPF account with SBI is up and running, you will receive an SBI PPF account passbook which details all credits and debits to the account and also contains key details such as PPF account number and branch code. How to open PPF account in SBI by visiting the bank? Follow the given steps to open your PPF account in SBI: Step 1: Visit any SBI branch which is authorized to open PPF accounts for its account-holders Step 2: Fill, sign, and submit the PPF account opening form- Form A, which is available at the branch. Also, attach the applicable KYC documents and photographs along with the form Step 3: The minimum initial deposit amount of Rs.500 needs to be paid in cash/cheque at the time of account opening PPF Interest Rates 2020 The PPF account interest rate is uniform across all banks and post offices operating the scheme. The SBI PPF account interest rate is subject to change every quarter as per announcements made by the Ministry of Finance. For Q3 of FY 20-21, the PPF interest rate has been fixed at 7.1% per annum. The following are the historic PPF account interest rates: Time Period Interest Rate (per annum) Q3 FY 2020-21 7.1% Q2 FY 2020-21 7.1% Q1 FY 2020-21 7.1% Q4 FY 2019-20 7.9% Q3 FY 2019-20 7.9% Q2 FY 2019-20 7.9% Q1 FY 2019-20 8% Q4 FY 2018-19 8% Q3 FY 2018-19 8% Q2 FY 2018-19 7.6% Q1 FY 2018-19 7.6% Q4 FY 2017-18 7.6% Q3 FY 2017-18 7.8% Q2 FY 2017-18 7.8% Q1 FY 2017-18 7.9%