PPF in SBI Bank

Hello sir I want to know about PPF in SBI Bank so here can you please give me its basic details ?

Hey as PPF Scheme is a statutory scheme of the Central Government under the provisions of the Public Provident Fund Act, 1968

Eligibility
A PPF account can be opened by resident Indian Individual only or individuals on behalf of minors. (Read More)
An individual can open only one PPF account.

Minimum Deposit-
Rs.500/- per annum in multiples of Rs.5/-

Maximum Deposit –
Rs.100000/- per annum

Period /Tenure of Deposit –
15 years
Rate of Interest –
8.1% per annum

Proof is required

Passport
Pan card
Driving license
Voter ID
Ration card

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Answered By StudyChaCha Member