Top News

SBI PPF Account: Often people look for such investment options which give them maximum returns and also keep their investment safe. If you are also thinking of investing then you can start investing in SBI's PPF scheme. You will get a strong return by investing in it. If you invest Rs 2500 every month in this scheme, then you will get a return of Rs 8 lakh. Let us give you complete information about it.



You will get this much interest in PPF scheme

Interest rates are changed from time to time and then the benefit of returns along with the new interest rates is given to the customers. Currently, the State Bank of India has fixed 7.1 percent annual interest rate on the PPF scheme by the government for the year 2024 - 2025.


How to invest online and offline

If you want to invest in this scheme of State Bank, then you can take the help of online or offline investment. In offline, you will have to go to the bank and open your account and invest in it. Apart from this, to invest online, you can take the help of internet banking or mobile banking of State Bank of India. To invest in PPF scheme online, it is necessary to have a savings account of State Bank.



If you invest Rs 2500 in this scheme, then you will get this much return

If you invest Rs 2500 every month in this scheme, then at the time of maturity, you are given a return of Rs 8,13,642 by the bank. By investing Rs 2500 every month, your one-year investment is Rs 30000 and in a time period of 15 years, you will have to invest a total of Rs 4,50,000 in this scheme. Now you get the benefit of strong interest rate and compounding on this. After this, the return you get on maturity, from which your interest income is Rs 3,63,642 and the rest of the money you invested is included in it.




Who can invest in this scheme?

If you are 18 years old, you can invest in this scheme. Although investment can be made in this scheme in the name of a child aged 10 years or more, but in this the child is given the benefit of interest rate same as savings account. When the child turns 18 years old, he again gets the benefit of interest rates available in PPF scheme.