The interest rate of SBI PPF Scheme is changed from time to time. State Bank of India is currently offering an interest rate of 7.1 percent per annum on the PPF scheme for 2024-2025.
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If you want to invest in this scheme you can invest online or offline. You can open your account offline by visiting the nearest State Bank branch.
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You can use State Bank of India internet banking or mobile banking to invest online. To invest in PPF scheme online you need to have a savings account with State Bank.
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If you invest Rs 2,500 per month in this scheme, you will get Rs 8,13,642 on maturity. If you invest Rs 2500 per month, the annual investment is Rs 30000. If this investment is made for 15 years, the total amount of deposit is Rs. 4,50,000.
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Get better interest rates on SBI Public Provident Fund (PPF) schemes. In this scheme, the interest income on maturity will be Rs. 3,63,642. You will also get this as profit along with the invested money.
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If you are 18 years old, you can invest in State Bank PPF Scheme. Children aged 10 years and above can also invest in this scheme. Savings account interest rate till age 18. After 18 years of age, you will get interest rate of PPF scheme.
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