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Sbi ppf account opening online

Sbi ppf account opening online

How to open PPF account with SBI and that’s just in 3 steps.

Step 1 – Locate the nearest authorised SBI branch:

To open PPF account, first you need to find the nearest SBI branch. Remember, only selected branches of SBI has the facility to offer PPF account. With the SBI branch locator you can find nearest branch.

Step 2 – Fill up Account Opening Form and submit ID & address proof:

You can get the PPF account opening from at the authorised branch which is very much simple and self explanatory to fill up. Once the account opening form has been filled up you need to submit the copy of self attested ID and address proof. See the details of accepted documents;

Any one of the following documents can be used as Identity Proof
1. Copy of Pan card
2. Copy of Passport
3. Copy of Voter ID
4. Copy of Driving license

One of the following documents can be used as Address Proof
1. Copy of Passport
2. Copy of Telephone Bill
3. Copy of Ration card

Along with the above documents you need to provide 2 passport size photographs. Make sure you carry originals of the respective ID and address proof to be verified by the bank official.

Step 3 – Get the PPF Passbook:

After verification of all the documents and putting required initial amount of deposit your PPF account will be opened and you will receive your PPF Account No as well as PPF Account Passbook. This passbook would contain all the details regarding your PPF transactions.

How to contribute further in PPF account:

For your information, in PPF account you can invest minimum Rs. 500 and maximum Rs. 1,00,000 in a particular financial year. Do note, you can contribute maximum 12 times to your PPF account not exceeding Rs. 1,00,000 in total for any particular financial year.

For additional contributions into your PPF account with SBI is possible in both offline as well as online mode.

For Offline Contribution: You can visit to any branch of SBI and fill up the pay-in- slip with the required amount of contribution to be done and submit at the counter. Do not forget to carry your PPF passbook which you can update once the amount is deposited. Contributions can also be done through account payee cheque to the PPF account.

For Online Contribution: For online transaction into PPF account you can not only use you SBI account but also any non-SBI account having the facility to link SBI PPF account within them.

If your SBI account and PPF account are in the same branch then no problem, the details of your PPF account will be automatically linked to the bank account and you can not only view the account details but also transact online with no processing charge. Do not worry if your bank account and PPF account are of two different branches, you can still add your PPF account to your bank account for all future transactions.

Sbi ppf account opening online

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