If you want to make your future safe and prosperous, SBI PPF Scheme can be a great option. This scheme not only gives you safe returns in long periods, but also gives tax benefits. In this article, we will explain in detail about the SBI PPF Scheme and also explain how you can achieve your financial goals by taking advantage of this scheme.
SBI PPF Scheme is a government -backed scheme that helps you accumulate funds in long periods through regular savings. Investing in this scheme not only gives you guaranteed returns, but also gives tax benefits. Let us know how this scheme works and what are its benefits.
SBI PPF Scheme overview
Before knowing about SBI PPF Scheme, let’s see its main features:
| Speciality | Description |
| Minimum investment | ₹ 500 per year |
| Maximum investment | ₹ 1.5 lakh per year |
| Interest rate | 7.1% per year (annual compound) |
| Duration | 15 years (expandable in 5 years block) |
| tax benefits | Tax free under Section 80C of Income Tax Act |
| Partial withdrawal | Permission after 7 years |
| loan facility | Available between 3 and 6 years |
| Pre -existing off | Permission in special circumstances |
Benefits of SBI PPF Scheme
There are many benefits of investing in SBI PPF scheme:
- Guarantee Return: This scheme is government supported, which gives you a guaranteed return.
- Tax Benefits: Investment, interest and maturity amounts are all tax -free.
- Long -term savings: This scheme helps you accumulate funds over the long term.
- Partial withdrawal and debt facility: There is also a partial withdrawal and loan taking facility if required.
- Enrollment facility: You can nominate your family members.
How to invest in SBI PPF scheme?
Investing in SBI PPF scheme is very easy. You can apply online by visiting SBI website or you can apply offline by going to any SBI branch. Apart from this, you can also use SBI’s mobile app.
Investment strategy
If you invest regularly in SBI PPF scheme, you can store money over the long term. For example, if you invest ₹ 1000 per month, your investment can reach ₹ 3.25 lakh in 15 years.
Important things
- Regularity of investment: Regular investment can give you better returns in a longer period.
- Tax Benefits: This scheme is tax -free, which saves you taxes.
- Security: This scheme is government supported, which keeps your investment safe.
conclusion
The SBI PPF scheme is a safe and beneficial investment option, which helps you accumulate funds over the long term. Investing in this scheme not only gives you guaranteed returns, but also gives tax benefits. If you want to make your future safe and prosperous, the SBI PPF scheme can be a great option.
Dispute and reality
Now let’s talk about whether only 12,000 deposits will be received, 17 lakh rupees will be correct or not. Such claims are usually associated with SIP (Systematic Investment Plan) or other mutual fund schemes, where there is a possibility of high returns in long periods. But this is not the case in SBI PPF Scheme, as it is a government -backed scheme that provides guaranteed returns, usually 7.1%.
Disclaimer: This article provides information about SBI PPF Scheme, but keep in mind that only Rs 12,000 will be deposited, claims like Rs 17 lakh are usually related to schemes like mutual funds or SIPs, not SBI PPF Scheme. Be sure to consult your financial advisor before investing in SBI PPF Scheme.
