How To Check SBI PPF Balance Online: Do It In Seconds, Here is Step By Step Guide

If you are an investor, it is important to know how to check SBI PPF balance online. The method is simple and takes no time. This method makes it easy to track Public Provident Fund savings. Here is a step by step guide to checking your SBI PPF balance online.

Public Provident Fund (PPF) is a long-term savings scheme started in 1968 by the Ministry of Finance. It allows individuals to save taxes and earn interest over a period of 15 years (you can extend it for a batch of 5 years indefinitely). You can deposit between Rs.500 to Rs.1.5 lakh per year - you have to pay a penalty if you don't make at least one deposit in a year. At the end of the 15-year term, you can extend it in 5-year blocks. This extension scheme means that you will have built up a substantial retirement sum.

The government decides the interest rate every quarter, and since April 2020, it has been 7.10% per annum. PPF allows loans and withdrawals under specific conditions, provides tax benefits (under the old scheme), and offers a nomination facility. If necessary, you can transfer your PPF account from one bank or post office to another free of cost.

If you have an SBI PPF account, you can find out your balance in multiple ways — online as well as offline. Here is a step-by-step guide on how to check your SBI PPF balance online.

1. Online via SBI Net Banking

Log in to the SBI online portal using your username and password.

Look for your PPF account on the dashboard and click on it.

Under the 'Click Here for Balance' tab, your balance will be displayed.

You can also view your last 10 transactions or the details of matured and closed accounts.

 2. Through the YONO App

Download and install the SBI YONO app from the Play Store.

Login with net banking username and secure mPIN.

Visit the 'My Deposits' page to view your PPF account and balance.

3. Offline Methods

Visit the nearest SBI branch and enquire about your PPF balance.

4. Missed Call/SMS

To get your balance details via SMS, give a missed call on 9223766666 or send ‘BAL’ to the same number.

These simple methods make it quick and hassle-free to track your PPF savings.