| Published: Tuesday, July 14, 2020, 16:52 [IST] Public Provident Fund (PPF), the popular savings-cum-tax benefit investment instrument in India has been a long favourite among risk-averse investors due to its safe nature. The high-interest rate with tax-free returns is the major attraction of this long-term product. With a 15-year long investment period, it becomes necessary for the investor to keep checking for their PPF account balance. Apart from maintaining investment discipline, keeping a note of the deposits already made allows subscribers to make timely payment so as to keep the account active. Note that investors need to contribute an amount, that is minimum of Rs 500 and a maximum of Rs 1.5 lakh each financial year, to keep their PPF account One can do so online as well as offline depending on the institution they hold the PPF with- that is at a bank or the post office.
This Blog is For Sale
The process to check pf balance online withdrawals of ppf account
October 22 , 2020 |4 Comments
How To Check Ppf Account Balance Online
Making use of a bank’s online facilities is the most convenient way to check one’s account balance. These online facilities are available 24×7 and have streamlined the process of checking account balance to make it more efficient. However, individuals should note that the service to check PPF balance online is available for only those who have opened their PPF accounts at a bank. Additionally, they also need to link their previously existing savings account with the bank to the PPF account, to avail the facility of checking PPF balance online. Following is the process to check account balance online – * Individuals should ensure that they have activated the internet banking facilities for their linked bank account. * They will then have to log in to the PPF account portal of their respective bank using their username and password. * After logging in, they will find the details related to their PPF account and savings accounts. * Individuals need to select the PPF account tab and can easily check their account balance from there. Through this online facility, people can also avail the facility of checking up to ten of their latest PPF account transactions. Additionally, they can also view all the particulars of their inactive, matured, closed and old PPF accounts under the same bank through the same online account. ## How to check PPF account balance online? The online PPF balance checking facility is available 24/7 for those who have an account with the bank. However, the savings account should be linked with the PPF account. Further, net banking services need to be activated for your If you haven't already activated net banking, you can do so online for a majority of the banks. You can easily login into your internet banking account and check for the PPF account balance and status. The user interface will vary from bank to bank. Online banking services also allow you to avail other related services like transfer of funds into the PPF account, account statement download, standing instructions for a contribution towards the account, submitting an application for a loan, etc. The account statement can provide a subscriber with the history of up to 10 last transactions. You can also see details related to any other old PPF account that you may have held with the bank.
The Process To Check Pf Balance Online Withdrawals Of Ppf Account
Checking Ppf Account Balance Online
Here are the conditions you should fulfill in order to check your PPF account * In order to check your PPF account balance online, you have to link your PPF account with your bank savings account and also apply for internet banking facility for the same. * In order to link the accounts, the savings bank account and PPF account might have to be from the same bank. * Transfer of funds is also possible from the savings bank account to the PPF account. Standing instructions can also be given to the bank for the transfer of funds to the PPF account to make sure that no payments are missed. * The registration process for net banking is simple. You will need to request the bank for a username and password. Various other facilities such as payment of bills, applying for loans, viewing the statement, and transfer of funds is also possible by registering for net banking. Apart from minimising the paperwork, registering for net banking helps in saving time and can be used from office or home. Here is the step-by-step guide to check your PPF account balance with State Bank of India (the procedure is the same for most banks): * Log in to the SBI PPF account portal using your username and password under the 'personal banking' tab. * Upon logging in, you can see your savings account and your PPF account on the dashboard. * Click on your PPF account to check for PPF balance. The balance amount will appear when you click on 'Click Here For Balance' tab. * You have the option to check the last 10 transactions made using your PPF account. * You can also view the details of old/closed/matured/inactive PPF accounts with the same bank by clicking on 'Click here to view the details of Matured/Closed Accounts'. * You can see balances of all the accounts by clicking on 'View All Balance'.
Checking Ppf Balance Online
Ppf Balance How To Check Ppf Account Balance Online Offline
PPF or Public Provident Fund is a savings-cum-tax saving investment scheme introduced in the year 1968, by the National Savings Institute of India’s Ministry of Finance. The foremost aim of the scheme is to mobilise small savings from an individuals’ income and in turn invest it into a scheme that provides guaranteed returns and tax benefits under Income Tax Act, 1961. The interest accumulated in PPF enables individuals to build a savings corpus that can help to cover their expenses post-retirement. However, due to the nature of this investment, it is crucial for individuals to check their PPF account and keep track of their PPF account balance periodically. Checking the balance of Public Provident Fund is simple, especially with the newly introduced online facilities.
Share this post:
BlogNiche.com
Professional niche blogs with track record over 1M+ blog posts, Still counting.
Connect: View All Posts
0 replies