PPF Account: A Safe Investment to Save Tax & Earn Guaranteed Returns – Now Open via YONO SBI

Ganpat Singh Chouhan

If you’re looking for a secure investment option that offers tax benefits and guaranteed returns, the Public Provident Fund (PPF) remains one of the best long-term saving schemes in INDIA. Backed by the Government of India, PPF provides a combination of risk-free returns, tax savings, and financial stability, making it a top choice for conservative investors.

What is the Public Provident Fund (PPF)?

Launched to promote savings habits among Indian citizens, the PPF scheme is a 15-year investment plan that allows individuals to deposit anywhere between ₹500 to ₹1.5 lakh per year. It is ideal for those who wish to build a secure financial corpus without exposure to market fluctuations.

Investments made in a PPF account qualify for tax deduction under Section 80C of the Income Tax Act, up to a maximum limit of ₹1.5 lakh per annum. Moreover, the interest earned and maturity amount are also tax-free, offering a complete EEE (Exempt-Exempt-Exempt) benefit.

Why Choose PPF for Investment?

Safe & Government-backed: Since PPF is a government-sponsored scheme, your money remains safe from market volatility.
Guaranteed Returns: Currently, PPF offers an annual interest rate of 7.1%, reviewed quarterly by the Ministry of Finance.
Long-Term Wealth Building: The 15-year lock-in ensures disciplined saving, and the account can be extended in blocks of 5 years after maturity.
Diversification Tool: Ideal for diversifying your investment portfolio by balancing riskier assets with a stable instrument.

How to Open a PPF Account Easily via YONO SBI

Opening a PPF account has become easier than ever. Now, you can do it online through the YONO SBI app without visiting the branch. Here’s what you’ll need:

Required Documents

Duly filled PPF account opening form
KYC documents (Aadhaar, Voter ID, Driving License, etc.)
Address proof
Passport-size photograph
Nominee declaration (can be added during or after opening the account)

Key Points to Note

Only one PPF account per individual is allowed.
Joint PPF accounts are not permitted, even between spouses.
You can extend the tenure multiple times in 5-year blocks after the initial 15-year period.
PPF accounts can also be opened at post offices and authorized banks, apart from online platforms.

Final Thoughts

Whether you’re a salaried professional, self-employed, or a homemaker, the PPF scheme offers unmatched benefits for securing your financial future. With tax-free returns, fixed interest, and no risk, it serves as a strong foundation for any long-term investment plan. And with platforms like YONO SBI, starting your journey has never been easier.

Author Profile

Ganpat Singh Chouhan: My name is Ganpat Singh Choughan. I am an experienced content writer with 7 years of expertise in the field. Currently, I contribute to Daily Kiran, creating engaging and informative content across a variety of categories including technology, health, travel, education, and automobiles. My goal is to deliver accurate, insightful, and captivating information through my words to help readers stay informed and empowered.