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SBI PPF Account Online - Tax Saving

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PPF Online

 

State Bank of India PPF account also provides stress free and convenient way of operating the account as it also offers online services. Now the deposits can be made in the account without even standing in the long queues. Online transactions can be easily done by registering with SBI for the same. The account status can be checked online and even funds can be transferred from savings account to PPF account just like any other bank account.

Important points to be considered:-

  • An individual is allowed to open only a single PPF account in his name. If an individual has 2 PPF accounts, then the second account will be closed and entire amount invested will be refunded back to the account holder without any interest.
  • A PPF account cannot be opened in a joint name and it can be opened only in name of an individual. However a nominee can be appointed for this account who receives the money in case of death of account holder.
  • If no nominee has been appointed by the account holder, then the amount will be transferred to legal heirs on death of the individual.
  • An individual can also open PPF account in the name of his children or minor of whom he is the guardian.
  • An individual cannot appoint nominees in case of accounts opened on behalf of a minor.
  • The first withdrawal from the account is permissible after completion of five years from the end of the year in which initial subscription was made. The amount that can be withdrawn is fifty percent of the amount that was available in the account at the end of fourth year from the year of withdrawal or at the end of preceding year whichever is less.

 

 

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Best Performing Mutual Funds

    1. Largecap Funds             Invest Online
      1. DSP BlackRock Top 100 Fund
      2. ICICI Prudential Focused Blue Chip Fund
      3. Franklin India Bluechip
      4. ICICI Prudential Top 100 Fund

B. Large and Midcap Funds         Invest Online

      1. ICICI Prudential Dynamic Plan
      2. HDFC Top 200 Fund
      3. UTI Dividend Yield Fund
      4. Birla Sun Life Front Line Equity Fund
      5. Franklin India Prima

C. Mid and SmallCap Funds          Invest Online

      1. Reliance Equity Opportunities Fund
      2. DSP BlackRock Small & Midcap Fund
      3. Sundaram Select Midcap
      4. IDFC Premier Equity Fund
      5. Birla Sun Life Dividend Yield Plus
      6. SBI Emerging Businesses Fund
      7. HDFC Mid-Cap Opportunities Fund
      8. ICICI Prudential Discovery Fund

D. Small and MicroCap Funds   Invest Online

      1. DSP BlackRock MicroCap Fund

2.       Franklin India Smaller Companies

E. Sector Funds          Invest Online

      1. Reliance Banking Fund
      2. Reliance Banking Fund
      3. ICICI Prudential Banking and Financial Services Fund

F. Tax Saver Mutual Funds      Invest Online

1. ICICI Prudential Tax Plan

2. HDFC Taxsaver

      1. DSP BlackRock Tax Saver Fund
      2. Reliance Tax Saver (ELSS) Fund

G. Gold Mutual Funds        Invest Online

      1. Relaince Gold Savings Fund
      2. ICICI Prudential Regular Gold Savings Fund
      3. HDFC Gold Fund
      4. Birla Sun Life Gold

H. International funds         Invest Online

1. Birla Sun Life International Equity Plan A

2. DSP BlackRock US Flexible Equity

3. FT India Feeder Franklin US Opportunities

4. ICICI Prudential US Bluechip Equity

5. Motilal Oswal MOSt Shares NASDAQ-100 ETF

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