Public Provident Fund At SBI: How To Open A PPF Account Online Via YONO SBI App

Public Provident Fund commonly referred to as PPF account is among the safest and most dependable investment available for the Indian investors. It holds tax advantages and offers PPF interest rate that is competitive compared to many other financial products. Whether it is a retirement plan that requires slow accumulation of wealth or one that seeks an investment that requires steady accumulation of wealth without much risk, PPF account offers a perfect opportunity.

Step-by-Step Guide to Opening a PPF Account Online through the YONO SBI App?

- Download the YONO SBI App from the Google Play Sore / App Store.

- Log in to your account using your credentials and ensure that your KYC details are up to date.

- Navigate to the 'Investments' section in the main menu of the app.

- Select 'PPF Account' to initiate the process.

- Choose your preferred branch and add nominee details (up to four nominees).

- Set up monthly standing instructions for contributions (optional)

- Review the details, then acknowledge and accept the Terms and Conditions.

- Enter the OTP sent to your registered mobile number to proceed.

- Your PPF account is successfully created. Fund it immediately to activate.