Saturday, April 23, 2011

SBI PPF Account Interest Rates & Loans

SBI PPF Account Interest Rates & Loans : The interest rates keep on changing from time to time as per the Government announcement. At present, the current rate is 8% and the interest is compounded yearly. PPF Account Loan can be obtained upto 25% of the available balance on completion of the 1st financial year from 3rd to 6th year. Thus, 2nd loan can be obtained on bill of the 1st loan.

Complaints can be registered via touch screen device available at the branches for the customer response. PPF Rules states that the customer can discontinue with the account anytime, but the repayment of the interest will be made after 15 years since the year on which the account was opened. It is advisable for the customers to use PPF Calculator in order to calculate the maturity value. The calculator is an easy and a simple task to find out the amount of maturity value. The account number is obtained as soon as the registration process is over.

Related Post:

No comments:

Post a Comment