How To Extend SBI PPF Account For 5 Years Online 2024

Public Provident Fund (PPF) accounts have a maturity period of 15 years. After this, the account holder can withdraw the entire balance or extend the account for a further period of 5 years. The extension can be done with or without making further contributions.

If case you have a PPF account in SBI, you can easily extend your account online through the official net banking portal of SBI at onlinesbi.sbi.

The process is simple and only takes a few minutes.

In this article, you will get to know the following points about how to extend PPF in SBI,

Eligibility
Details required
Steps to extend PPF in SBI

Let’s see each of these points in detail.

Eligibility to extend SBI PPF Account For 5 Years

You will need to fulfill the following conditions to extend PPF in SBI,

You can extend your PPF account only once after it matures 15 years from the date of opening.
You can extend your PPF account for a block period of 5 years at a time.
You have to submit the application for extension within one year from the date of maturity.
You have to choose whether you want to extend your PPF account with or without making further contributions.
If you choose to extend your PPF account with further contributions, you have to deposit a minimum of Rs. 500 and a maximum of Rs. 1.5 lakh per annum in your PPF account.
If you choose to extend your PPF account without further contributions, you cannot deposit any amount in your PPF account.
If you do not submit an application form for extension within one year from the date of maturity, your PPF account will be deemed to be extended without further contributions by default.

Details required to extend SBI PPF for 5 years online

The list of documents and details you need to extend sbi PPF for 5 years online is,

SBI PPF account number
SBI Internet banking username and password

In case you have forgotten your Internet Banking details, you can find your username and reset your password online.

Steps to extend SBI PPF for 5 years online

To extend SBI PPF for 5 years online,

Step 1: Go to the official website of SBI Online

The SBI Online website homepage — SBI Online homepage

First, go to the official website of SBI Internet Banking at onlinesbi.sbi
Next, click on the ‘Login’ button under Personal Banking.
Next, click on the ‘Continue to Login’ button.
A new page opens up.

(Direct link to the page)

Step 2: Log in to your Internet Banking account

On the new page, enter your internet banking username and password in the specified fields.
Next, enter the captcha code and click on the ‘Login’ button.
An OTP will be sent to your registered mobile number.
Enter it in the specified field and click on the ‘Submit’ button.
You will be logged in.

Step 3: Open the ‘PPF Account Extension’ option

PPF Account Extension option on SBI online — The ‘PPF Account Extension’ option on SBI Online

On the new page, click on the ‘Deposit and Investment’ option.
Next, click on the ‘Public Provident Fund (PPF)’ option.
Next, click on the ‘PPF Account Extension’ option.
A new page will open up.

Step 4: Select your PPF account number

Now, select your PPF account number.
Next, click on the ‘Proceed’ button.
Another page with all the details for the extension will open up.

Step 5: Submit the SBI PPF account extension request

SBI PPF extension page — PPF account extension page

Next, tick the ‘Terms and Conditions’ box.
Next, click on the ‘Confirm’ button.
An OTP will be sent to your registered mobile number.
Next, enter the ‘OTP’ in the specified field.
Next, click on the ‘Submit’ button.

Your request will be submitted successfully. You will receive a confirmation SMS and email with your request details. You can also print or save your request confirmation slip for future reference.

By following these steps, you can easily extend your PPF account in SBI through the official SBI online portal for 5 years.

You can also check your PPF balance, and interest earned, and download your account statement or PPF payment receipt online through the official website of SBI at onlinesbi.com.