How To Link Aadhaar With PPF To Secure Your Retirement Plan?

The Government of India's Public Provident Fund (PPF) is a retirement savings plan that aims to provide everyone with a secure post-retirement existence. Every financial year, the account requires a minimum deposit of Rs.500 and a maximum deposit of Rs.1.5 lakh. You can claim income tax advantages on the amount you invest in the account, in addition to providing retirement savings.

For the January-March quarter of FY 2021-22, the government has chosen to maintain interest rates for small savings programs or post office schemes constant. The current yearly compounded interest rate is 7.1% per annum. The Finance Ministry determines the annual interest rate, which is due on March 31st. Every month, interest is computed on the lowest balance between the fifth and final days of the month.

A PPF account can be opened at any Post Office or any nationalized bank, such as the State Bank of India (SBI) or the Punjab National Bank (PNB), among others. Even private banks such as HDFC, ICICI, and Axis Bank, among others, are now permitted to provide this service.

Here's how subscribers can link PPF account with Aadhaar online in 5 easy steps:

Step 1: Log on to your internet banking account.
Step 2: Click the 'Aadhaar Number Registration in Internet Banking' option.
Step 3: Enter your 12-digit Aadhaar number therein and click on 'Confirm'.
Step 4: To link the PPF account to the Aadhaar number, choose it and click Finish.
Step 5: To see if the Aadhaar linking request has been completed, go to the homepage and choose the 'Inquiry' option.