Managing your Public Provident Fund (PPF) standing instructions via SBI Online is a hassle-free way to automate deposits. Here’s a simple guide to view or cancel PPF standing instructions on SBI’s internet banking platform, complete with visuals for clarity.
What is a PPF Standing Instruction?
A standing instruction automates transfers from your SBI savings account to your PPF account on a set date. This ensures you never miss a deposit and earn consistent interest.
(Related post: How to Open a PPF Account in SBI Online)
Before You Begin: Prerequisites
- An active SBI savings account with internet banking access.
- PPF account linked to your SBI savings account.
- Registered mobile number for OTP verification.
(Related post: How to Link PPF Account to SBI Savings Account)
How to View PPF Standing Instruction in SBI Online
Follow these steps to check your active PPF standing instructions:
Step 1: Log in to SBI Online
- Visit SBI Online and enter your username and password.
- Complete the two-factor authentication (OTP or profile password).
Step 2: Navigate to Standing Instructions
- Go to “eServices” > “Standing Instructions” > “View/Delete Standing Instructions”.
Step 3: Select PPF Account
- Choose your PPF account from the dropdown list.
- Click “View” to see details like amount, frequency, and next deduction date.
- (Related post: How to Check PPF Balance in SBI Online)
How to Cancel PPF Standing Instruction in SBI Online
To stop automated PPF deposits:
Step 1: Access Standing Instructions
- Repeat Steps 1-2 above to reach the “View/Delete Standing Instructions” page.
Step 2: Delete the Instruction
- Select the PPF standing instruction and click “Delete”.
- Confirm the cancellation using OTP or profile password.
Step 3: Verify Cancellation
- A success message will appear. Check your registered email/SMS for confirmation.
(Related post: SBI Net Banking: 10 Must-Know Features)
Important Tips
- Cancellation takes 1-2 working days to reflect.
- Ensure sufficient balance until the instruction is fully canceled.
- You can set up a new standing instruction anytime under “Create Standing Instruction”.
FAQs
Q1. Is there a charge for canceling a standing instruction?
No, SBI does not levy fees for deleting standing instructions.
Q2. Can I reactivate a canceled PPF standing instruction?
No, you’ll need to create a new instruction.
Q3. What’s the minimum amount for PPF standing instructions?
The minimum deposit is ₹500 per financial year.
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Conclusion
With SBI Online, managing PPF standing instructions is quick and secure. Whether you want to check deposit details or stop automated transfers, follow this guide to stay in control of your investments.