Best Bank To Open Ppf Account In India

A number of banks in india offer the facility of opening ppf accounts.

Best bank to open ppf account in india.

Online ppf account can now be opened instantly for existing customers. The same can also be achieved via net banking. Once your new bank receives the document you will be asked to submit an account opening form along with the old ppf passbook you held at the previous bank. One can open a ppf account in bank of india by getting the account opening form nomination form and pay in slip.

With icici bank opening a ppf account is simple and instant. All the forms have to be submitted along with other documents required by the bank. The application form must be submitted. Central bank of india.

Since the state bank of india is the largest indian commercial bank many people prefer opening a ppf account in sbi as investors would find more branches of the bank across the nation. For your information ppf accounts were handled only through post office which limits the number of users to. You can open a ppf account online at the nationalized public sector banks in india at the post offices and at other financial centres like the private banks. Ppf account offers tax benefits under section 80c upto a maximum of rs 1 5 lakhs only.

Public provident fund ppf account can be opened by resident indian individuals and individuals on behalf of minors. Earlier opening a ppf account was allowed only at nationalised banks however private banks such as axis hdfc and icici bank also offer the ppf scheme. After a few weeks you can check with your new bank to see if the account has been successfully transferred. If you are an existing customer.

Investing in ppf is now feasible accessible to individual due to flexible government policy which allows few banks to handle ppf accounts. Recently hdfc bank a popular bank is authorized to open ppf accounts. Keep in mind that not all the branches of these banks are. You can choose ppf accounts at private sector banks on.

There are some banks that have taken time to get the approval. We have compiled a list of banks offering ppf account services where you can easily transfer money to your ppf account. Individuals can open a ppf account at banks or at post offices. State bank of india or sbi ppf account.

There is no option to open the ppf account online. List of banks offering ppf account opening facility.