Best Bank To Open Ppf Account In India

You can choose ppf accounts at private sector banks on.

Best bank to open ppf account in india.

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. For your information ppf accounts were handled only through post office which limits the number of users to. The application form must be submitted. A number of banks in india offer the facility of opening ppf accounts.

We have compiled a list of banks offering ppf account services where you can easily transfer money to your ppf account. Ppf account offers tax benefits under section 80c upto a maximum of rs 1 5 lakhs only. State bank of india or sbi ppf account. The documents required to open a ppf account is mentioned below.

The state bank of india and its state branches icici bank bank of baroda idbi bank ubi union bank of india canara bank axis bank and indian bank are a few to name. Investing in ppf is now feasible accessible to individual due to flexible government policy which allows few banks to handle ppf accounts. The same can also be achieved via net banking. After a few weeks you can check with your new bank to see if the account has been successfully transferred.

With icici bank opening a ppf account is simple and instant. Public provident fund ppf account can be opened by resident indian individuals and individuals on behalf of minors. You will have to submit the relevant and desired documents the initial amount and will also have to fill and submit the relevant form for the purpose. There is no option to open the ppf account online.

Keep in mind that not all the branches of these banks are. One can open a ppf account in bank of india by getting the account opening form nomination form and pay in slip. List of banks offering ppf account opening facility. 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.

Recently hdfc bank a popular bank is authorized to open ppf accounts. Individuals can open a ppf account at banks or at post offices. If you are an existing customer. All the forms have to be submitted along with other documents required by the bank.

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. Online ppf account can now be opened instantly for existing customers.