Best Bank To Open Ppf Account

The same can also be achieved via net banking.

Best bank to open ppf account.

Individuals can open a ppf account at banks or at post offices. There are some banks that have taken time to get the approval. Being an an ex sbi po one might accuse me of doing a bias. You can open an account with any nationalized bank state bank of india sbi punjab national bank centeral bank of india or post office or some authorized private banks icici bank hdfc bank axis bank etc a minimum yearly deposit of rs.

The application form must be submitted. But before that just read my post what is the future of sbi po. 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.

The documents required to open a ppf account is mentioned below. For your information ppf accounts were handled only through post office which limits the number of users to. Recently hdfc bank a popular bank is authorized to open ppf accounts. Coming back to the question indeed sbi is the best bank to open your ppf acc.

500 is required to open and maintain a ppf account. You can choose ppf accounts at private sector banks on. Requirements to ppf account in bank and post office.