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.

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. There are some banks that have taken time to get the approval. 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. There is no option to open the ppf account online.

A number of banks in india offer the facility of opening ppf accounts. Central bank of india. All the forms have to be submitted along with other documents required by the bank. State bank of india or sbi ppf account.

We have compiled a list of banks offering ppf account services where you can easily transfer money to your ppf account. With icici bank opening a ppf account is simple and instant. For your information ppf accounts were handled only through post office which limits the number of users to. 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.

Online ppf account can now be opened instantly for existing customers. Ppf account offers tax benefits under section 80c upto a maximum of rs 1 5 lakhs only. Recently hdfc bank a popular bank is authorized to open ppf accounts. 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. The same can also be achieved via net banking. If you are an existing customer. 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.

The documents required to open a ppf account is mentioned below. List of banks offering ppf account opening facility. 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. Public provident fund ppf account can be opened by resident indian individuals and individuals on behalf of minors.

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. The application form must be submitted.