Best Bank To Open Ppf Account

For your information ppf accounts were handled only through post office which limits the number of users to.

Best bank to open ppf account.

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. Coming back to the question indeed sbi is the best bank to open your ppf acc. Recently hdfc bank a popular bank is authorized to open ppf accounts. Being an an ex sbi po one might accuse me of doing a bias.

You can choose ppf accounts at private sector banks on. The documents required to open a ppf account is mentioned below. 500 is required to open and maintain a ppf account. 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 same can also be achieved via net banking. Requirements to ppf account in bank and post office. There are some banks that have taken time to get the approval. But before that just read my post what is the future of sbi po.

You will surely get things sorted out. Investing in ppf is now feasible accessible to individual due to flexible government policy which allows few banks to handle ppf accounts. 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.