Best Bank To Open Ppf Account In India

Keep in mind that not all the branches of these banks are.

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. 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. After a few weeks you can check with your new bank to see if the account has been successfully transferred.

A number of banks in india offer the facility of opening ppf accounts. There is no option to open the ppf account online. 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. 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.

List of banks offering ppf account opening facility. We have compiled a list of banks offering ppf account services where you can easily transfer money to your ppf account. 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. Public provident fund ppf account can be opened by resident indian individuals and individuals on behalf of minors.

All the forms have to be submitted along with other documents required by the bank. Ppf account offers tax benefits under section 80c upto a maximum of rs 1 5 lakhs only. With icici bank opening a ppf account is simple and instant. There are some banks that have taken time to get the approval.

Investing in ppf is now feasible accessible to individual due to flexible government policy which allows few banks to handle ppf accounts. The application form must be submitted. State bank of india or sbi ppf account. Individuals can open a ppf account at banks or at post offices.

If you are an existing customer. For your information ppf accounts were handled only through post office which limits the number of users to. You can choose ppf accounts at private sector banks on. Central bank of 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. Recently hdfc bank a popular bank is authorized to open ppf accounts.