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.

The documents required to open a ppf account is mentioned below. The same can also be achieved via net banking. 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. The application form must be submitted.

500 is required to open and maintain a ppf account. Individuals can open a ppf account at banks or at post offices. 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. Coming back to the question indeed sbi is the best bank to open your ppf acc.

After a few weeks you can check with your new bank to see if the account has been successfully transferred. 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. Requirements to ppf account in bank and post office. You can choose ppf accounts at private sector banks on.

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. Being an an ex sbi po one might accuse me of doing a bias.