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Can I open PPF account without saving account?

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Can I open PPF account without saving account?

To open a PPF account with the State Bank of India, where you don’t have any other account, you have to fill Form A and submit it to the branch, where you want to open the PPF account, along with a passport size photograph, copy of PAN card (or form 60-61 in case of absence of PAN card), ID proof (PAN card, voter ID.

Is it better to open PPF in bank or post office?

Whether a PPF account is opened in a bank or post office, the scheme features remain the same. Hence, opening a PPF account in both ways is safe and convenient. One should also consider that just like banks, post offices also offer online facilities to access PPF accounts and other government savings schemes.

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Can we open post office PPF account online?

How to open a PPF account online? Step 1: Log into your bank account on the internet banking or mobile banking platform. Step 2: Select the ‘Open a PPF Account’ option. Step 3: If the account is for self, click on the ‘Self Account’ option.

Can we open PPF account in SBI?

Opening a PPF Account in SBI Open a PPF account conveniently anytime, anywhere, using the bank’s digital channels, Internet and Mobile Banking. As per SBI’s claim, it is one of the first banks in India to offer instant Public Provident Fund (PPF) account facility.

What is PPF interest rate in post office?

7.10\%
As per the ministry circular, PPF will continue to earn 7.10\%, the NSC will fetch 6.8\%, and Post Office Monthly Income Scheme Account will earn 6.6\%. Here is a look at the interest rates on various small savings schemes for the second quarter of FY 2021-22.

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Which is best place to open PPF account?

Where to open a PPF account?

  • Bank of Baroda.
  • HDFC Bank.
  • ICICI Bank.
  • Axis Bank.
  • Kotak Mahindra Bank.
  • State Bank of India.
  • Bank of India.
  • Union Bank of India.

Which bank is safe for PPF?

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. PPF can be opened with a minimum of Rs. 500 and a maximum of Rs. 1,50,000 in a financial year.