Best Bank To Open Ppf Account

The same can also be achieved via net banking.

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. Recently hdfc bank a popular bank is authorized to open ppf accounts. There are some banks that have taken time to get the approval. The application form must be submitted.

Being an an ex sbi po one might accuse me of doing a bias. The documents required to open a ppf account is mentioned below. 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. 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.

Investing in ppf is now feasible accessible to individual due to flexible government policy which allows few banks to handle ppf accounts. Requirements to ppf account in bank and post office. You can choose ppf accounts at private sector banks on. You will surely get things sorted out.

For your information ppf accounts were handled only through post office which limits the number of users to. After a few weeks you can check with your new bank to see if the account has been successfully transferred. But before that just read my post what is the future of sbi po.