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Investments

Public Provident Fund(PPF)

Invest in a long term savings instrument offering tax exemption
on both, principal as well as interest

Competitive Interest Rates

Interest Rate - 7.6% for Q4 of Fy 2017-18

Low Risk

PPF is an extremely low-risk long term investment with Government backing

Tax Benefits

Avail tax benefits under section 80C

Online Access

Check balance, transfer funds, view mini statements online anytime

Features and Benefits

Eligibility

  • Any Resident individual on his own behalf and on behalf of a minor of whom he is the guardian
  • No joint PPF accounts allowed
  • Non-resident Indians (NRIs) are not eligible to open an account under the Public Provident Fund Scheme. However, a resident who becomes an NRI during the 15 years' tenure prescribed under Public Provident Fund Scheme may continue to subscribe to the fund until its maturity on a non-repatriation basis.
  • An individual can open only one PPF account and declare the same at the time of account opening

Keep your documents ready

  • 2 passport size photographs
  • Address proof
  • Identity proof
  • Birth Certificate in the case of minor

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