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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

Enjoy a high interest rate as mentioned below for Fy 2017-18 (Subject to change as per govt. notification).
Interest is calculated on the lowest balance between the close of the fifth day and the last day of every month

Particular PPF
Fy 2017 -18 - Q1 7.9%
Fy 2017 -18 - Q2 7.8%
Fy 2017 -18 - Q3 7.8%
Fy 2017 -18 - Q4 7.6%

Extremely low-risk long term investment backed by the Government of India

Investments (under section 80C) made under PPF scheme fall under triple E regimen i.e. Principal, Interest and Withdrawal, are all tax exempted

  • View PPF Account balance online
  • Transfer funds from linked Savings Bank Account to PPF Account
  • View, save and print Mini and Detailed statements
  • View and print subscription receipts for all the online payments made to the PPF Account
  • 24x7 accessibility through Internet Banking
  • Loan facility can be availed any time between third financial year to sixth financial year i.e. From third financial year up to end of fifth financial year
  • 50% of the balance can be withdrawn after expiry of 5 years from end of year of first subscription to the PPF Account

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