Progress with us...
 
internet banking
Personal
Corporate
CMS and Payment Solution
CARDS
Power Access
AxisRemit Online
eDGE Loyalty Rewards
  • LOG IN

Investments

Public Provident Fund

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

Competitive Interest Rates

Interest rate - 8% per annum

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

Subscription Amount

  • Minimum Subscription of Rs. 500 and maximum subscription of Rs. 1,50,000 per Financial Year (subject to change as per notification issued by Central Government)
  • Subscription should be in multiples of Rs. 5/-
  • Deposit can be of one lump sum amount or easy instalments not exceeding 12 instalments in one financial year
  • Amount deposited in excess of Rs.1,50,000/- shall neither be entitled to interest under PPF scheme nor be eligible for Tax Benefits

Period of Investment

The original tenure of the PPF account is 15 years, which can be extended further in blocks of 5 years each for any number of blocks. The extension can be with or without contribution.

Closure of Account

  • No premature withdrawal is allowed for Public Provident Fund (PPF) accounts.
  • Only in the case of the death of a customer, their nominee /legal heir can close the account by submitting the required documents

YOU MIGHT ALSO BE INTERESTED IN

WHAT'S NEW ?

HealthOn-Inside-Pin-banner-1

SWITCH TO HEALTHIER YOU WITH A SIMPLE ADDITION TO YOUR SHOPPING CART

Apollo Munich's health insurance plan especially designed for you

KNOW MORE

Personal Loan Inner Pin Banner

Don't let money come in the way of your dream home

Axis bank personal loans with zero foreclosure and part prepayment

APPLY NOW

Online Rewards Inner Pin Banner

IT'S TIME TO MOVE ON FROM CASH ON DELIVERY

Introducing Online Rewards Debit Card.Get rewards on your online transactions

KNOW MORE

AFO-Portal_v09_263x169InsidePg_Pin

Send Money abroad using Axis Forex Online


Get ₹ 500/-* processing fees waived off & best exchange rates

KNOW MORE