PPF is an abbreviation of "Public Provident Fund". It is a scheme of the Central Government of India offered for investment which not only generates guaranteed returns but also gives tax rebate under section 80C of Income Tax Act.
Any resident Indian citizen can open a PPF account who can be a salaried employee, self-employed, businessman, professional or any other person. It can also be opened in minor's name in the capacity of guardian of the minor by submitting application on Form A.
Earlier only post offices used to offer PPF accounts but now-a-days almost all public sector banks as well as some private sector banks have also started offering PPF account. The whole list of such banks is given below for your reference.
Click "Link" column (on below table) to visit to the respective bank website to get more about the PPF account details.
|Allahabad Bank||PPF Form|
|Andhra Bank||PPF Form|
|Bank Of Baroda||PPF Form|
|Bank Of India||PPF Form|
|Bank Of Maharashtra||PPF Form|
|Canara Bank||PPF Form|
|Central Bank Of India||PPF Form|
|Corporation Bank||PPF Form|
|Dena Bank||PPF Form|
|IDBI Bank||PPF Form|
|Indian Overseas Bank||PPF Form|
|Punjab National Bank||PPF Form|
|State Bank of Bikaner and Jaipur||PPF Form|
|State Bank Of Hyderabad||PPF Form|
|State Bank of India||PPF Form|
|State Bank Of Mysore||PPF Form|
|State Bank Of Patiala||PPF Form|
|State Bank Of Travancore||PPF Form|
|Syndicate Bank||PPF Form|
|UCO Bank||PPF Form|
|Union Bank Of India||PPF Form|
|United Bank Of India||PPF Form|
|Vijaya Bank||PPF Form|
|Bandhan Bank Limited||12 Months||8.25%(p.a.)|
|Rbl Bank Limited||12 Months||8.00%(p.a.)|
|The Nainital Bank Limited||12 Months||7.90%(p.a.)|
|Idfc Bank Limited||12 Months||7.75%(p.a.)|
|City Union Bank Limited||12 Months||7.60%(p.a.)|
|State Bank Of Patiala||12 Months||7.57%(p.a.)|
|State Bank Of Mysore||12 Months||7.55%(p.a.)|
|State Bank Of India||12 Months||7.50%(p.a.)|
|Corporation Bank||12 Months||7.50%(p.a.)|
|Laxmi Vilas Bank||12 Months||7.50%(p.a.)|
|Syndicate Bank||12 Months||7.50%(p.a.)|
|Vijaya Bank||12 Months||7.50%(p.a.)|
|Catholic Syrian Bank Limited||12 Months||7.50%(p.a.)|
|Dcb Bank Limited||12 Months||7.40%(p.a.)|
|Karnataka Bank Limited||12 Months||7.40%(p.a.)|
|Karur Vysya Bank||12 Months||7.35%(p.a.)|
|Indusind Bank||12 Months||7.35%(p.a.)|
|Dhanalakshmi Bank||12 Months||7.35%(p.a.)|
|Tamilnad Mercantile Bank Limited||12 Months||7.35%(p.a.)|
|Bank Of Maharashtra||12 Months||7.30%(p.a.)|
|Union Bank Of India||12 Months||7.30%(p.a.)|
|Punjab National Bank||12 Months||7.30%(p.a.)|
|Catholic Syrian Bank Limited||12 Months||7.30%(p.a.)|
|Idbi Bank||12 Months||7.30%(p.a.)|
2017 February 24 is a bank holiday in Chandigarh due to Mahashivratri.
2017 February 27 is a bank holiday in Sikkim due to Losar.
2017 March 03 is a bank holiday in Mizoram due to Chapchar Kut.
2017 March 12 is a bank holiday in Jammu And Kashmir due to Holi (Jammu Province Only).