To apply for the PPF Provident Fund ( PPF ) Scheme, 1968, you are required to fill up Form A and submit it at any post office/ a bank along with KYC documents. You are free to open a PPF account in any post office/bank which are authorised to open this account. Though opening a PPF account is very simple but if you still face any problem, the officials of respective post office/bank would help you with the account opening process where you want to open your account.
It is always better to open your PPF account in that bank where you already have your savings account in order to save the additional hassles. For your convenience, you can also apply for a PPF account online.
Following documents are required to open a PPF account:
Public Provident Fund (PPF) account can be opened by:
The points to remember are:
Following cannot open PPF account:
Minimum Subscription: Rs.500/- can be invested in lump sum or in 12 instalments in each financial year
Maximum Subscription: Rs.1, 50,000/- can be invested in lump sum or in 12 instalments in each financial year
The minimum number of times you have to deposit money to your account is 1 and the maximum is 12.
2018 August 22 is a bank holiday in Andaman And Nicobar Island due to Bakri Id (Id-ul-Zuha)/Karma Puja.
2018 August 23 is a bank holiday in Jammu And Kashmir due to Bakri Id (Id-ul-Zuha).
2018 August 24 is a bank holiday in Kerala due to First Onam.
2018 August 25 is a bank holiday in Kerala due to Thiruvonam.
2018 August 27 is a bank holiday in Kerala due to Sree Narayana Guru Jayanthi.
2018 September 03 is a bank holiday in Andhra Pradesh due to Krishna Jayanthi/Janmashtmi .