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 June 30 is a bank holiday in Mizoram due to Remna Ni.
2018 July 02 is a bank holiday in Andaman And Nicobar Island due to Annual Closing Of RBI.
2018 July 03 is a bank holiday in Meghalaya due to Beh Dienkhlam.
2018 July 05 is a bank holiday in Jammu And Kashmir due to Guru Hargobindji's Birthday.
2018 July 13 is a bank holiday in Arunachal Pradesh due to Bhanu Jayanti/Martyr's Day.
2018 July 17 is a bank holiday in Meghalaya due to U Tirot Sing Day.