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.
2017 December 01 is a bank holiday in Andhra Pradesh due to Id-e-Milad/Eid Milad-un-Nabi (Prophet Mohhammad's Birthday).
2017 December 02 is a bank holiday in Chhattisgarh due to Eid-e- Milad (Prophet Mohhammad's Birthday)/Barawafat.
2017 December 04 is a bank holiday in Goa due to Feast Of St.Francis Xavier.
2017 December 05 is a bank holiday in Jammu And Kashmir due to Birthday Of Sheikh Mohammad Abdullah.