dear members, please let me know how to open a PPF account. i have a SBI nearest. can i open there. what are the things required. plz let me also know what are the compulsions with PPF account
From India, Mumbai
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From India, Mumbai
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PPF accounts can be opened in almost every nationalized bank and also at the General Post Office in the area. They will provide you with the enrollment form. You have to deposit a minimum of Rs. 500 per annum for continuity. The lock-in period is for 15 years, which may be extended for 5 years two or three times (check that).
From India, Patiala
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3From India, Patiala
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PPF accounts can be opened in almost every nationalized bank and also at the General Post Office in the area. They will provide you with the enrollment form. You have to deposit, I suppose, a minimum of Rs. 500 per annum for continuity. The lock-in period is for 15 years, which may be extended for 5 years two or three times (check that).
From India, Patiala
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From India, Patiala
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Hi All, I want to know if a person having a PPF account is allowed to open another (second) PPF account with another bank instead of transferring the first account. The individual will manage the deposit cap of Rs 1 Lakh as per norms (including the first account). Please advise.
From India, Mumbai
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From India, Mumbai
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