PPF (Public Provided Fund) is one of the awesome options for any taxpayer who not only wants to save tax on his/her income but also looking for decent tax free returns. Read the article All about Public Provident Fund (PPF) Scheme.

In this article I will tell you how to open PPF account with SBI and that’s just in 3 steps.

Step 1 – Locate the nearest authorised SBI branch:

To open PPF account, first you need to find the nearest SBI branch. Remember, only selected branches of SBI has the facility to offer PPF account. With the SBI branch locator you can find nearest branch.

Step 2 – Fill up Account Opening Form and submit ID & address proof:

You can get the PPF account opening from at the authorised branch which is very much simple and self explanatory to fill up. Once the account opening form has been filled up you need to submit the copy of self attested ID and address proof. See the details of accepted documents;

Any one of the following documents can be used as Identity Proof
1. Copy of Pan card
2. Copy of Passport
3. Copy of Voter ID
4. Copy of Driving license

One of the following documents can be used as Address Proof
1. Copy of Passport
2. Copy of Telephone Bill
3. Copy of Ration card

Along with the above documents you need to provide 2 passport size photographs. Make sure you carry originals of the respective ID and address proof to be verified by the bank official.

Step 3 – Get the PPF Passbook:

After verification of all the documents and putting required initial amount of deposit your PPF account will be opened and you will receive your PPF Account No as well as PPF Account Passbook. This passbook would contain all the details regarding your PPF transactions.

How to contribute further in PPF account:

For your information, in PPF account you can invest minimum Rs. 500 and maximum Rs. 1,00,000 in a particular financial year. Do note, you can contribute maximum 12 times to your PPF account not exceeding Rs. 1,00,000 in total for any particular financial year.

For additional contributions into your PPF account with SBI is possible in both offline as well as online mode.

For Offline Contribution: You can visit to any branch of SBI and fill up the pay-in- slip with the required amount of contribution to be done and submit at the counter. Do not forget to carry your PPF passbook which you can update once the amount is deposited. Contributions can also be done through account payee cheque to the PPF account.

For Online Contribution: For online transaction into PPF account you can not only use you SBI account but also any non-SBI account having the facility to link SBI PPF account within them.

If your SBI account and PPF account are in the same branch then no problem, the details of your PPF account will be automatically linked to the bank account and you can not only view the account details but also transact online with no processing charge. Do not worry if your bank account and PPF account are of two different branches, you can still add your PPF account to your bank account for all future transactions.

For non-SBI account you can link your PPF account details as third party payee beneficiary and transfer the required contributions subject to the availability of the facility with the bank.

Auto-debit or ECS: Contribution into PPF account can also be done through auto-debit or ECS. You just need to fill up the required auto-debit or ECS form for the same. Auto-debit or ECS is very much useful for monthly investments, but make sure you have required funds available in your bank account on the date when the auto-debit or ECS is going to happen else you might get charged for unsuccessful transaction by your bank.

I hope you got the required information to make life easy to open and transact PPF account with SBI.

You can also read the article on How to open PPF Account with ICICI Bank – Online?

Ohh! Before I forget let me tell you, for claiming of income tax deduction you can not only use the updated attested copy of your PPF passbook but also the printout of the online statement (for online statement you need to check whether bank seal and signature is required or not)

Share your current experience and query related to PPF account.

Open PPF account with SBI just in 3 steps

98 thoughts on “Open PPF account with SBI just in 3 steps

  • February 28, 2013 at 11:52 AM
    Permalink

    i want open PPF account in your (SBI ) bank by ECS. plz convance me minimum amt deposit every month from my account any bank by ECS.

    Reply
  • March 26, 2013 at 6:25 PM
    Permalink

    ONLY ADDAR CARD IS SUFFICE FOR ANY DOCUMENTS PLS REPLY MY ID

    Reply
    • March 26, 2013 at 9:52 PM
      Permalink

      As per my source of information, Yes! you can use Aadhar Card as KYC document i.e. ID & Address Proof. I suggest you to check once this with your bank.

      Reply
      • November 6, 2013 at 3:04 AM
        Permalink

        I opened an sb acc + 3 ppf accounts 1 for me and 2 for my children. But in online sbi I can view only my ppf account. What abt my childrens’ ppf account?

        Reply
        • November 6, 2013 at 8:00 AM
          Permalink

          Hi Sreeshanth,

          To view the details of your kids PPF account you need to have their respective SB accounts where such PPF account can be linked.

          Reply
  • April 3, 2013 at 11:48 AM
    Permalink

    I read that in ICICI Bank, application for opening a PPF Account can be made online as well… Is this facility available in SBI as well?

    Reply
    • April 3, 2013 at 5:56 PM
      Permalink

      Hi Rohit,
      As I know, SBI yet to enable the said facility. As of now you have to visit the branch and get your PPF account opened. Once the account is opened, you can very well link it to your bank account with SBI for future transactions and view the balances.

      Reply
  • April 8, 2013 at 5:48 PM
    Permalink

    I have a SBI bank PPF account in Noida branch and want to transfer it to Chennai SBI branch. At Chennai they deny to do that saying I have to go to Noida and initiate the transfer and can’t do that from Chennai. But I have no way to go to Noida just for this. What should I do to get my PPF account transferred to Chennai without visiting Noida SBI Branch?

    Reply
    • April 8, 2013 at 11:14 PM
      Permalink

      Hi Kishor,
      They are right. As of now transfer of PPF account from one post office/bank branch to another branch of post office/bank you need to submit the account transfer form at the post office/bank branch where you hold the PPF account along with PPF passbook. Your branch will verify your account details and signature then they will close the account with issuing a demand draft or pay order along with your account details, nomination form and signature proof to the post office/ bank branch requested by you to transfer.

      Reply
      • April 9, 2013 at 10:15 AM
        Permalink

        Thanks Kumar for the information. This is tedious but I have no other way.

        Reply
        • April 9, 2013 at 10:41 AM
          Permalink

          You are most welcome Kishor.

          Reply
          • December 4, 2013 at 12:32 PM
            Permalink

            hi kumar all your articles and replies are very useful. congrats . go ahead

          • December 4, 2013 at 3:57 PM
            Permalink

            Thank you very much Manigantan.

  • May 13, 2013 at 2:57 PM
    Permalink

    Hi,
    Having PPF account in SBI, can we make auto debit from SBI onilne account(Auto debit to savings account for PPDF)

    Reply
    • May 13, 2013 at 6:41 PM
      Permalink

      Hi Jagadeesh,

      Yes, auto debit is very much possible. For this you need to visit SBI and submit a ECS Mandate/ Auto Debit application form (such forms will be available at SBI branches) along with cancel cheque of the bank from which you want debit should happen.

      Reply
  • May 16, 2013 at 1:11 PM
    Permalink

    Can i update my PPF account (opened in SBI) passbook in any SBI brnach?

    Reply
    • May 16, 2013 at 2:29 PM
      Permalink

      Hi Raj,

      Yes, you can get it done at any SBI branch.

      Reply
  • May 17, 2013 at 8:16 PM
    Permalink

    Hi
    i have a PPF account that has matured last year, but i did not do anything about it. I live in the US, but i will be visiting india in July and would like to close the account. Will i be able to close my account and what documents do i need to do so.

    thanks

    Reply
    • May 19, 2013 at 10:13 AM
      Permalink

      Hi Anita,

      Closing of PPF account is not at all a cumbersome task. You just need to fill up the closing of PPF account form (available at branch) along with submit PAN, that’s it.

      Reply
  • May 21, 2013 at 9:58 PM
    Permalink

    thanks kumar, however i have another question, after i fill out the form how long does it take for them to close it and pay me. does it happen on the same day, or do i have to wait a couple of days. Will they give it to me in check or can i ask for cash.

    Reply
    • May 21, 2013 at 10:03 PM
      Permalink

      Anita, maturity proceeds will not be handed over as cash. It will be direct credit to your bank account.

      Reply
  • June 2, 2013 at 2:27 PM
    Permalink

    sir,
    confirm the interest rate of PPF is compund or simple annually? can it is same as GPF which is provision for the govt servants.
    regards…

    Reply
    • June 2, 2013 at 8:49 PM
      Permalink

      Hi Shashi,

      Interest rate for PPF is calculated compounded annually. Fyi GPF interest rates are not same as PPF interest rates.

      Reply
  • June 3, 2013 at 1:24 PM
    Permalink

    On my passpot , my previous address is present. But I donot live there. Also I stay in PG no Residence proff. How to open a PPF account?
    Please suggest…

    Reply
  • June 11, 2013 at 3:24 PM
    Permalink

    Hi..I have my SBI branch in Mumbai..i have 2 queries:
    1. Can i open a PPF account in a branch in chennai though my SBI account is in mumbai? And can i link both these being in different cities?
    2.If not, How do i transfer my account to chennai without having to visit mumbai (since i will not go there anymore)

    Reply
    • June 11, 2013 at 6:26 PM
      Permalink

      Hi Shazi,

      Answer to your very 1st question is “YES” for both i.e. even though your bank branch is in Mumbai, still you can get your PPF account opened in any branch in Chennai. To link your PPF account with bank account, you have to speak to your bank branch at Mumbai and submit a letter to link the account. Sometime bank consider a scan copy of letter from your registered email ID also.

      Even transfer of your home branch from Mumbai to Chennai is not an impossible job. You just need to visit any nearby SBI branch where exactly you want to have your bank account shifted and submit the transfer application form (available at branch) along with old cheque book & passbook so that new books will be issued with a charge of Rs. 100 plus taxes (you may check these charges with the bank branch)

      Reply
      • June 11, 2013 at 9:50 PM
        Permalink

        Thank You so much..That was very much helpful…

        Reply
        • June 11, 2013 at 10:02 PM
          Permalink

          Most welcome Shazi.

          Reply
  • July 16, 2013 at 6:48 PM
    Permalink

    hi, i have opened ppf account in sbi adyar branch where i am maintaining sb account in the same branch. as per your earlier comments, the ppf account will be automatically linked with our sb account. but the ppf account was not added along with my sb account netbanking. please suggest

    Reply
    • July 16, 2013 at 11:51 PM
      Permalink

      Hi Sarvanan,

      If it hasn’t linked yet, you can give a written request to bank to link it.

      Reply
      • July 25, 2013 at 1:16 PM
        Permalink

        thank you so much for your reply.ppf a/c had been linked to my sb a/c next day.

        Reply
        • July 25, 2013 at 1:19 PM
          Permalink

          Ohh!! That’s great. So did you submit any letter or it happened automatically?

          Reply
  • July 17, 2013 at 8:32 PM
    Permalink

    Sir,
    I have my SBI account in Jamshedpur. My father want to open a PPF account on his name In Kolkata from SBI brunch . Is it possible to contribute online from my account?If possible then What I have to do to make link between the accounts? And last thing I want to know is it going to charge me for the transactions?

    Reply
    • July 18, 2013 at 5:04 PM
      Permalink

      Hi Parth,

      For PPF contribution you can do it for yourself or for your minor child, but not for your father. You can transfer funds from your SBI account to your father’s SBI account so that an ECS can be initiated from your father’s account and then the said PPF account can be funded (indirectly). As I know SBI to SBI there is no fund transfer charges as of now.

      Reply
  • July 19, 2013 at 4:23 PM
    Permalink

    HI,
    I Have A SBI saving acc0unt and also having internet banking of SBI , can i open PPF account online without going to Branch. please Ans asap..Thanks in advance.

    Reply
    • July 19, 2013 at 4:44 PM
      Permalink

      Hi Vijay,

      SBI yet to come up with online PPF facility. You have to visit the branch once to open the account and subsequently you can make the future payments online or alternatively you can go for ECS mandate for direct debit.

      Reply
  • August 5, 2013 at 2:02 AM
    Permalink

    Sir,
    Two monthes ago I have transfered my PPF A/C from other SBI branch to new SBI branch, but new A/C number has been issued after transferring A/C. Is transferring PPF A/C means opening new A/C from transferred date? If it is so than how much amount I can contribute in running FY for rebeting tax (before transferring my A/C balance was Rs 75000/-) . Please suggest me.

    Reply
    • August 5, 2013 at 6:21 PM
      Permalink

      Hi Nitya,

      Transferring of PPF account doesn’t mean that new account is opened. But yes, whenever transfer happens, new bank will issue another account number for the same old investment. So if you have already done Rs. 75,000 for FY 2013-14 then you can contribute another Rs. 25,000 to fulfill the given limit i.e. Rs. 1,00,000 in any financial year.

      Reply
      • August 6, 2013 at 12:03 AM
        Permalink

        Thanks for reply.
        I have invested Rs 75000/- in PPF before transferring my A/C i.e. in FY 2012-13. After transferring, new A/C no has been issued and previous balance have been transferred in new PPF A/C no. in FY 2013-14. (I have contributed Rs 75000/- in FY-2012-13).
        My query is that in FY 2013-14 how much amount I can contribute in PPF (already Rs 75000/- transferred in FY 2013-14 from previous A/C). Please suggest.

        Reply
        • August 6, 2013 at 10:21 AM
          Permalink

          Hi Nitya,

          You can put Rs. 1Lac for FY 2013-14

          Reply
  • August 5, 2013 at 11:03 PM
    Permalink

    i. want to open a ppf account in any bank, can i deposit an amout which i want to deposit in a year, deposit amount in a year will be same otherwise can be less or more for every financial year

    Reply
    • August 6, 2013 at 10:26 AM
      Permalink

      Hi Brajvir,

      You can open PPF account with any amount (minimum Rs. 500 & Maximum Rs. 1,00,000 in any financial year). It’s not necessary to contribute the same amount every year, you can continue the account by put Rs. 500 for the year also.

      Reply
  • August 26, 2013 at 12:56 PM
    Permalink

    Dear Soubhagya,

    I live in Hisar, Haryana. Can I open a SBI PPF A/C in Hisar with the address proof of Rohtak District, Haryana.

    Regards,

    Jades

    Reply
    • August 26, 2013 at 5:41 PM
      Permalink

      Hi Jades,

      Yes! you can. But I suggest, check with the bank once.

      Reply
  • September 23, 2013 at 10:48 AM
    Permalink

    We can not credit PPF account via RTGS or NEFT. Moreover, there is no other bank ECS facility available.

    Reply
    • September 24, 2013 at 12:46 AM
      Permalink

      Hi Soowmya,

      Yes! you can do it through NEFT and ECS.

      Reply
  • September 27, 2013 at 5:17 PM
    Permalink

    Dear Soubhagya,

    One of my friend recently opened an PPF account in SBI and he is already having SBI account. He opened PPF account in his son name who is 6 years old. After opening the account it was not linked to online login. When we asked at branch, they told it cannot be added as it is in the name of minor. When he told them that the account will be operated by him itself and if it is linked to his online SBI account, then it will be easy for transferring money.
    But the bank staff says you have to add it as third party account in your online SBI account to transfer amount. Is there any way where we can view both SB & PPF account(opened in his son name) in single user login?

    In the above scenario, how to check PPF balance amount online? Do we have to visit bank to get updates in PPF account?

    Eagerly awaiting for your suggestion.

    Thanks & Regards
    Sharath

    Reply
    • September 28, 2013 at 2:04 PM
      Permalink

      Hi Sharath,

      Since the said PPF account belongs to the Kid, its not possible to link to father’s savings account for viewing purpose. but yes father can add it is as third party beneficiary for transfer funds.

      For a login and viewing purpose father needs to open a savings account in kid’s name (doesn’t matter in which branch he opens) then link the PPF account there.

      Reply
  • November 20, 2013 at 12:19 PM
    Permalink

    Hi
    I have a query, Pls answer.
    At present, I have a PPF account on my name and i want to open the PPF for my minor child. As I know FY 2013-14 limit is Rs. 1 lakh, but as a guardian if I open account for my child then what is the condition. Limit for both of us is 1 lakh or I can deposit 1 lakh for each. I will be a guardian and my child saving account and PPF account will be separate.

    Reply
    • November 20, 2013 at 2:06 PM
      Permalink

      Hi Velmurugan,

      In the rule book of PPF it’s not clearly mentioned whether combined limit for self and minor PPF should be Rs. 1 Lac or Rs. 2 Lacs though 80C limit should not be more than Rs. 1 Lac, but it seems many banks allows you to have PPF for max Rs. 1 Lac each contribution for self as well as minor’s account and at the same time some banks denies to it. So I suggest you to first check the same with the bank where you wish to open the accounts.

      Reply
      • November 20, 2013 at 5:06 PM
        Permalink

        Hi,
        I had already inquired with the bank members, in fact they also have a confusion regarding this and confusing us too. Anyhow thanks for your reply, if you get information pls update (if possible in mail)

        Reply
        • November 20, 2013 at 6:10 PM
          Permalink

          Sure!

          Reply
  • December 13, 2013 at 5:25 PM
    Permalink

    Sir what is the intrest rate of a ppf account?

    Reply
  • December 17, 2013 at 11:27 AM
    Permalink

    If I have my SB account and PPF account in two different branches I know I can do a third party transfer. What should I do to link my SB and PPF account to online login that I use for SB account.

    Reply
    • December 17, 2013 at 1:06 PM
      Permalink

      Hi Gowri,

      Normally PPF account gets linked automatically to the SB account net banking (SBI does this). You can request your bank (through a written letter) to link your PPF account to SB account so that you can view the same.

      Reply
  • December 17, 2013 at 12:59 PM
    Permalink

    Hello,

    I have done many transactions this year from my HDFC Salary account to my SBI PPF account through netbanking. My employer, uptil last year, wanted the stamped deposit slips and the passsbook copies for tax proofs. However, since I have done online transactions, I won’t be able to provide the stamped deposit slips. In that case, will the updated passbook copy be a sufficient proof for tax purposes….?
    Also, is it possible to have your PPF account online where you can see the updated balances, put request for loan/redemption, etc…?
    Thanks…

    Reply
    • December 17, 2013 at 1:20 PM
      Permalink

      Hi Mandar,

      Stamped PPF passbook should be accepted by the employer. To view SBI PPF online, you should have your SB account with SBI as well where the same account can be linked, viewed and downloaded statement whenever required.

      Reply
  • January 3, 2014 at 3:49 PM
    Permalink

    I like to know in detail how the interest is calculated. in monthly basis or day basis?

    Reply
    • January 3, 2014 at 4:15 PM
      Permalink

      Hi Jeyenth,

      PPF interest is calculated monthly based on the lowest balance between the end of the 5th day and last day of month, however the total interest in the year is added back and gets compounded annually.

      Reply
  • January 8, 2014 at 9:34 AM
    Permalink

    I dont have Sb account in SBI in that Branch that time also i opened PPF Account in That Branch or
    First opened Saving Account after PPF Account na

    Reply
    • January 8, 2014 at 10:03 AM
      Permalink

      Hi Satish,

      It is not mandatory to have an SB account with the bank where you open PPF account, but it’s upto the bank whether they get it opened with or without a bank account with them.

      Reply
  • February 11, 2014 at 2:47 PM
    Permalink

    hello,
    i am staying in Bangalore,but my SBI SB is in odisha.
    How i know my branch is providing ppf account facility.

    Reply
    • February 11, 2014 at 3:26 PM
      Permalink

      Hi Satya,

      If you are in Bangalore, then you can very well open a PPF account in any branch of SBI basis your conveniences (it doesn’t matter whether your bank home branch in Odisha or elsewhere). Even most of branches of SBI has PPF facilities, this means your home branch of SBI at Odisha must have such provisions.

      Reply
  • March 30, 2014 at 1:01 PM
    Permalink

    Thanks for the useful information Soubhagya!
    The tricky bit now is to find out which SBI branch has PPF facility because my home branch informed me that they don’t. :/

    Reply
    • March 31, 2014 at 9:14 PM
      Permalink

      Most welcome Kamal!

      Reply
  • June 2, 2014 at 1:00 PM
    Permalink

    Hi,

    I want to open PPF accounts for my wife & 2 minor children. I have following questions:
    1. Do I need to open 3 SB accounts to open PPF account for them?
    2. Can I open I combined SB account and linked 3 PPF account with that account?
    3. What are the documents I need to submit for minor children?
    4. I come to know that Personal banking SB branch does not have PPF facility. is it true?
    5. What will be limit for all these PPF account? Can I deposit 1 lakh in each of these 3 PPF accounts? I know that in 80C I will get benefit of 1 Lakh only.

    Reply
    • June 2, 2014 at 11:42 PM
      Permalink

      Hi Ashish,

      Find answers in sequence to your queries;
      1. It is better to have separate SB account. for viewing and transacting into respective PPF accounts.
      2. No a good idea
      3. Parents ID & Address Proof along with minor’s birth certificate
      4. Which bank you are talking about?
      5. Do not go for more than 1 lakh overall limit. I don’t think, bank will allow you to investment 1 lakh each into all these accounts.

      Reply
      • June 17, 2014 at 12:08 PM
        Permalink

        Thanks for reply Soubhagya.

        4. I was talking about SBI.

        I have one more question:
        Can I open 2 PPF accounts against a single SBI JOINT account?
        with joint account I belive that I will get 2 CIF number against a single SB account.

        Reply
        • June 17, 2014 at 12:23 PM
          Permalink

          I believe across all SBI branches have got PPF facilities.

          If there are two PPF accounts, those should be in two different individual’s name, but you may contribute on behalf of the individual subject to he/she should be either your spouse or kids . In case of joint bank account, both the holders can have separate PPFs, but what I understand is, only primary holder’s PPF can be view in the account not all.

          Reply
  • June 5, 2014 at 10:47 PM
    Permalink

    great replies.i got mor answers from you than bank it self,my most of queries sold but still one question.
    i have my ppf acount in sbi linked to my saving acount and my wife ppf acount in bob bank so question is how i can transfer amount to my wife ppf without any extra charge everymont via auto debit?
    and in that case who will get tax benifit my wife or me(who is making payment)
    thanks in advance

    Reply
    • June 6, 2014 at 9:06 PM
      Permalink

      Hi Viren,

      I can’t say what will be the best online mode to transfer funds without any charges, but what I can suggest you is, better deposit cheque in your wife’s bank account (if contribution are not so frequent) and let the PPF be funded from her account balance directly. If this process is, then transfer her PPF account to SBI where interbank fund transfer won’t incur any charges.

      With regards to claiming deduction, here you should get the same under 80C upto Rs. 1Lacs as the contributions are done by you.

      Reply
  • July 11, 2014 at 2:53 AM
    Permalink

    my sbi account is jamshedpur, jharkhand.
    i stay in bangalore.
    1. can i get PPF account in bangalore any branch.?
    2. what is mode of transfer to my PPF account, can it be online.?
    3. Any other tax saving plan in SBI for a bulk money? as fixed deposit is not a tax benefit plan.

    Reply
  • August 2, 2014 at 11:49 AM
    Permalink

    I’m having net banking facility whether can I open ppf account online itself without going to bank???

    Reply
    • August 2, 2014 at 8:28 PM
      Permalink

      Hi Venkat,

      Unfortunately you still have to visit to bank to get it opened. SBI hasn’t yet come up with online subscription of PPF. Fyi, once PPF is opened, you can view and contribute online through the linked SB account.

      Reply
  • September 12, 2014 at 5:10 PM
    Permalink

    Hi,

    Do I need to open a sb account first for making a ppf account ?
    Also do i need min 1 lakh in ppf account every year?

    thnx

    Reply
  • October 13, 2014 at 11:10 AM
    Permalink

    Does an address proof given by the employer is valid ?
    and also if the account is opened online does the bank will give us the passbook??

    Replies awaited….

    Reply
    • October 14, 2014 at 9:04 AM
      Permalink

      Hi Sharad,

      Employer’s letter for address is not a valid proof. Passbooks are available, but the same will be issue on request.

      Reply
  • November 12, 2014 at 12:56 PM
    Permalink

    I need to open a ppf account . Since i am eight months pregnant , i am finding difficult to go to the bank branch. can i send my husband on behalf of me to open the account. will authorization letter be enough? If so please let me know the format of the letter?

    Reply
    • November 13, 2014 at 10:09 PM
      Permalink

      Hi Anusha,

      You can ask you husband to get the form from the bank, fill it properly, attach required KYC documents etc and investment cheque. Your husband can submit at the bank branch on behalf of you. No authorisation letter required.

      But for a safer side, let an authorisation letter be there in hand and show only when bank officer ask for. It will be a simple letter addressing to Bank Manager, Bank Branch and in few lines explaining your situation as why you are unable to visit bank in person.

      Reply
  • March 3, 2015 at 10:47 AM
    Permalink

    Hi,
    Is that compulsory to give address proof of the city in which you are going to open PPF account? Can’t I give resident proof of another city where I actually belongs and have own house? The reason behind why I am asking is I don’t have any resident proof where I living currently. I know rent proof can be a solution here. But is there any other way around?

    Thanks

    Reply
    • March 4, 2015 at 11:08 AM
      Permalink

      Hi Parth,

      I can be an example for you. I opened PPF in Bangalore with address proof of other state/city because my SB account is not from Bangalore Branch. It all went smoothly. I got the account opened and tracking/ transacting online.

      It is all to do the the manager at the bank. PPF rule doesn’t stop you.

      Reply
  • March 31, 2015 at 8:51 AM
    Permalink

    can deposit monthly in pf a/c

    Reply
  • June 22, 2015 at 4:53 PM
    Permalink

    Please confirm the procedure to convert the PPF account of Minor to Major.

    Reply
    • June 22, 2015 at 5:08 PM
      Permalink

      Hi Amit,

      Once minor holder of the PPF account becomes major, he/she has to submit fresh KYC i.e. self attested ID Proof & Address Proof in the branch where he/she holds the account. It might also needs guardian attestation, but I suggest you to check with the bank to avoid any error.

      Reply
      • June 22, 2015 at 5:26 PM
        Permalink

        Thanks a lot for your response Soubhagya Kumar.

        Reply
        • June 22, 2015 at 6:20 PM
          Permalink

          You are most welcome Amit!

          Reply
  • June 22, 2015 at 4:57 PM
    Permalink

    Can we manage without Pan card by giving form 60 for opening of PPF account.

    Reply
    • June 23, 2015 at 11:08 AM
      Permalink

      Hi Amit,

      You can submit any ID proof accepted by Bank/Post Office.

      Reply
  • July 24, 2015 at 8:33 AM
    Permalink

    My age is 53 years. I have already a saving acct. in SBI. now I want open PPF acct.
    Did I open PPF acct. it is good or not. because matuarity is 15 yrs. please you suggest which account is good my future retirement. My wife age is 50 yrs.., please suggest by mail

    Reply
    • July 26, 2015 at 11:17 AM
      Permalink

      Hi Arif,

      You are already 53! Basis prima-facie, I don’t think long term investment is of any use right now. Better look at how is your tax status, and what kind of income (and when) do you need. Basis these you may act on right investment. Stay away from long term or locked investments.

      Reply
  • September 21, 2015 at 4:10 PM
    Permalink

    HOW MUCH TIME TAKES SBI TO OPEN AN PPF ACCOUNT. AFTER THE FORM SUBMISSION.

    Reply
    • October 1, 2015 at 6:53 PM
      Permalink

      Hi Bihari,

      It doesn’t take more than one working day.

      Reply

Leave a Reply

Your email address will not be published. Required fields are marked *

css.php
Read previous post:
Know what is Value Added Tax (VAT) and how does it work

VAT or Value Added Tax was  introduced into the Indian taxation system from 1st April 2005. This is a kind...

Close