3 Replies to “how to open a PPF account?”

  1. Only there document require which document for open a savings account in any bank means Pan Card, Photo, Age proof , Id Proof, Address Proof

  2. Most branches of SBI have this facility.

    You need 1) Pan Card 2) Address proof 3) photo

    Walk to the nearest SBI branch.

    Open an account . Minimum Rs 500 per financial year and maximum Rs 70,000

    You can pay every month . No fixed amount necessary .

    It is a good pension fund.

    Term is 15 years. You can extend the a/c in 5 year blocks after the first 15 years.

    Pay before 5th of any month. You will get interest from that month.

    Pay before 5th of April – Rs 70,000 every year till retirement. and create a corpus.

    After retirement you can withdraw interest every year as tax free pension and pay Rs 500 every year to keep the a/c alive.

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