PPF Account With Punjab National Bank

Sir I am looking for the application for opening a Public Provident Fund Account in the Punjab National Bank so can you please provide me the same

Hey buddy the Punjab National Bank is an Indian multinational banking and financial services company.

It is a state-owned corporation based in New Delhi, India. Founded in 1894, the bank has over 6,300 branches and over 7,900 ATMs across 764 cities.

Well you can get the application for opening a Public Provident Fund Account under the Public Provident Fund Scheme 1968 in the Punjab National Bank as I am giving you the same below you can have a look


Eligibility:

Individual or individual as guardian of a minor can open the account. (can not be opened in Joint names).

HUF are not eligible.

Non Resident Indians are not eligible to open the account

Only one account can be opened by an individual in one name.


Duration:

The account is of 15 years duration and the account can be continued for one or more blocks of 5 years

Interest:

Interest at the rate of 8.70% p.a. w.e.f 01.04.2013 is credited to the account on 31st March of every year

Application for opening a Public Provident Fund Account under the Public Provident Fund Scheme

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Answered By StudyChaCha Member