SBBJ Public Provident Fund

I want to get the details of Public Provident Fund (PPF) Account of State Bank of Bikaner and Jaipur (SBBJ) so can you provide me?

The State Bank of Bikaner and Jaipur (SBBJ) Public Provident Fund (PPF) Account offer an excellent medium to mobilize your savings into an interest-generating account that also helps you save on income tax.

SBBJ Public Provident Fund (PPF) Account

Duration:

A lock-in period of 15 years is applicable, and all accumulated funds in the account can be withdrawn upon maturity.

Extensions are allowed in chunks of 5 years at a time.

Premature closure:

PPF accounts cannot be prematurely closed or surrendered.

The only way PPF accounts can be closed is on the event of the death of the account holder, nominee and legal heir.

Joint account is not allowed.

Eligibility:

The PPF account from State Bank of Bikaner and Jaipur is available only to resident Indians (not available to NRIs) who are over the age of 18.

Guardians can open accounts for minors and Hindu Undivided Families (HUF) and an association of persons.

Number of Accounts:

If you’re opening and managing the account for yourself – you can have only one account.

Multiple accounts under the same name are not allowed.

One person can manage the accounts of a minor, Hindu Undivided Family and association of persons under in addition to his/her own account.

Deposits:

The minimum deposit is Rs.500 and the maximum deposit is Rs.1,50,000, every financial year.

Deposits can be made in a lump sum, or in (a maximum of 12) instalments a year.

Customer service: 1800 180 6005

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