Union Bank Of India PPF

Hi buddy will you plz tell me what is main benefit of Union Bank Of India PPF account ,as my grand father asking me about the same ??

Union Bank of India is one of the largest government-owned banks of India

Benefit of Union Bank Of India PPF account

This is completely risk free investment for your money.

The process of opening PPF account in Union Bank of India is very easy.

There is no age limit for this account, what I mean to say is these accounts can be opened for minors too.

You can get loan against the PPF account you have opened.

The rate of interest which you will get with this is very good, better than other investment ways.

The operation of this account, is very easy anyone can operate these accounts without putting much efforts.

Your money will be locked for an period of time which is lock in period, which means you can’t use your money before that period. (period of 15 years)

Bank profile

Type Public company

Traded as BSE: 532477

NSE: UNIONBANK

Industry Banking, Financial services

Founded 11 November 1919; 97 years ago

Headquarters Mumbai

Key people Shri Rajkiran Rai G.

(Managing Director & CEO)

Products Consumer banking, corporate banking, finance and insurance, investment
banking, mortgage loans, private banking, wealth management

Revenue 32,198.80 crore (US$5.0 billion)(2016)

Operating income 5,722 crore (US$890 million) (2016)

Net income 1,351.60 crore (US$210 million) (2016)

Total assets 404,695.90 crore (US$63 billion) (2016)

Owner Government of India

Number of employees 35,514 (2016)

Capital ratio 10.56% (2016)

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