dear members, please let me know how to open a PPF account. i have a SBI nearest. can i open there. what are the things required. plz let me also know what are the compulsions with PPF account
From India, Mumbai
PPF account can be opened in almost every nationalized bank and also in General Post Office of the area. They will provide you with the enrollment form. you have to deposit i suppose minimum Rs.500 per annum for the continuity. Lock in period is for 15 years which may be extended for 5 years two or three times (check that)
From India, Patiala
PPF account can be opened in almost every nationalized bank and also in General Post Office of the area. They will provide you with the enrollment form. you have to deposit i suppose minimum Rs.500 per annum for the continuity. Lock in period is for 15 years which may be extended for 5 years two or three times (check that)
From India, Patiala
HI,
Find below some useful links that will give you information about PPF account
http://www.rediff.com/getahead/2005/mar/08ppf.htm
http://www.rediff.com/getahead/2005/feb/25ppf.htm


Hi All,
Want to know, if a person is having a PPF account, is he allowed to open another (second) PPF account with any other Bank instead of getting the first account transferred. He will take care of the deposit cap of Rs 1Lac as per norms (including first account). Pls advise.

From India, Mumbai
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