Bank of India PPF Account

What are features of Public Provident Fund Account offering by Bank of India? Will you give link from where I will read all rules for Public Provident Fund Account made by Bank of India?

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The Bank of India offers Public Provident Fund Account with following features:

Public Provident Fund Features
The Scheme is for 15 years. Extension of 5 years for any number of times

Public Provident Fund Interest Rate is annually fixed by Government.

Interest Rate for Year 2015-16 is fixed 8.7% compounded annually

Account can be opened by an individual or a minor through the guardian

Minimum deposit is 500/- in each financial year and maximum is Rs. 1,50,000/- in a financial year

Joint account is not permissible

NRI are NOT eligible to open PPF A/c

Deposits will be in multiple of Rs.100/- subject to minimum amount of Rs.500/-

Deposit can be either in lump sum or in instalment - maximum 12 in a year

Discontinued account can be activated by payment of minimum deposit of Rs.500/- with penalty of Rs.50/- for each defaulted FY

Deposit in a minor account is clubbed with the deposit of the account of the Guardian for the limit of Rs.1,50,000/-

Nomination facility available

PPF cannot be attached by any Court.

There is a lock-in period of 15 years and the money can be withdrawn in whole after its maturity
Bank of India Public Provident Fund Account Opening Form