PPF Account Interest Rate in Citibank

Hello, I want to know the details of the interest rates of the PPF Account of the Citibank. Please provide me.

[pawan]

Hello, Citibank and Indian Bank are not authorised for the PPF accounts. So you may not open PPF Account in Citibank.

Public Provident Fund (PPF) Scheme
The Public Provident Fund (PPF) Scheme, 1968 is a tax-free savings avenue that was introduced by the Ministry of Finance (MoF) in India in the year 1968. Interest earned on deposits in the PPF account are not taxable. Deposits made towards PPF accounts can be claimed as tax deductions.

Public Provident Fund (PPF) Accounts
People can deposit funds in PPF accounts (Public Provident Fund accounts) for a fixed period of time to earn returns on their savings. The PPF of interest rate for the financial year 2015 - 2016 was 8.7%. This rate has been revised in the Union Budget 2016 for FY: 2016 - 17 to 8.1%.

Features:
Tenure: 15 years; account continuance is allowed beyond maturity for 5 years at every renewal, with or without making additional deposits.
Initial investment/deposit: Rs.100 to open the account
Annual Deposit amount: Rs.500 - Rs.1.5 lakhs per year (can be revised as per government directive)
Deposit frequency: A deposit has to be made every year, for 15 years, to keep the account active. Failure to make the minimum annual investment will render the account inactive.
Deposit modes: Via cash, cheque, PO, DD, online funds transfer; as a one-time deposit or up to 12 installments.
Withdrawals: Partial premature withdrawals can be made every year from year 7; withdrawals are subject to conditions. Complete withdrawal of funds can be made only at maturity.
Tax advantages: Interests are tax-free and deposited amounts are tax deductible U/S 80C of the Income Tax Act. Withdrawals are exempt from wealth tax.

Here is list of banks which offer PPF account.
SBI
ICICI
SBI Subsidiaries
BOB
Central bank of India
IOB
Union Bank of India
IDBI Bank
Vijiya Bank
UCO Bank
Punjab National Bank