#1
2nd February 2017, 05:14 PM
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Provident Fund In Oriental Bank Of Commerce
I want to get the details of Public Provident Fund (PPF) of Oriental Bank Of Commerce so can you provide me?
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#2
3rd February 2017, 09:48 AM
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Re: Provident Fund In Oriental Bank Of Commerce
Oriental Bank of Commerce is authorized to operate Public Provident Fund (PPF) scheme through 300 Branches across the India. Public Provident Fund 1968 Eligibility- An Individual An Individual on behalf of a minor of whom he / she is the guardian NRIs / HUFs cannot open the account. Account- Minimum of Rs.500/- is to be deposited every financial year. Maximum of Rs.150000/- can be deposited in a financial year. Deposits can be made in one lump sum or convenient 12 installments in a year. Interest Rate of interest for the financial year 2016-17 is 8.1% Interest is to be credited in the account on 31st march of every year. Term of Account- The term of the account is 15 financial years. Withdrawals from PPF account There is a lock-in period of 15 years and the money can be withdrawn in whole after its maturity period. However, pre-mature withdrawals can be made any time after the expiry of five years from the end of the year in which the initial subscription was made. Transferability A subscriber may apply for transfer of his account from one “Account Office” to another “Account Office”. Contact- Corporate Office OBC Plot No. 5, Institutional Area Sector-32 Gurgaon – 122001 Telephone Nos.: PBX board/ receiption numbers : 0124-4126200 and 0124-4126300 Toll Free Customer Care No. : 1800-180-1235 Toll Customer Care No. : 0120-2580001 |