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30th March 2016, 04:49 PM
Super Moderator
Join Date: May 2012
Re: Central bank of India PPF

A Public Provident Fund (PPF) account from Central Bank of India is among the best savings-cum-tax-savings bank accounts.

How to open a Central Bank of India PPF account?

To open a PPF account in the Central Bank of India, simply follow these easy steps:

Acquire an account opening form (PPF Form A).

Acquire a Pay-In Slip (PPF Form B).

Acquire a Nomination Form (PPF Form E). All these forms are available at any of the official bank branches.

Fill in PPF Form A, PPF Form B and PPF Form E with all necessary details.

Submit the forms, along with all required documents to the bank.

Your PPF account will be open once the application is reviewed and approved.

Documents required to open PPF account in the Central Bank of India

To open a PPF account in Central Bank of India, you will need the following documents and duly filled-out forms:

Account opening form – Form A.
Pay-In slip – Form B.
Nomination form – Form E
Identity proof – Submit a copy of either your driver’s license, PAN card, passport, etc. with the original to verify.
Address proof – Submit a copy of your telephone bill, utilities bill, ownership papers, etc. along with the original to verify.
Passport sized photographs – Two recent passport sized photographs are required.

Central Bank of India PPF account opening form

Central Bank of India PPF calculator

If you want to figure out the balance in your PPF account at maturity, you can use a PPF calculator.

A PPF calculator takes into account the following information to calculate your maturity value:

Rate of deposits - monthly/quarterly/half-yearly/annually

Amount being deposited

PPF account tenure.

Interest rate (currently at 8.7%)

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