Public Provident Fund State Bank of Hyderabad

Can you provide me the Public Provident Fund Account Opening Form of State Bank of Hyderabad? Also tell me about the Documents required to open SBH PPF Account?

[Shaleen]

One can open a Public Provident Fund Scheme (PPFS) 1968 account at any of semi-urban, urban and metro branches of State Bank of Hyderabad.

PPFS offers safety coupled with high returns and tax benefits. A long term scheme of 15 years with the investment in equated Installments is available, which attracts an interest of 8% p.a.

The interest is calculated on the minimum balance between the 5th and 30th of each month.
One can invest a maximum of `100000.p.a. The minimum investment in this scheme is `500 p.a.

The scheme offers to transfer the accounts among any of the authorized branches. Nomination facility available all investments in it are exempted from income tax under Section 88.

Documents required to open SBH PPF Account

In order to open a PPF account with SBH, customers are required to furnish the following documents.

• Duly filled PPF account opening form
• Proof of identity. For example, driving license, PAN card, passport, voter’s id
• Proof of residence or current address proof
• Couple of passport size photographs

Public Provident Fund Account Opening Form