Punjab National Bank PPF Scheme

I heard that Public Provident Fund Scheme (PPF) of Punjab National Bank (PNB) provides the depositor twin benefits of attractive return and tax benefit. In how many branches is this scheme available? Would you please provide me Online Procedure to open PPF Account in PNB?

Hello sir I want to know about the PPF Scheme of Punjab National Bank so please provide me information about the same.

[Raman Vij]

A Public Provident Fund (PPF) Account is a financial account that has been made available to Indian citizens through the Public Provident Scheme. It offers a dual benefit to the account holder.

Punjab National Bank (PNB) Features and Benefits

Opening and maintaining a PPF account in PNB gives the subscriber access to the following features and/or benefits -

Loans and Withdrawals on a Punjab National Account (PNB) PPF Account -

Tax Benefits of a Punjab National Bank (PNB) PPF Account -

Premature Closure Terms for a Punjab National Bank (PNB) PPF Account -

Revival of a Punjab National Bank (PNB) PPF Account -

Nomination Facility in a Punjab National Bank (PNB) Account -

Interest Rates of a Punjab National Bank (PNB) PPF Account

The applicable rate of interest on a PPF Account is 8.70 percent and the interest is accrued on the minimum balance in the account within the fifth and last day of March every year.

The amount is credited to the PNB PPF account by the 31st of March annually.

Documentation required for opening a PPF Account in PNB

A comprehensive set of documents are required by authorized branches in order to open a PPF account for an interested depositor -

Account Opening Form
PPF Deposit Slip

Identification Proof
PAN (Permanent Account Number) Card
Driving License

Address Proof
Two recent passport size photographs
Pay-In Slip