PPF Account Opening Form PDF Download | Bank of Baroda PPF Account in Hindi | PPF account opening form post office | download PPF account opening form 2021
Public provident fund- PPF account is an option for investment. Investments up to Rs 1.5 lakh per annum in this PPF account are tax-exempt under Section 80C. There is no tax on interest income as well. The amount received on maturity is also not covered by the tax. In view of so many tax benefits, people open PPF account in their bank/post office. With this help, people add a lot of money. Public Provident Fund or PPF has been a preferred investment for many investors for many years. Because investing in PPF gives you many advantages. Such as: Investing in PPF provides tax benefits, attractive tax-free interest, no tax is payable at the time of maturity, and also with the guarantee of the Government of India.
You can open your PPF account at the post office or some authorized branches of the bank. NRI candidates are not allowed to invest under the Public Provident Fund Scheme. Here we will discuss various aspects of PPF with you in this article and will provide you the complete process of opening a PPF account by providing a link to the PPF account opening form PDF. For this, you will have to read our article carefully till the end.
Table of Contents
PPF account opening application form pdf
If any person wants to open his PPF account, then he can open his account by going to the post office. Apart from this, you can open a PPF account in the State Bank of India SBI, Union Bank, Punjab National Bank, IDBI Bank, etc., and some private regional banks like ICICI Bank and Axis Bank. All bank and post office forms are provided below. And with this, you can also transfer your PPF account from the post office to one bank, from one bank to another bank, or from a bank to the post office. If you want, you can download the PPF account opening form PDF 2021 from the official website of the State Bank and also open your PPF account online.
|PPF Account Opening Form
|Applied in all states
|Tax benefit and tax-free interest
|Citizens of the country
|To provide tax-free interest on the savings of the citizen
|PPF Account Opening Form PDF
|Post Office PPF Form
Investment and necessary instructions in PPF account
- Minimum contribution in a financial year => 500 rupees.
- One financial year maximum contribution => 1.5 lakh rupees.
- You can submit PPF a maximum of 12 times in a year.
- You will have to deposit 500 rupees or more at a time.
- In PPF, you do not need to deposit the same amount every time. But you cannot deposit more than 1.5 lakh rupees in a year.
- If you want, you can also open a PPF account for your children as well. Keep in mind that it is important to have a Guardian in the account of minor children.
Purpose of opening a PPF account
Public Provident Fund (PPF) is a savings cum tax saving long term investment option introduced by India Post in 1968. Subsequently, the main objective of opening a PPF account is to raise small savings through investments with reasonable returns in addition to income tax benefits. Accordingly, the PPF calculator can be used to calculate the PPF rate of interest which is currently set at 7.1% per annum annually by the central government.
Public Provident Fund Account Maturity
PPF account matures after 15 years from the end of the financial year in which you have opened a PPF account. For example, if you opened an account on June 20, 2016, your PPF account will mature on March 31, 2032.
On PPF maturity, you can have three options-
- Close your account and withdraw the entire deposit.
- Extend PPF account for a period of 5 years without any further contribution.
- Extend PPF account for a period of 5 years with further contributions.
Benefits of PPF Account
- PPF account cannot be opened in joint names as you include the name of any of your partner in the savings or current account, but PPF account is opened by only one person, although in this you can make someone a nominee.
- If you contribute to a minor’s PPF account from the parent/guardian’s income, the parent/guardian can claim tax exemption under Section 80C of the Income Tax Act.
- An application is required to change the status when the child is 18 years old. During this time, the signature of the account holder is attested by his parents. After that, the child gets the operation of the PPF account.
- An NRI cannot open a new PPF account but NRIs can continue with their already running PPF accounts. They cannot make new contributions to their existing PPF accounts.
- The interest in the PPF account is calculated on the minimum balance between the 5th and the last date of every month. Therefore, to maximize the interest, the customer should deposit his contribution or lump sum before the 5th of every month.
- Once the PPF account completes 7 years, you can withdraw some amount from it. Partial withdrawal from PPF is also tax-free.
Procedure for downloading Public Provident Fund (PPF) account opening form
If you want to download the PPF account opening form, then you have to follow the following steps.
For this, you should first go to the office of Post Office Government Bank SBI, Union Bank, Punjab National Bank, IDBI Bank, etc. (where you want to open your PPF account) and get the application form to open a PPF account. The complete information about downloading the form is as follows –
Post Office PPF account opening form
If you want to open an account in the post office, now this process has become easier. The same form will be used to open the account of all the saving schemes in the post office. Earlier, there used to be different forms. According to the Post Office, to buy PPF, Sukanya Samriddhi Account, NSC, now a common form investor has to be filled. Through this, accounts of every saving scheme will be opened. To download the form, click on the link below –
SBI PPF Account Opening Form
You can opt for PPF due to the tax-saving benefit. You can consider investing in a PPF account to achieve a long-term goal, such as your child’s education, home payments, prepayment of loans taken by you, etc. To open a PPF account in SBI, you will need Form A, photocopy of PAN card, passport size photo, ID proof, and copy of documents related to residence certificate, nomination form. You can open a PPF account online at the State Bank of India. Make sure that your Aadhaar number is linked to your SBI Savings Account. Also note that your mobile number which is linked to your Aadhaar must be inactive state, to get OTP. Click on the link below to download the SBI PPF account online opening form.
National Savings Scheme PPF Account Opening Form
PPF or Public Provident Fund is one of the most popular saving schemes practiced in India. Since this scheme is offered by the central government, the money and returns invested in this scheme are safe and guaranteed. PPF was launched along with other savings schemes like, Senior Citizen Security Scheme (SCSS), Sukanya Samriddhi Yojana and National Savings Certificate (NSC), etc., with the main objective of benefiting small investors. Investment in these schemes can be started with a minimum of Rs 500. PPF is especially for those who are looking for safe and guaranteed return-saving schemes. If you want to download the National Savings Scheme PPF account opening form, click on the link below –
PNB PPF Account Opening Form
In the case of PNB, the process of opening a PPF account is not completely online. To complete the process, one has to go to the bank branch to submit the documents. Public Provident Fund (PPF) is the tried investment option. It has never disappointed investors. Tax exemption on investment amount, tax-free return on maturity, and the hands of the government are the main attractions of the scheme. For this PPF account is required to be opened. Click on the link below to download the PNB PPF account opening form.
Axis Bank PPF Account Opening Form
As you may be aware, Public Provident Fund Scheme has long been one of the most popular tax saving and long-term investment options in India. Some of the benefits of the scheme include risk-free deposits (government-backed), easy availability, fixed rate of return, and completely tax-free returns. Currently, only three private sector banks in India offer PPF accounts and Axis Public Provident Fund (Axis PPF) accounts are the most popular among them. Click on the link below to download the Axis Bank PPF account opening form.
Union Bank PPF Account Opening Form
The Public Provident Fund Scheme is open to individuals and accounts can also be opened on behalf of a minor child as a natural/legal guardian. Under this, a minimum amount of ₹ 500 / – and a maximum deposit of `1,50,000 / – is deposited in a financial year. can be done. Its minimum duration is 15 years and it can be extended in the section of 5 years. Under this, if you want to get the Union Bank PPF account opening form, subject to change (on a quarterly basis) as per the government notification from time to time. For this, you have to click on the link given below.
Indian Bank PPF Account Opening Form
A public provident fund i.e. PPF account is an investment option. Investments up to Rs 1.5 lakh annually in this account are tax-deductible under section 80C. There is no tax on interest income as well. The amount received on maturity is also not covered by the tax. In view of so many tax benefits, people open PPF account in their bank/post office. With this help, people add a lot of money. If you want to download the Indian Bank PPF account opening form, click on the link given below.
Bank of Baroda PPF account opening form
The Public Provident Fund (PPF) scheme is a popular long-term investment option backed by the Government of India which offers attractive interest rates and protection from returns and is tax-free. Bank of Baroda operates Public Provident Fund Scheme with its branches across India. Any person can open an account in the name of a mentally or mentally deformed person if he is his guardian; Only one account can be opened in the name of a deformed person. If you want to open your PPF account with the Bank of Baroda, then you have to get its application form. Click on the link below to download the form.
Canara Bank PPF Account Opening Form
Public Provident Fund (PPF) offers tax-saving benefits on long-term investments with low risk. PPF is an investment option given by the Government of India, so the risks are less in it, which is 1.5 lakhs per annum. But guarantees a return (maturity) on maturity with a tax deduction. Currently, you can open a PPF account in various public sector banks in India as well as some major private sector banks and India Post offices including Canara Bank. Click on the link below to download the Canara Bank PPF account opening form.