Join Your Exam WhatsApp group to get regular news, updates & study materials HOW TO JOIN

SBI PPF ACCOUNT OPENING

SBI PPF ACCOUNT OPENING

SBI PPF ACCOUNT OPENING:

PUBLIC PROVIDENT ACCOUNT IS ONE OF THE BEST FORMS OF NOT ONLY SAVING TAXES BUT ALSO EARNING TAX FREE INTEREST AS WELL ON THE SAME.

A PPF ACCOUNT CAN BE OPENED IN POST OFFICE AS WELL AS OTHER SELECTED BRANCHES OF BANKS LIKE SBI, PNB, ICICI ETC. AS STATE BANK OF INDIA HAS HIGHEST REACH AND IS AVAILABLE IN MOST REMOTE VILLAGES, INDIVIDUALS TEND TO HAVE HIGH PREFERENCE FOR OPENING A PPF ACCOUNT IN SBI ITSELF.

SBI PPF ACCOUNT OPENING:

How to save income tax with insurance

How to save income tax with insurance

HOW TO OPEN A PPF ACCOUNT IN SBI:

1. CHOOSE THE SBI BRANCH:

FIRST YOU HAVE TO SELECT NEAREST SBI BRANCH WHICH OFFERS THE FACILITY OF OPENING A PPF ACCOUNT. ONLY SOME OF THE SELECTED BRANCHES OF SBI OFFERS THIS FACILITY.

2. ACCOUNT OPENING FORM & DOCUMENTS REQUIRED:

ONCE YOU HAVE CHECKED THE SBI BRANCH THAT OFFERS THIS FACILITY, YOU HAVE TO GO THE BANK AND ASK THEM FOR AN ACCOUNT OPENING FORM. ALONG WITH FORM, YOU WILL HAVE TO FURNISH DOCUMENTS SUCH AS IDENTITY PROOF, PROOF OF RESIDENCE & PASSPORT SIZE PHOTOGRAPHS. THE DOCUMENTS SUBMITTED SHOULD BE SELF ATTESTED & ENSURE THAT YOU CARRY THE ORIGINALS ALONG WITH YOU.

3. PPF ACCOUNT PASSBOOK:

YOU WOULD BE ISSUED A PPF ACCOUNT PASBOOK ONCE A A PPF ACCOUNT IN SBI IS OPENED. THIS PASSBOOK WILL CONTAIN ALL THE TRANSACTIONS DONE IN YOUR PPF ACCOUNT.

4. HOW TO TRANSACT IN PPF ACCOUNT:

ONCE YOU HAVE OPENED ACCOUNT IN SBI, YOU HAVE TO DEPOSIT THE MONEY IN PPF ACCOUNT. THERE CAN BE RS.500 MINIMUM & RS.150000 MAXIMUM AMOUNT YOU CAN INVEST IN PPF ACCOUNT. YOU CAN INVEST IT ANYTIME DURING THE YEAR.

YOU CAN ALSO HANDLE YOUR PPF ACCOUNT ONLINE BY LOGIN TO YOUR ACCOUNT BY USING INTERNET BANKING.

SBI PPF ACCOUNT OPENING:

At CAKART www.cakart.in you will get everything that you need to be successful in your CA CS CMA exam – India’s best faculty video classes (online or in pen drive) most popular books of best authors (ebooks hard copies) best scanners and all exam related information and notifications.Visit www.cakart.in and chat with our counsellors any time. We are happy to help you make successful in your exams.

.

www.cakart.in.

Click Here to download FREE CA CS CMA Text Books.

 

Leave a comment

Your email address will not be published. Required fields are marked *