MINIMUM DEPOSIT
IN
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The National Savings Institute of the Ministry of Finance launched the Public Provident Fund in 1968 as
a savings-plus-tax-saving vehicle in India. The scheme's goal is to encourage people to save small
amounts of money by providing a safe investment with tax bene ts. We at My rstcrore would propose
an investment in PPF (Public Provident Fund) as one of the strategies to develop a long-term corpus.
PPF contributions are deductible under Section 80C of the Income Tax Act. Here's how to create a PPF
account at a bank or post o ce, including the steps to take.
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Documents Required for PPF Account
Documents for the PPF account are similar to the any other account in banks.
. A recent passport size photograph.
. Identity Proof copy with original to verify (Even PAN Card may be accepted as all taxpayers are having it
. Address Proof copy with original to verify
. Account opening form for PPF( available on Bank’s website)
. Paying in slip for PPF a/c ( available on Bank’s website)
. Nomination form for PPF ( available on Bank's website)
. Account number of the saving account in the respective bank (if you are having you're a/c with the Bank
. Online investments
Online investments
Can PPF investments be done online as well, with practically every
investment choice, such as equities, mutual funds, xed deposits,
and bonds, available at the touch of a mouse? You cannot, though, if
you have a post-o ce account. Try our Equity Research once.
However, certain banks allow internet transfers. For example, if you
have an SBI PPF account and an ICICI Bank salary/savings account,
you may use nett banking to add the SBI PPF account as a
payee/bene ciary for transfers from your ICICI account. Money can
also be moved from your Citibank savings account to your State Bank
of Mysore PPF account.
Complete Circle Wealth Solutions LLP
PMS Reg. No. : PM/INP100007365
Address: 911, 9th floor, Tolstoy House, Tolstoy Marg, New Delhi-110001
Phone: +91 92058 74111
Email us at: [email protected]
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THANK YOU
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