Can i open ppf account in idbi bank

An investor can withdraw from the PPF account by submitting Form C in this regard and subject to the prevailing conditions in this regard. CreditMantri will never ask you to make a payment anywhere outside the secure CreditMantri website.

Click here for more details All written queries will be responded within 1 working day. We'd love to help you through every step along the way. Eligibility to open account under PPF account. An investor can open a PPF account for the initial tenure of 15 years. The minimum contribution to be made each year is Rs. Contribution made beyond Rs.

The interest is paid on the 31st March of every year that the investment is held. An investor can nominate one or more persons maximum 4 under the PPF scheme offered by the bank.

The investor can define the shares of each of such nominees as well as change the nomination or percentage of share via Form F. The limit or extent of such loans and withdrawals is calculated based on the age of the account i. The investor has to submit a written request for the same. The investor is also allowed to hold the PPF account post its maturity without any contribution. Such accounts will not be treated as a dormant account and will also earn interest at the prevailing rates.

Depositing amount in PPF An investor has to deposit money or make a contribution to the PPF account every year during the tenure of the account. Any amount in excess of Rs. The amount can be deposited in lump sum or in a maximum of 12 instalments per year. Extendable for 1 or more blocks of 5 years each after maturity. This site uses Akismet to reduce spam. Learn how your comment data is processed.

Related Posts. Leave a Reply Cancel reply Your email address will not be published. After 15 years your PPF deposit is matured, now if you wish to continue ppf scheme for another 5 years you can do that.

In that case your total locking period will become 20 years. Same way by extending locking period to 5 years more it becomes 25 and 30 years.

Daily tools provides way to calculate maturity amount for 20, 25 or 30 years. Let's see how you can do that. PPF Calculator for 20 years Just select maturity duration to 20 years and perform calculation. PPF Calculator for 25 years Just select maturity duration to 25 years and perform calculation.