Is saving account mandatory for PPF account?

It can be opened at a bank or Post Office, without having the need to open a savings account. PPF remains an attractive investment instrument for Indians as the principal and interest earned on this scheme remains tax free (under section 80C of the Income Tax Act).

How can I add PPF account in beneficiary in PNB?

How To Add Money/Contribute To Your PPF Account Online?

1. Login to your Account.
2. Click on Third party payments.
3. Add PPF account as a beneficiary.
4. Note that payee name and account number should be same as in your PPF account.
5. Once the beneficiary is added, one can transfer funds.

How can I transfer PPF account in PNB?

A PPF account can be transferred at the request of the subscriber from one Bank to another or one Branch to other Branch. The account standing in any Bank or Post Office can also be transferred to our Bank and vice versa.

How can I open PPF account without saving account?

To open a PPF account with the State Bank of India, where you don’t have any other account, you have to fill Form A and submit it to the branch, where you want to open the PPF account, along with a passport size photograph, copy of PAN card (or form 60-61 in case of absence of PAN card), ID proof (PAN card, voter ID.

How can I open PPF account without bank account?

How to open a PPF account offline?

1. Get an application form from the nearest post office or sub-post office in your area.
2. Fill up the form and submit it with the required KYC documents and passport sized photograph.
3. The initial deposit required to open a post office PPF account is Rs.

Can PPF account be operated online?

With the advent of Online Banking, the facility of making payments into your PPF Account in SBI can now also be done online without visiting the SBI Branch. You can now deposit the amount in your PPF Account in SBI from the comfort of your home anytime during the day by making use of Internet Banking.