Post Office PPF Account Opening Form
Post Office PPF Account Opening Form PDF read online or download for free from the www.indiapost.gov.in link given at the bottom of this article.
The Public Provident Fund (PPF) is a well-known savings plan with guaranteed returns and tax advantages. The government permits customers to open a PPF account through India Post Offices to make PPF accessible to everyone, especially those in distant places.
In terms of main characteristics, interest rates, and other requirements, a Post Office PPF Account is identical to one opened with a public or private bank. Opening a PPF account at a post office follows a similar procedure and requires the same paperwork. Here’s everything you need to know about opening a PPF account at a post office.
A PPF account can be opened at a post office by any resident Indian, including salaried, self-employed, pensioners, and others.
An individual’s total number of PPF accounts, including post office PPF accounts, is limited to one, and joint operations are not permitted.
A parent or guardian can open a minor PPF account on behalf of a minor kid at a post office. This, too, is limited to one PPF account for minors per child.
A new PPF account cannot be opened by a non-resident. However, if a resident Indian becomes an NRI before the PPF account matures, he or she can continue to use the account until it matures.
- Identity Proof
- Pan Card
- Address proof
- Nomination form – Form E
PPF account interest rates are maintained uniformly across all post offices and banks that offer the opportunity because it is a Government of India-backed scheme. For Q2 FY 2021-22, the relevant post office PPF interest rate is 7.1 percent.