If you are looking for an easy and hassle free way to open a PPF account, then look no further! In this article, we will guide you through the whole process of opening an HDFC PPF account, from filling in your basic details to getting your account opened!
What is PPF?
PPF is a saving account offered by the National Bank of India. It offers a higher interest rate than other bank accounts.
How to open an HDFC PPF account?
Refer to this blog for detailed instructions on how to open an HDFC PPF account.
Please note that you will need the following documents to open an HDFC PPF account:
-Aadhar card or Passport
-2 passport size photographs (front and back)
-Valid Identification Proof (driving licence, PAN card, voter ID card etc.)
To complete the process, visit your nearest HDFC branch and submit the required documents together with the applicable application form.
For more information, please visit hdfc.com/ppf.html
How to avail the benefits of PPF account?
HDFC offers a number of benefits to its subscribers, including interest rate on PPF account. Interest rates are revised annually and are as follows:
1. Annual interest rate on HDFC PPF account is currently at 7.1 %
2. Minimum interest rate on PPF account is 1.00 %
3. Maximum interest rate on PPF account is 2.80 %
4. Interest payable quarterly (every three months) with declaration made by the 31st of March, June, September and December
5. Penalty for early withdrawal from PPF account is 6%.
Things to keep in mind while opening an HDFC PPF account
If you are looking to open an HDFC PPF account, here are a few things to keep in mind:
-The interest rate on PPF accounts is currently at 7.1%.
-To open an HDFC PPF account, you will need to provide your full name, date of birth and gender.
-You will also need to provide your address, contact number and PAN (Personal Identification Number).
-You will need to invest Rs 1.5 lakh in order to open an HDFC PPF account.
Conclusion
If you are looking to apply for a PPF account with HDFC, you will need to meet some eligibility criteria. Here is a list of the steps you will need to take in order to open an account:
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