The Public Provident Fund (PPF) is a long-term savings scheme, which will also offer tax exemption on both Principal and interest.

By investing in PPF with Axis Bank, you can invest with minimal risk, enjoy high interest rates, avail tax benefits, access your investments online and enjoy loan facilities, apart from partial withdrawals, if required.

Any resident individual can apply for a PPF on his own behalf or on behalf of a minor for whom he is the guardian. However, joint PPFs are not allowed with Axis Bank. Non-resident Indians (NRIs) are also not eligible to open an account under the PPF scheme.

An individual can open only one PPF account, and can declare the same during account opening.

Documents required for opening PPF Account

To open PPF Account online

To open PPF Account offline

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.