In Bank of Maharashtra, the consumers will be able to avail the facility of public provident fund account. It is a very beneficial scheme by the government where you will get the benefits on tax. It is a perfect scheme for people who want to apply for long time savings with good Returns on the deposit.
If you are looking to apply for PPF account in the bank of Maharashtra, you will be able to get option of minimum deposit Rs 500 per year. You will find the maturity period of 15 years in Bank of Maharashtra for PPF account.
All the individuals and minors will be able to apply for PPF account in this bank. You will be able to apply for public provident fund account in the following ways:
- Apply for PPF account with the online process
In Bank of Maharashtra, the consumers will be able to use the facility of internet banking to apply for PPF account. You just need to sign in to your internet banking account at the website https://www.bankofmaharashtra.in and you will be able to find a facility to apply for new PPF account.
There will be an option to deposit Fund with the online process in your PPF account.
- The offline process to apply for PPF account
The consumers and account holders can visit the nearest branch of Bank of Maharashtra. There will be application form that you will fill and submit with all the required documents. You will also pay the deposit fund at the bank branch. After completing the verification process, your PPF account will be activated in Bank of Maharashtra. You can also download the application form at the official website of Bank of Maharashtra and can submit it to the nearest branch with all documents.
You can also contact customer care service providers for additional details about PPF account in this bank.