The account holders and consumers of Central Bank of India will be able to avail the facility of PPF account. With this government scheme, the consumers will get the benefits of tax-free Savings and easy returns on long-term savings. If you want to apply for PPF account in Central Bank of India, you will get an interest rate of 8.1% per year. You will be able to deposit money for minimum 15 years. The minimum amount of Rs. 500 can be deposited to your amount per year in your PPF account.
This facility is available for all the individuals and minors with a nomination in this Bank. When it comes to applying for public provident fund account in Central Bank of India, you will be able to use following methods for it:
- Apply with Internet Banking facility
If you use internet banking facility as a consumer of Central Bank of India, you can visit the website link https://www.centralbankofindia.co.in and can use internet banking facility to apply for this account. You will fill all the mandatory information in the application form while applying for this account with the online process.
They are also providing an option to deposit fund in your PPF account by using the internet banking facility and online transfer methods.
- Apply for provident fund scheme offline
In Central Bank of India, they are providing the facility of offline application to the consumers who want to get PPF account. You just need to visit the nearest branch of Central Bank of India and get the application form for it. You will fill and submit the application form with all required information. You will also deposit the fund in your account with the offline process.
So, the consumers will be able to use both of these methods while applying for public provident fund account in this Bank.