By getting the facility of public provident fund account, the bank account holders will be able to get income tax benefits on the interest of long-time savings. To avail these tax benefits, you will be able to apply for PPF account in Corporation Bank also. They are providing the option of PPF account for all the individuals who do not have joint accounts. You can deposit the funds for a minimum period of 15 years and the minimum deposit amount will be Rs.500 per year.
If you also want to avail these tax benefits by using PPF facility in Corporation Bank, you will be able to apply for this account with the methods given below:
- Apply with online banking services
If you are using internet banking facility as a consumer of Corporation Bank, you will be able to apply for PPF account online. You can visit the website link http://www.corpbank.com to apply for PPF account. There will be an option to fill the application form with all mandatory information and you will also find a facility to deposit the fund in your account with the online process by using your internet banking account.
- The offline process to open PPF account in Corporation Bank
The consumers, who do not use the facility of internet banking, can visit the bank branch to apply for PPF account. This facility is only available in five branches of Corporation Bank and you can get complete details about these branches at website link http://www.corpbank.com/node/58945. At the bank branch, you will ask for application form for PPF account. You will fill the application form with all required information and submit it with all the required documents to the bank executive. You can also make an offline deposit of money in your PPF account.
It is the complete information when you want to apply for PPF account as a consumer of Corporation Bank.