In IDBI Bank, they provide a bunch of facilities and services for digital banking. You will also find the options to apply for PPF account when you want to avail the benefits of tax savings on returns of your long-term savings. You will be able to get interest on your deposits for a long term in public provident fund account. If you are applying for this account in IDBI Bank, you will be able to deposit minimum Rs 500 per year in your PPF account. The minimum maturity period for this account will be 15 years for the consumers.
Are you searching for the process to apply for PPF account in IDBI Bank? You can use the following online and offline methods for this application as a consumer of IDBI Bank:
- The online process for PPF account
In IDBI Bank, you will be able to apply for PPF account by using the online banking facility. If you have internet banking service with your account, you just need to use your internet banking account to apply for PPF account. There will be an option to fill and submit the application form with all the mandatory information. The consumers can deposit the funds with online method easily.
- Visit bank branch for PPF account application
The consumers can also visit the nearest branch of IDBI Bank to apply for PPF account. If you want to get a list of authorized branches for these services, you can visit the website link https://www.idbi.com/gbg-ppf.asp for it. At the bank branch, you will fill and submit the application form with all the required documents to the bank executive. You can also deposit fund in your account with the offline process to apply for this account.
At the link given above, you will get complete details about eligibility, interest rate, tax benefits and other features of this scheme.