When it comes to getting the tax benefits on long-term savings, the bank account holders and Consumers will be able to get the facility of public provident fund account in most of the banks. By using the government scheme of PPF, you will be able to deposit your savings for a minimum time period of 15 years. On your savings, you will get tax free interest rate and it is very beneficial for the account holders in Indian Bank. Indian Bank is one of the top banking organisations in the country where account holders will find the facility of PPF account.
If you want to avail the facility of public provident fund account in Indian Bank, you can apply for a new account by using the process given below:
- Apply for PPF account with the online process
The consumers and account holders in Indian Bank will find the facility of internet banking. You just need to visit the website http://www.indianbank.in to log in to your internet banking account. There will be an option to apply for PPF account. You will fill the application form with all the required information and submit with a minimum deposit of Rs 500 per year as account holder of Indian Bank.
- The offline process to open PPF account in Indian Bank
If you do not use the internet banking facility, you can also visit the nearest branch of Indian Bank to apply for PPF account. You can visit the branch to get information if they provide the facility of PPF account or not. You just need to fill and submit the application form at the nearest branch and you can also deposit the funds in your account with the offline method.
Hence, the consumers will be able to use these online and offline methods to avail the benefits with public provident fund account in Indian Bank.
IS THERE ANY PHYSICAL DOCUMENTATION SUBMISSION PROCESS TO BANK AFTER OPENING ONLINE PPF ACCOUNT IN INDIAN BANK. OR THERE IS NO NEED TO DO THE SAME.