Is it safe to open PPF account in HDFC Bank?

Is it safe to open PPF account in HDFC Bank?

Yes, it is completely safe to open your PPF account in HDFC bank. It allows the customers to use their online banking account and open a PPF account anytime, 24×7.

Is HDFC PPF good?

Public Provident Fund (PPF) scheme is a very popular long term government backed investment scheme. PPF savings offers you both safety and good interest rates which are exempted from tax. HDFC Bank offers many benefits to its PPF customers.

Which bank is best for PPF account?

The participating banks that offer a PPF account are given below.

  • Bank of India.
  • Union Bank of India.
  • Oriental Bank of Commerce.
  • IDBI Bank.
  • Punjab National Bank.
  • Central Bank of India.
  • Bank of Maharashtra.
  • Dena Bank.

What is the interest rate of PPF in HDFC Bank?

PPF Calculator HDFC for Investments. Current PPF Interest Rate is 7.1%, w.e.f 1 st April 2020….HDFC PPF Interest Rate 2020.

Year Time Period Return (per annum)
2020-2021 April 2020 – June 2020 7.1%
2019-2020 January 20 – March 20 7.9%
2019-2020 October 19 – December 19 7.9%
2019-2020 July 19 – September 19 7.9%

Can I open 2 PPF account?

Prableen Bajpai, Founder FinFix® Research & Analytics replies: Rule-3 of the Public Provident Fund (PPF) Scheme, 2019, sets the ‘limits of number of accounts,’ which mentions that in addition to one’s own account, an individual can also open one account on behalf of each minor or a person of unsound mind of whom he or …

How can I get tax proof of HDFC PPF?

Investment Proof: Submit a copy of your PPF passbook to your employer. If you do not have a passbook, you can submit a print-out or image of your online PPF statement. You can access this statement through Net Banking in most major banks or by visiting the bank branch.

Is PPF interest same in all banks?

PPF is a government-run scheme; thus, the rate of interest is the same in all banks for PPF.

How can I check my PPF interest?

1) Interest is calculated on the minimum balance in PPF account between 5th and the end of each month. 2) This means if fresh deposits are made before 5th of each month, you get the interest for that month on that deposit. Otherwise, interest is calculated on the previous balance.