[nilesh]

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Hii sir, I Wants to get the PPF Account Opening from of the Corporation Bank Will you Please provide It ?

[prince karak]

Corporation Bank is a public-sector banking company headquartered in Mangalore, India. The bank has a pan-Indian presence. Presently, the bank has a network of 2,440 fully automated CBS branches, 3,040 ATMs, and 4,724 branchless banking units across the country. The bank has representative offices in Dubai and Hong Kong.


Public Provided Fund
Scheme introduced by Central Government in 1968. The Scheme enables the members of the public to make contributions to the Fund and obtain Income Tax rebate under the relevant provisions of the Income Tax.

Duration 15 years
Can be extended for one or more blocks of 5 years
Account can be discontinued but repayment of subscriptions along with interest only after 15 years

Rate of Interest : .7% (w.e.f. 01-04-2013) per annum credited in account on 31st March every year calculated on the minimum balance between 5th day and end of the month.

Eligibility:

Individuals
Individuals on behalf of a minor
Minimum / Maximum Investment ( w.e.f. 01-12-2011 )
Minimum Rs.500/- per annum in multiples of Rs.5/-
Maximum Rs.100,000/- per annum


Application form

The Application form for the PPF Account you may get from the Following branches of the bank

Andhra Pradesh
Secunderabad - M.G. Road Branch

Gujarat
Gandhinagar and Gandhidham Branches

Karnataka
Bangalore-IFB and Mangalore Punja Arcade Branches

Kerala
Thiruvananthapuram Main Brannch

Tamil Nadu
Coimbatore-IFB