Public Provident Fund (PPF) was introduced in 1968 for Investment of small savings. PPF is also known as savings-cum-tax savings investment. If you are looking for save taxes and good return Investment then go for PPF. Thare are lots of investment option available right now. People are investment thair money in Share market, Crypto Currency, Gold-Silver etc but if you are looking for small and beneficial investment then PPF is recommended options for you.
What is a PPF Scheme Best Investment Plans 2021
Public Provident Fund is Long terms investment plan and it's good option for everyone. Some parent's are interested in future investment for thair chaild. So PPF account is best option for this types of patents.
Only one of the parents can open a PPF account for their children. Necessary recruitment is Parents must be indian citizens. To start a PPF account you must provide a check for initial payment.
For PPF Account KYC required so you need children & parents photos. Aadhar card also required as identity proof and birth certificate for children's age confirmation.
Documents List For PPF Account
- Attached Photos Of Parents and Children
- Aadhar Card
- Residents Proofs
- Pan card
- Children Birth Certificate
- Pay-in-Slip
- Nomination Form
How To Open PPF Account ?
Benefits Of PPF Account
- Easy To Open Account
- Transfer Account
- Easy To Maintain Account
- Exception From Tex
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You can Choose various options for PPF account online or offline. HDFC PPF Account, ICICI PPF account, Bank of Baroda PPF, SBI Public Provident Fund account are some popular and recommend options.
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