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No. u don't need to open savings a/c for opening ppf a/c in sbi.

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13y ago

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How many nominees can be made in a public provident fund account?

As many as you want.


Which one is better between voluntary provident fund and public provident fund?

VPF


Can NRIs invest in Public Provident Fund (PPF)?

Yes, Non-Resident Indians (NRIs) are not eligible to invest in the Public Provident Fund (PPF) as per current regulations.


What is rate of interest of ppf?

Public Provident fundThe Public Provident Fund Scheme is a statutory scheme of the CentralGovernment of India.The Scheme is for 15 years.The rate of interest is 8% compounded annually.The minimum deposit is 500/- and maximum is Rs. 70,000/- in a financial year.To know more you can checkhttp://tips4bsense.blogspot.com/2010/01/public-provident-fund-public-provident.html


Can Non-Resident Indians (NRIs) invest in Public Provident Fund (PPF)?

Yes, Non-Resident Indians (NRIs) are not eligible to invest in the Public Provident Fund (PPF) as per the current regulations.


Is the Principal and the interest amount withdrawn after the closure of Public Provident Fund Account on maturity is taxable?

If you withdraw before completing 5 years of service - Yes, it is taxable. If you have completed 5 full years, no it is not taxable


How much can you invest yearly in public provident fund?

From min. 500/- to max. 100000 /-


When will Google voice be open to the public?

It is already public within the United States of America. It was released a couple of years ago now. You can join by opening a Google account.


Up to what grade is the uniform mandatory in New York City public schools?

None because uniforms are not mandatory in nyc public schools they are optional


What does ppf stand for?

Public Provident Fund or PPF is a scheme that was introduced by the Government of India in the year 1980. Ever since that year, PPF has been a preferred choice for investment for the risk averse investor. Assured and Tax Free Returns make PPF even more attractive. The PPF is just like the regular Provident Fund Account that salaried employees get throughout India. The only difference being, the PPF account can be opened by anyone and contributions can be made as per their preferences. The money saved in the PPF Account is backed by the Government of India and hence it is practically Risk Free. The money in the PPF Account earns interest just like the PF account which will be credited into our account by the Government.


What is difference between Provident fund and Public provident fund?

Public Provident Fund is a scheme in which any Indian with a PAN card can invest and save money. Provident Fund is a scheme in which a person can join only through his employer. A portion of his salary would be deposited with the regional PF office on his name whereas in PPF you visit any nationalized bank like SBI and deposit money into your account.


What should you review when opening a bank account?

Generally most bank account opening is standarized, the difference is fees and politics. You should rview the banks public image, are they in a lot of lawsuits and have to settle fines, what is their handling of complaints how accessible is a banker for you and what are the charges. And do not forget to review their privacy policy