Hello, here I am providing you the details of opening the PPF account with Union Bank Of India as under:

Eligibility for Opening Account
The scheme is open to individual and account can also be opened on behalf minor child as a natural / legal guardian.

Subscription
Minimum amount Rs100/- and maximum Rs150000/-

Period
Minimum period is 15 years and can be extended in a block of 5 years.

Rate of Interest
Presently, 8.7% p.a. however, subject to change as per Govt. Notification from time to time.

Documentation required
Name
Address
PAN card details
Branch name
Initial fund value
Debit account details
Standing instructions

Withdrawal from the Fund
Partial withdrawals are allowed after the expiry of 5 financial years. Entire amount can be withdrawn after completion of 15 years.

Loans
After the expiry of one year but before the expiry of 5 years from the end of the year in which initial subscription was made, a loan of 25% of the credit balance at the end of the second year

Nomination
Nominations of one or more persons are allowed except in the account opened on behalf of the minors.

Premature Withdrawal
No withdrawal is permitted before the expiry of 5 years.

Tax Concessions
Deposits in the account are exempted under section 80-C of Income Tax Act